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Memorial Production Partners (MEMP) in Focus: Stock Up 5.8%


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Memorial Production Partners LP ( MEMP ) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down over 28% since Aug 3, 2015.

Though the company has seen no positive revisions in the past 30 days, its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Memorial Production Partners. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.

Memorial Production Partners currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

A better-ranked oil stock is Warren Resources Inc. ( WRES ), sporting a Zacks Rank #1(Strong Buy).

Is MEMP going up? Or down? Predict to see what others think: Up or Down

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

MEMORIAL PRODUC (MEMP): Free Stock Analysis Report

WARREN RSRCS (WRES): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , Investing Ideas , Stocks




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