Zacks Investment Research upgraded shares of Sanchez Production Partners (NYSEAMERICAN:SNMP) from a sell rating to a hold rating in a research report report published on Friday.

According to Zacks, “Sanchez Production Partners LP is focused on the acquisition, development and production of oil and natural gas properties and other integrated assets. The company’s reserve primarily located in the Cherokee Basin in Oklahoma and Kansas, the Woodford Shale in the Arkoma Basin in Oklahoma, the Central Kansas Uplift in Kansas ,Texas and Louisiana. Sanchez Production Partners LP, formerly known as Sanchez Production Partners LLC, is headquartered in Houston, Texas. “

Separately, BidaskClub upgraded shares of Sanchez Production Partners from a sell rating to a hold rating in a report on Saturday, November 4th.

Sanchez Production Partners (SNMP) opened at $11.10 on Friday. Sanchez Production Partners has a 1-year low of $9.35 and a 1-year high of $15.75. The stock has a market cap of $164.04, a PE ratio of -1.97 and a beta of -0.41.

Several hedge funds have recently added to or reduced their stakes in the business. Kalos Management Inc. purchased a new stake in shares of Sanchez Production Partners during the third quarter valued at about $117,000. Arrow Investment Advisors LLC lifted its position in shares of Sanchez Production Partners by 34.1% during the third quarter. Arrow Investment Advisors LLC now owns 63,160 shares of the basic materials company’s stock valued at $711,000 after buying an additional 16,074 shares during the last quarter. Parkwood LLC lifted its position in shares of Sanchez Production Partners by 23.5% during the third quarter. Parkwood LLC now owns 54,750 shares of the basic materials company’s stock valued at $616,000 after buying an additional 10,405 shares during the last quarter. Yorkville Capital Management LLC lifted its position in shares of Sanchez Production Partners by 16.8% during the second quarter. Yorkville Capital Management LLC now owns 256,613 shares of the basic materials company’s stock valued at $3,297,000 after buying an additional 36,948 shares during the last quarter. Finally, Stonepeak GP Investors Manager LLC lifted its position in shares of Sanchez Production Partners by 88.5% during the second quarter. Stonepeak GP Investors Manager LLC now owns 393,291 shares of the basic materials company’s stock valued at $5,054,000 after buying an additional 184,697 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: “Sanchez Production Partners (SNMP) Upgraded at Zacks Investment Research” was posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.watchlistnews.com/sanchez-production-partners-snmp-upgraded-at-zacks-investment-research/1790252.html.

About Sanchez Production Partners

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.

Get a free copy of the Zacks research report on Sanchez Production Partners (SNMP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Sanchez Production Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanchez Production Partners and related companies with Analyst Ratings Network's FREE daily email newsletter.