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: Energy
- Industry: Oil & Gas Exploration and Production - NEC
- Sub-Industry: N/A
- Symbol: NASDAQ:MEMP
- CUSIP: N/A
- Web: www.memorialpp.com
- 52 Week Range: $0.10 - $2.09
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -0.29
- P/E Growth: 0.000
- Net Margins: -395.31%
- Return on Equity: -496.55%
- Return on Assets: -58.07%
- Debt-to-Equity Ratio: 4.28%
- Current Ratio: 2.28%
- Quick Ratio: 2.28%
- Average Volume: 207,544 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) released its earnings results on Tuesday, November, 1st. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.06) by $0.33. The business had revenue of $74.22 million for the quarter, compared to the consensus estimate of $106.51 million. Memorial Production Partners LP had a negative return on equity of 496.55% and a negative net margin of 395.31%. The business's revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($2.31) EPS. 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 brokers have issued 1 year price targets for Memorial Production Partners LP's stock. Their forecasts range from $1.00 to $1.80. On average, they expect Memorial Production Partners LP's stock price to reach $1.40 in the next year. View Analyst Ratings for Memorial Production Partners LP.
Who are some of Memorial Production Partners LP's key competitors?
Some companies that are related to Memorial Production Partners LP include EOG Resources (EOG), ConocoPhillips (COP), CNOOC Limited (CEO), Occidental Petroleum Corporation (OXY), Williams Partners LP (WPZ), Canadian Natural Resources Limited (CNQ), Pioneer Natural Resources Company (PXD), Anadarko Petroleum Corporation (APC), Apache Corporation (APA), Concho Resources (CXO), Devon Energy Corporation (DVN), Noble Energy (NBL), Continental Resources (CLR), Cabot Oil & Gas Corporation (COG), EQT (EQT), Marathon Oil Corporation (MRO), Encana Corporation (ECA) and Diamondback Energy (FANG).
Who are Memorial Production Partners LP's key executives?
Memorial Production Partners LP's management team includes the folowing people:
- William J. Scarff, President, Chief Executive Officer, Director
- Robert L. Stillwell Jr., Chief Financial Officer, Vice President
- Christopher S. Cooper, Chief Operating Officer, Senior Vice President of the General Partner
- Gregory M. Robbins, Senior Vice President - Corporate Development of the General Partner
- Matthew Hoss, Principal Accounting Officer
- Jason M. Childress, Vice President, General Counsel, Corporate Secretary
- Jonathan M. Clarkson, Non-Executive Chairman of the Board
- John A. Weinzierl, Director
- W. Donald Brunson, Independent Director of the General Partner
- P. Michael Highum, Independent Director of the General Partner
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.
What is Memorial Production Partners LP's stock price today?
MarketBeat Community Rating for Memorial Production Partners LP (NASDAQ MEMP)MarketBeat's community ratings are surveys of what our community members think about Memorial Production Partners LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Memorial Production Partners LP stock can currently be purchased for approximately $0.13.
Consensus Ratings for Memorial Production Partners LP (NASDAQ:MEMP) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Sell Ratings, 2 Hold Ratings|
|Consensus Rating:||Sell (Score: 1.40)|
|Consensus Price Target: ||$1.40 (1,020.00% upside)|
Analysts' Ratings History for Memorial Production Partners LP (NASDAQ:MEMP)
(Data available from 7/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/1/2016||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Sell||N/A|
|10/31/2016||FBR & Co||Downgrade||Outperform -> Market Perform||$3.50 -> $1.00||N/A|
|10/31/2016||Stifel Nicolaus||Downgrade||Hold -> Sell||N/A|
|10/21/2016||Raymond James Financial, Inc.||Downgrade||Market Perform -> Underperform||N/A|
|9/29/2016||Citigroup Inc.||Reiterated Rating||Hold||$1.80||N/A|
|2/23/2016||Bank of America Corporation||Downgrade||Neutral -> Underperform||N/A|
|2/18/2016||Wells Fargo & Company||Downgrade||Market Perform -> Underperform||N/A|
|2/12/2016||Ladenburg Thalmann Financial Services||Downgrade||Buy -> Neutral||N/A|
|12/30/2015||Morgan Stanley||Downgrade||Overweight -> Equal Weight||$8.00 -> $6.00||N/A|
|12/18/2015||Barclays PLC||Lower Price Target||Equal Weight||$6.00 -> $1.50||N/A|
|11/5/2015||Wunderlich||Downgrade||Buy -> Hold||$10.00 -> $5.00||N/A|
|8/13/2015||J P Morgan Chase & Co||Downgrade||Overweight -> Neutral||$16.00 -> $11.00||N/A|
|8/7/2015||Oppenheimer Holdings, Inc.||Reiterated Rating||Sell||N/A|
|8/6/2015||Royal Bank Of Canada||Downgrade||Outperform -> Sector Perform||$21.00 -> $9.00||N/A|
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 Thursday, July, 20, 2017