McNicoll Lewis & Vlak Initiates Coverage on Memorial Production Partners LP (MEMP)

By admin | 6 years ago

Research analysts at McNicoll Lewis & Vlak assumed coverage on shares of Memorial Production Partners LP (NASDAQ: MEMP) in a report released on Tuesday. The firm set a “hold” rating on the stock.

Memorial Production Partners LP opened at 17.42 on Tuesday. Memorial Production Partners LP has a 52-week low of $16.59 and a 52-week high of $19.09. The company has a market cap of $386.4 million and a price-to-earnings ratio of 13.13.

A number of other analysts have also recently weighed in on MEMP. Analysts at MLV & Co initiated coverage on shares of Memorial Production Partners LP in a research note to investors on Tuesday. They set a “hold” rating on the stock. Separately, analysts at Citigroup (NYSE: C) raised their price target on shares of Memorial Production Partners LP from $22.50 to $23.00 in a research note to investors on Wednesday, May 16th. Finally, analysts at Global Hunter Securities initiated coverage on shares of Memorial Production Partners LP in a research note to investors on Tuesday, April 17th. They set a “buy” rating and a $22.00 price target on the stock.

Memorial Production Partners LP is a limited partnership formed by Memorial Resource to own and acquire oil and natural gas properties in North America.

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