Sanchez Production Partners LP (SNMP) Director Sells $71,100.00 in Stock
Sanchez Production Partners LP (NYSEAMERICAN:SNMP) Director Antonio R. Sanchez III sold 15,000 shares of Sanchez Production Partners stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $4.74, for a total value of $71,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Sanchez Production Partners stock traded up $0.45 during mid-day trading on Tuesday, reaching $5.04. The stock had a trading volume of 238,949 shares, compared to its average volume of 67,215. Sanchez Production Partners LP has a fifty-two week low of $4.28 and a fifty-two week high of $13.25.
Sanchez Production Partners (NYSEAMERICAN:SNMP) last announced its quarterly earnings data on Friday, November 9th. The basic materials company reported ($0.59) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.44) by ($0.15). The business had revenue of $18.15 million during the quarter.
SNMP has been the subject of a number of research reports. Stephens set a $16.00 price objective on Sanchez Production Partners and gave the company a “buy” rating in a research note on Friday, August 17th. Citigroup set a $7.00 price objective on Sanchez Production Partners and gave the company a “hold” rating in a research note on Monday.
Institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in shares of Sanchez Production Partners during the third quarter valued at approximately $170,000. Russell Investments Group Ltd. purchased a new position in shares of Sanchez Production Partners during the first quarter valued at approximately $618,000. Renaissance Technologies LLC boosted its position in shares of Sanchez Production Partners by 115.5% during the second quarter. Renaissance Technologies LLC now owns 92,900 shares of the basic materials company’s stock valued at $1,096,000 after buying an additional 49,800 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Sanchez Production Partners by 13.2% during the third quarter. Wells Fargo & Company MN now owns 191,257 shares of the basic materials company’s stock valued at $1,358,000 after buying an additional 22,292 shares during the last quarter.
Sanchez Production Partners Company Profile
Sanchez Midstream Partners LP engages in the acquisition, development, ownership, and operation of midstream and other energy-related assets in the United States. It operates in two segments, Midstream and Production. The Midstream segment engages in gathering, processing, and transporting natural gas, NGLs, and oil.
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