MLV & Co Starts Stock Coverage on Memorial Production Partners LP (MEMP)

By admin | 6 years ago

Equities researchers at MLV & Co assumed coverage on shares of Memorial Production Partners LP (NASDAQ: MEMP) in a report issued on Tuesday. The firm set a “hold” rating on the stock.

Memorial Production Partners LP traded down 0.86% on Tuesday, hitting $17.27. Memorial Production Partners LP has a 1-year low of $16.59 and a 1-year high of $19.09. The company has a market cap of $383.1 million and a price-to-earnings ratio of 13.13.

A number of other firms have also recently commented on MEMP. 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. 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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