Memorial Production Partners LP(MEMP) is having a Dividend Yield of 39.74% with the Annual cash Dividend per share of $0.16. Memorial Production Partners LP has a 5 year average dividend yield of 15.32% and the stock has a Indicated annual dividend of $0.06. Memorial Production Partners LP(MEMP) formally announced its most recent dividend on July 27, 2016 with a Dividend per share of $0.03. The new indicated annual dividend based on announced dividend per share is $0.06. The dividend yield based on the forward looking indicated annual dividend is 39.74%. The 5 year historical dividend growth of Memorial Production Partners LP(MEMP) is at the rate of -33.5% while the R-Squared dividend growth is 0.3. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Memorial Production Partners LP (NASDAQ:MEMP) rose 19.4% or 0.0293 points on Thursday and made its way into the gainers of the day. After trading began at $0.1499 the stock was seen hitting $0.1954 as a peak level and $0.1401 as the lowest level. The stock ended up at $0.1803. The daily volume was measured at 7,170,463 shares. The 52-week high of the share price is $3.21 and the 52-week low is $0.123. The company has a market cap of $15 million. Shares of Memorial Production Partners LP appreciated by 15.5% during the last five trading days but lost 33.22% on a 4-week basis. Memorial Production Partners LP has dropped 57.07% during the last 3-month period . Year-to-Date the stock performance stands at 50.25%.
Currently the company Insiders own 1.51% of Memorial Production Partners LP shares according to the proxy statements. Institutional Investors own 5.51% of Memorial Production Partners LP shares. Company has reported several Insider transactions to the SEC, on Mar 11, 2015, Gregory M Robbins (SVP, Corporate Development) sold 16,000 shares at 18.00 per share price.
Memorial Production Partners LP Last issued its quarterly earnings results on Nov 1, 2016. The company reported $-0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.34. Analyst had a consensus of $-0.05. The company had revenue of $74.22 million for the quarter, compared to analysts expectations of $106.51 million. The companys revenue was down -15.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-2.31 EPS.
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.