Sanchez Production Partners (NYSEAMERICAN:SNMP) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Sanchez Production Partners (NYSEAMERICAN:SNMP) from a sell rating to a hold rating in a research note issued to investors on Friday, December 29th.

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

Sanchez Production Partners (NYSEAMERICAN SNMP) opened at $12.65 on Friday. Sanchez Production Partners has a 52-week low of $9.35 and a 52-week high of $15.75. The company has a market cap of $186.94, a P/E ratio of -2.24 and a beta of -0.42.

Several large investors have recently modified their holdings of SNMP. Goldman Sachs Group Inc. lifted 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 buying an additional 34,400 shares in the last quarter. Stonepeak GP Investors Manager LLC raised its holdings 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. Yorkville Capital Management LLC raised its holdings 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. Arrow Investment Advisors LLC raised its holdings in Sanchez Production Partners by 34.1% during the 3rd quarter. Arrow Investment Advisors LLC now owns 63,160 shares of the basic materials company’s stock worth $711,000 after purchasing an additional 16,074 shares during the last quarter. Finally, Parkwood LLC raised its holdings in Sanchez Production Partners by 23.5% during the 3rd quarter. Parkwood LLC now owns 54,750 shares of the basic materials company’s stock worth $616,000 after purchasing an additional 10,405 shares during the last quarter.

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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.

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