Memorial Production Partners (MEMP) to Suspend Quarterly Cash Distributions; Will Explore Strategic Alternatives
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UPDATE: Stifel Downgrades Memorial Production Partners (MEMP) to Sell
October 31, 2016 6:55 AM EDT(Updated - October 31, 2016 8:40 AM EDT)
Stifel downgraded Memorial Production Partners (NASDAQ: MEMP) from Hold to Sell with a price target of $0.50. The change follows news the company is exploring strategic alternatives in capital structure.
"After the market close on October 28th, the... More
FBR Capital Downgrades Memorial Production Partners (MEMP) to Market Perform
October 31, 2016 6:48 AM EDTFBR Capital downgraded Memorial Production Partners (NASDAQ: MEMP) from Outperform to Market Perform with a price target of $1.00 (from $3.50).
Analyst Chad Mabry commented, "On Friday, October 28, after the close, Memorial Production Partners announced that it is suspending its quarterly distribution on its common... More
UPDATE: Memorial Production Partners (MEMP) Said to Weigh Options, Including Bankruptcy
October 28, 2016 3:48 PM EDT(Updated - October 28, 2016 3:55 PM EDT)
Memorial Production Partners (Nasdaq: MEMP) said to weigh options, including bankruptcy, according to Bloomberg.
UPDATE - News comes as the company make look to restructure its current debt situations
MEMP may... More
