Earnings Forecast Research on Memorial Production Partners LP (MEMP)

Memorial Production Partners LP has received $-0.08 as the consensus Earnings Estimate for the Quarter ending on Dec 2016 ,According to the estimate provided by 1 Financial Advisor in the Stock Trading Firms. The EPS growth rate is projected at 57.89%.

Memorial Production Partners LP results fell short with a surprise EPS of -387.5% or $-0.31. The Actual EPS was $-0.39 compared to the Estimated EPS of $-0.08 during its most recent quarterly earnings.

In the last quarter, Memorial Production Partners LP reported Annual Earnings of $-0.39. Based on the filings, last years Annual Earnings was, $-2.43. In the last Quarter, MEMP reported a surprise Earnings per Share of -387.5% . The consensus estimate for current quarter is $-0.08 and for the current fiscal year, the estimate is $-2.56. For the Next fiscal year, the estimate is $-0.16 based on the consensus.

Memorial Production Partners LP (NASDAQ:MEMP) stock ended Tuesday session in the red zone in a volatile trading. The stock closed down 0.0097 points or 5.3% at $0.1732 with 1,494,779 shares getting traded. Post opening the session at $0.18, the shares hit an intraday low of $0.17 and an intraday high of $0.185 and the price was in this range throughout the day. The company has a market cap of $15 million and the number of outstanding shares has been calculated to be 83,831,331 shares. The 52-week high of Memorial Production Partners LP (NASDAQ:MEMP) is $3.21 and the 52-week low is $0.123.

Memorial Production Partners LP focuses on the acquisition and exploitation of oil and gas properties in North America. The Companys properties are located in South and East Texas and consist of mature, legacy onshore oil and natural gas reservoirs. Memorial Production Partners LP is based in Houston, Texas.

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