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. Its business activities are conducted through Memorial Production Operating LLC (OLLC) and its wholly owned subsidiaries. Its assets consist primarily of producing oil and natural gas properties, and are located in East Texas/Louisiana, Rockies, Offshore Southern California, Permian Basin and South Texas. Most of its oil and natural gas properties are located in oil and natural gas reservoirs with geologic characteristics and production profiles and capital requirements.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Independent Oil & Gas
- Sub-Industry: N/A
- Symbol: NASDAQ:MEMP
- CUSIP: N/A
- Web: www.memorialpp.com
- 50 Day Moving Avg: $0.13
- 200 Day Moving Avg: $0.22
- 52 Week Range: $0.10 - $2.34
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -0.29
- P/E Growth: 0.000
- Net Margins: -51.57%
- Return on Equity: -44.22%
- Return on Assets: -8.73%
- Debt-to-Equity Ratio: 4.28%
- Current Ratio: 2.28%
- Quick Ratio: 2.28%
- Average Volume: 1.37 million shs.
- Beta: 1.3
Frequently Asked Questions for Memorial Production Partners LP (NASDAQ:MEMP)
What is Memorial Production Partners LP's stock symbol?
Memorial Production Partners LP trades on the NASDAQ under the ticker symbol "MEMP."
How often does Memorial Production Partners LP pay dividends? What is the dividend yield for Memorial Production Partners LP?
Memorial Production Partners LP announced a quarterly dividend on Wednesday, July 27th. Stockholders of record on Friday, August 5th will be given a dividend of $0.03 per share on Friday, August 12th. This represents a $0.12 annualized dividend and a dividend yield of 96.00%. The ex-dividend date is Wednesday, August 3rd. View Memorial Production Partners LP's Dividend History.
How were Memorial Production Partners LP's earnings last quarter?
Memorial Production Partners LP (NASDAQ:MEMP) posted its quarterly earnings results on Tuesday, November, 1st. The company reported ($0.39) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.06) by $0.33. The company earned $74.22 million during the quarter, compared to analysts' expectations of $106.51 million. Memorial Production Partners LP had a negative net margin of 51.57% and a negative return on equity of 44.22%. The firm's revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($2.31) earnings per share. View Memorial Production Partners LP's Earnings History.
Where is Memorial Production Partners LP's stock going? Where will Memorial Production Partners LP's stock price be in 2017?
5 equities research analysts have issued 12 month price targets for Memorial Production Partners LP's shares. Their predictions range from $1.00 to $1.80. On average, they expect Memorial Production Partners LP's share price to reach $1.40 in the next year. View Analyst Ratings for Memorial Production Partners LP.
Are investors shorting Memorial Production Partners LP?
Memorial Production Partners LP saw a decline in short interest during the month of April. As of April 13th, there was short interest totalling 547,326 shares, a decline of 58.2% from the March 31st total of 1,309,609 shares. Based on an average trading volume of 1,395,692 shares, the short-interest ratio is presently 0.4 days. Approximately 0.7% of the company's stock are sold short.
Who are some of Memorial Production Partners LP's key competitors?
Some companies that are related to Memorial Production Partners LP include Enterprise Products Partners L.P. (EPD), ConocoPhillips (COP), EOG Resources (EOG), Suncor Energy (SU), Occidental Petroleum (OXY), Canadian Natural Resource Ltd (CNQ), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), Devon Energy Corp (DVN), Apache (APA), Hess Corp. (HES), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Cabot Oil & Gas Co. (COG), Cimarex Energy Co (XEC), Diamondback Energy (FANG) and EQT (EQT).
How do I buy Memorial Production Partners LP stock?
Shares of Memorial Production Partners LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Memorial Production Partners LP stock cost?
One share of Memorial Production Partners LP stock can currently be purchased for approximately $0.13.
Earnings History for Memorial Production Partners LP (NASDAQ:MEMP)Earnings History by Quarter for Memorial Production Partners LP (NASDAQ:MEMP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/1/2016||Q3 2016||($0.06)||($0.39)||$106.51 million||$74.22 million||View||N/A|
|8/3/2016||Q216||($0.01)||($1.78)||$121.62 million||$68.06 million||View||N/A|
|5/4/2016||Q116||($0.03)||($0.46)||$131.45 million||$60.87 million||View||N/A|
|2/24/2016||Q415||($0.04)||$0.88||$120.99 million||$79.10 million||View||Listen|
|11/4/2015||Q315||$0.12||($1.39)||$133.01 million||$88.10 million||View||N/A|
|8/5/2015||Q215||$0.21||($0.88)||$141.51 million||$98.14 million||View||N/A|
|5/6/2015||Q115||$0.25||$0.04||$131.04 million||$92.80 million||View||N/A|
|2/25/2015||Q414||$0.37||$0.52||$141.30 million||$122.58 million||View||N/A|
|11/5/2014||Q314||$0.53||$0.01||$168.02 million||$147.20 million||View||N/A|
|8/6/2014||Q214||$0.44||$0.39||$115.10 million||$123.30 million||View||N/A|
|5/7/2014||Q1||$0.43||$0.20||$106.47 million||$100.90 million||View||N/A|
Earnings Estimates for Memorial Production Partners LP (NASDAQ:MEMP)
2017 EPS Consensus Estimate: ($0.23)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Memorial Production Partners LP (NASDAQ:MEMP)
|Most Recent Dividend:||8/12/2016|
|Payout Ratio:||-3.43% (Trailing 12 Months of Earnings) |
-26.09% (Based on This Year's Estimates)
-13.95% (Based on Next Year's Estimates)
Dividend History by Quarter for Memorial Production Partners LP (NASDAQ:MEMP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Memorial Production Partners LP (NASDAQ:MEMP)
Insider Ownership Percentage: 1.51%Insider Trades by Quarter for Memorial Production Partners LP (NASDAQ:MEMP)
Institutional Ownership Percentage: 5.51%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/19/2015||Mrd Holdco Llc||Insider||Sell||190,514||$15.00||$2,857,710.00|| |
|4/20/2015||Mrd Holdco Llc||Insider||Sell||508,735||$17.08||$8,689,193.80|| |
|11/14/2014||Robert L Jr. Stillwell||VP||Buy||3,120||$16.12||$50,294.40|| |
|11/14/2014||William J Scarff||President||Buy||3,000||$16.34||$49,020.00|| |
|11/13/2014||Kyle N Roane||SVP||Buy||3,100||$15.78||$48,918.00|| |
|11/12/2014||Robert A Innamorati||Director||Buy||9,400||$17.26||$162,244.00|| |
|11/11/2014||John A Weinzierl||CEO||Buy||60,000||$16.72||$1,003,200.00|| |
|11/11/2014||William J Scarff||President||Buy||3,000||$16.85||$50,550.00|| |
|6/6/2014||Robert A Innamorati||Director||Buy||21,344||$22.48||$479,813.12|| |
|8/13/2013||Robert Innamorati||Director||Buy||24,292||$20.68||$502,358.56|| |
|8/12/2013||Jonathan Clarkson||Director||Buy||5,000||$20.79||$103,950.00|| |
Headline Trends for Memorial Production Partners LP (NASDAQ:MEMP)
Latest Headlines for Memorial Production Partners LP (NASDAQ:MEMP)
Memorial Production Partners LP (MEMP) Chart for Friday, May, 26, 2017