Shares of Sanchez Production Partners LP (NYSEAMERICAN:SNMP) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $15.50.

Several equities analysts have weighed in on SNMP shares. BidaskClub upgraded shares of Sanchez Production Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 4th. Zacks Investment Research upgraded shares of Sanchez Production Partners from a “sell” rating to a “hold” rating in a report on Friday, August 18th.

Shares of Sanchez Production Partners (SNMP) opened at $10.60 on Friday. Sanchez Production Partners has a one year low of $9.35 and a one year high of $15.75.

The business also recently disclosed a dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, November 20th were issued a $0.4508 dividend. The ex-dividend date was Friday, November 17th. Sanchez Production Partners’s dividend payout ratio is currently -31.91%.

A number of institutional investors have recently added to or reduced their stakes in the business. Kalos Management Inc. purchased a new stake in shares of Sanchez Production Partners in the 3rd quarter valued at approximately $117,000. Royal Bank of Canada increased its position in shares of Sanchez Production Partners by 180.2% in the 2nd quarter. Royal Bank of Canada now owns 9,330 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 6,000 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Sanchez Production Partners in the 2nd quarter valued at approximately $308,000. Arrow Investment Advisors LLC purchased a new stake in shares of Sanchez Production Partners in the 2nd quarter valued at approximately $605,000. Finally, Parkwood LLC grew its position in shares of Sanchez Production Partners by 23.5% in the 3rd 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.

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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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