Memorial Production Partners (MEMP) Declares $0.30 Quarterly Dividend; 23% Yield

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Go back to Memorial Production Partners (MEMP) Declares $0.30 Quarterly Dividend; 23% Yield

UBS Downgrades Memorial Production Partners (MEMP) to Sell

October 27, 2015 7:59 AM EDT

UBS downgraded Memorial Production Partners (NASDAQ: MEMP) from Buy to Sell with a price target of $5.00 (from $8.00).

Analyst Shneur Gershuni commented, "We believe the recent trend of cutting distributions despite excess coverage will gain momentum in the Upstream Space. We have been... More