MEMP

[dan_s]

Memorial Production Partners LP Announces Third Quarter 2015 Cash Distribution and Third Quarter 2015 Earnings Conference Call and Webcast

HOUSTON, Oct. 27, 2015 (GLOBE NEWSWIRE) -- Memorial Production Partners LP (NASDAQ:MEMP) announced today that the board of directors of its general partner has approved management's recommendation and declared a cash distribution of $0.30 per unit for the third quarter of 2015. This distribution represents an annualized amount of $1.20 per unit and will be paid on November 12, 2015 to unitholders of record as of the close of business on November 5, 2015.

MEMP also announced today that it will report third quarter 2015 financial and operating results before the market opens for trading on November 4, 2015. Following the announcement, management will host a third quarter 2015 earnings conference call at 10 a.m. CT. Interested parties are invited to participate on the call by dialing (844) 735-9435 (Conference ID: 48792750) at least 15 minutes prior to the start of the call or via the internet at www.memorialpp.com. A replay of the call will be available on MEMP's website or by phone at (855) 859-2056 (Conference ID: 48792750) for a seven-day period following the call.

[Wolfdog2]

MEMP Memorial Production downgraded to Sell from Buy at UBS
UBS analyst Shneur Gershuni double downgraded Memorial Production Partners LP to Sell from Buy saying the partnership is likely to take distributions down in 2015 in order to retain cash flow. The analyst expects the recent trend of distribution cuts despite excess coverage will gain momentum in the Upstream Space. He cut his price target for shares to $5 from $8. :theflyonthewall.com

[dan_s]

Take a look at the hedge table at the bottom of our forecast model for MEMP and you will see why they will survive and probably can keep paying dividends. You can find it under the MLP tab.