Memorial Production Partners LP (NASDAQ:MEMP) – Equities research analysts at FBR & Co cut their FY2016 earnings estimates for shares of Memorial Production Partners in a research report issued to clients and investors on Tuesday. FBR & Co analyst C. Mabry now anticipates that the firm will post earnings per share of ($2.71) for the year, down from their prior forecast of ($2.35). FBR & Co has a “Market Perform” rating and a $1.00 price objective on the stock. FBR & Co also issued estimates for Memorial Production Partners’ Q4 2016 earnings at ($0.08) EPS, Q1 2017 earnings at ($0.06) EPS, Q2 2017 earnings at ($0.06) EPS, Q3 2017 earnings at ($0.05) EPS, Q4 2017 earnings at ($0.06) EPS, FY2017 earnings at ($0.23) EPS and FY2018 earnings at ($0.43) EPS.

A number of other research analysts also recently issued reports on the company. Goldman Sachs Group Inc. restated a “sell” rating on shares of Memorial Production Partners in a research note on Tuesday, November 1st. Stifel Nicolaus downgraded Memorial Production Partners from a “hold” rating to a “sell” rating in a research note on Monday, October 31st. Raymond James Financial Inc. downgraded Memorial Production Partners from a “market perform” rating to an “underperform” rating in a research note on Friday, October 21st. Zacks Investment Research downgraded Memorial Production Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 5th. Finally, Citigroup Inc. restated a “hold” rating and set a $1.80 price target on shares of Memorial Production Partners in a research note on Thursday, September 29th. Six equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock currently has a consensus rating of “Sell” and an average price target of $2.46.

Earnings History and Estimates for Memorial Production Partners (NASDAQ:MEMP)

Shares of Memorial Production Partners (NASDAQ:MEMP) traded down 0.2250% during trading on Thursday, hitting $0.3991. 382,609 shares of the stock traded hands. The stock has a 50 day moving average of $0.00 and a 200 day moving average of $0.00. Memorial Production Partners has a 52-week low of $0.36 and a 52-week high of $4.07.

Several hedge funds have recently bought and sold shares of MEMP. Sanders Morris Harris Inc. boosted its stake in Memorial Production Partners by 33.7% in the third quarter. Sanders Morris Harris Inc. now owns 4,325,557 shares of the company’s stock valued at $7,700,000 after buying an additional 1,089,704 shares in the last quarter. Trust Asset Management LLC boosted its stake in Memorial Production Partners by 55.5% in the second quarter. Trust Asset Management LLC now owns 1,678,620 shares of the company’s stock valued at $3,189,000 after buying an additional 598,960 shares in the last quarter. Arrow Investment Advisors LLC boosted its stake in Memorial Production Partners by 22.7% in the third quarter. Arrow Investment Advisors LLC now owns 386,276 shares of the company’s stock valued at $688,000 after buying an additional 71,470 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its stake in Memorial Production Partners by 1.4% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 63,381 shares of the company’s stock valued at $120,000 after buying an additional 887 shares in the last quarter.

About Memorial Production Partners

Memorial Production Partners LP (the Partnership) owns, acquires and exploits oil and natural gas properties in North America. The Partnership is owned by its limited partners and general partner. Its general partner is responsible for managing all of the Partnership’s operations and activities. The Partnership operates in the acquisition, exploitation, development and production of oil and natural gas properties segment.

5 Day Chart for NASDAQ:MEMP

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