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.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Tuesday, November 20th will be paid a $0.15 dividend. The ex-dividend date is Monday, November 19th. This represents a $0.60 dividend on an annualized basis and a yield of 11.90%.

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.

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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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Insider Buying and Selling by Quarter for Sanchez Production Partners (NYSEAMERICAN:SNMP)

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