Sanchez Production Partners LP (NYSEAMERICAN:SNMP) has earned an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $15.50.

A number of research analysts recently commented on SNMP shares. Zacks Investment Research raised shares of Sanchez Production Partners from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. BidaskClub raised shares of Sanchez Production Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th.

A number of institutional investors have recently modified their holdings of SNMP. Stonepeak GP Investors Manager LLC grew its position in Sanchez Production Partners by 88.5% during the 2nd quarter. Stonepeak GP Investors Manager LLC now owns 393,291 shares of the basic materials company’s stock worth $5,054,000 after purchasing an additional 184,697 shares during the last quarter. Arrow Investment Advisors LLC purchased a new position in Sanchez Production Partners during the 2nd quarter worth $605,000. Yorkville Capital Management LLC grew its position in Sanchez Production Partners by 16.8% during the 2nd quarter. Yorkville Capital Management LLC now owns 256,613 shares of the basic materials company’s stock worth $3,297,000 after purchasing an additional 36,948 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Sanchez Production Partners by 3.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,112,590 shares of the basic materials company’s stock worth $14,297,000 after purchasing an additional 34,400 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in Sanchez Production Partners during the 2nd quarter worth $308,000.

Shares of Sanchez Production Partners (NYSEAMERICAN SNMP) traded down $0.10 on Friday, hitting $10.45. 41,143 shares of the stock were exchanged, compared to its average volume of 63,509. Sanchez Production Partners has a fifty-two week low of $9.35 and a fifty-two week high of $15.75.

The business also recently announced a dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were given a $0.4508 dividend. The ex-dividend date was Friday, November 17th. Sanchez Production Partners’s dividend payout ratio (DPR) is -31.91%.

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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.

Analyst Recommendations for Sanchez Production Partners (NYSEAMERICAN:SNMP)

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