Memorial Production Partners (MEMP) Earning Somewhat Negative News Coverage, Study Finds

Posted by on Apr 13th, 2017

Press coverage about Memorial Production Partners (NASDAQ:MEMP) has been trending somewhat negative this week, AlphaOne reports. The research firm, a subsidiary of Accern, identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Memorial Production Partners earned a news sentiment score of -0.22 on AlphaOne’s scale. AlphaOne also assigned news coverage about the company an impact score of 83 out of 100, meaning that recent press coverage is very likely to have an effect on the company’s share price in the near term.

Here are some of the news articles that may have impacted Alpha One Sentiment Analysis’s analysis:

Separately, Zacks Investment Research cut shares of Memorial Production Partners from a “buy” rating to a “hold” rating in a research report on Thursday, January 19th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $1.02.

Memorial Production Partners (NASDAQ:MEMP) traded up 2.3585% on Wednesday, reaching $0.1302. 450,139 shares of the company traded hands. Memorial Production Partners has a 52-week low of $0.10 and a 52-week high of $3.07. The stock has a 50-day moving average of $0.13 and a 200 day moving average of $0.49. The company’s market capitalization is $10.91 million.

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About Memorial Production Partners

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.

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