Memorial Production Partners (MEMP) Misses Q3 EPS Views
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November 5, 2015 7:00 AM EST
Wunderlich Securities downgraded Memorial Production Partners (NASDAQ: MEMP) from Buy to Hold with a price target of $5.00 (from $10.00).
For an analyst ratings summary and ratings history on Memorial Production Partners click here. For more ratings news on Memorial Production Partners click here.
Shares of Memorial Production Partners closed at $5.13 yesterday.
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November 4, 2015 6:22 AM EST
Memorial Production Partners (NASDAQ: MEMP) announced that it has completed an acquisition of the remaining interests in its oil and gas properties offshore Southern California (the Beta properties) from a third party for approximately $101 million, subject to customary post-closing adjustments. The transaction closed on November 3, 2015.
MEMP first acquired its interests in the Beta properties in December 2012. The acquired interests in the transaction announced today primarily consist of the 48.25% remaining working interests in 58 gross producing wells in three Pacific Outer Continental Shelf blocks in the Beta Field, located in federal waters approximately... More
