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

Rating:
Buy MEMP
down 63.54 %

Memorial Production Partners LP (MEMP) rated Buy with price target $24 by Wunderlich

Posted on: Wednesday,  Oct 23, 2013  8:25 AM ET by Wunderlich

Wunderlich rated Buy Memorial Production Partners LP (NASDAQ: MEMP) on 10/23/2013. Previously Wunderlich rated Buy Memorial Production Partners LP (NASDAQ: MEMP) on
02/20/2013., when the stock price was $18.13. Since then, Memorial Production Partners LP has lost 63.54% as of 01/22/2016's recent price of $6.61.
If you would have followed the previous Wunderlich's recommendation on MEMP, you would have lost 63.54% of your investment in 1066 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.

Advising private clients is a long-term and relationship-guided process. The Financial Advisors at Wunderlich Securities recognize that serving individuals and families requires an understanding of their individual goals and needs. Our approach involves a cycle of service. Wunderlich's Financial Advisors work with each client to design, implement and monitor a plan that serves the client's needs. We utilize a variety of high-quality investments including stocks, bonds, mutual funds, options and annuities to build diversified and balanced portfolios.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/23/2013 8:25 AM Buy
None
20.81 24.00
as of 12/13/2013
1 Week up  3.90 %
1 Month down  -0.76 %
3 Months up  1.76 %
1 YTD down  -0.28 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/20/2013 8:25 AM Buy
None
18.13 22.00

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