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Enter Symbol:
Memorial Production Partners LP (MEMP) [hlAlert]

down 64.84 %

Memorial Production Partners LP (MEMP) rated Outperform by Wells Fargo

Posted on: Friday,  Mar 8, 2013  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform Memorial Production Partners LP (NASDAQ: MEMP) on 03/08/2013, when the stock price was $18.80.
Since then, Memorial Production Partners LP has lost 64.84% as of 01/22/2016's recent price of $6.61.
If you would have followed this Wells Fargo's recommendation on MEMP, you would have lost 64.84% of your investment in 1050 days.

Memorial Production Partners LP focuses on acquiring, developing, producing, and operating oil and natural gas properties in North America. The company?s properties consist of operated working interests in producing and undeveloped leasehold acreage and in identified producing wells, as well as non-operated working interests in producing and undeveloped leasehold acreage in south and east Texas. As of December 31, 2010, it had owned 133,309 gross (112,828 net) acres of developed properties and 11,876 gross (4,501 net) acres of undeveloped properties; interests in 1,290 gross (609 net) producing wells across its properties, with an average working interest of 47%; and total estimated proved reserves of approximately 325 billion cubic feet of natural gas equivalent. Memorial Production Partners GP LLC serves as the general partner of the company. Memorial Production Partners LP was founded in 2011 and is based in Houston, Texas.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/8/2013 8:25 AM Buy
as of 12/13/2013
1 Week up  3.90 %
1 Month down  -0.76 %
3 Months up  1.76 %
1 YTD up  10.37 %

(*) Stock Price at the time of the recommendation.
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