Sanchez Production Partners LP (SNMP) Announces Earnings Results, Misses Estimates By $0.04 EPS
Sanchez Production Partners LP (NYSEMKT:SNMP) posted its quarterly earnings results on Tuesday. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04), reports.
Shares of Sanchez Production Partners (NYSEMKT SNMP) opened at $12.10 on Tuesday. Sanchez Production Partners has a 1 year low of $9.35 and a 1 year high of $15.75.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 20th will be given a dividend of $0.451 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.80 annualized dividend and a yield of 14.91%.
Several brokerages have issued reports on SNMP. BidaskClub upgraded shares of Sanchez Production Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th. Zacks Investment Research upgraded shares of Sanchez Production Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th.
Sanchez Production Partners Company Profile
Sanchez Midstream Partners LP, formerly Sanchez Production Partners LP, is focused on the acquisition, development, ownership and operation of midstream and other energy producing assets. The Company operates through two segments: the exploration and production of oil and natural gas, and the midstream business, which includes the Catarina gathering system.
Receive News & Ratings for Sanchez Production Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanchez Production Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.