Sanchez Production Partners LP (NYSEAMERICAN:SNMP) Director Antonio R. Sanchez III sold 4,700 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $13.00, for a total value of $61,100.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Sanchez Production Partners LP (NYSEAMERICAN SNMP) traded down $0.25 during trading on Monday, reaching $12.50. The company had a trading volume of 28,595 shares, compared to its average volume of 51,331. Sanchez Production Partners LP has a 52 week low of $9.35 and a 52 week high of $15.75. The company has a market capitalization of $186.23, a price-to-earnings ratio of -2.22 and a beta of -0.42.
Sanchez Production Partners (NYSEAMERICAN:SNMP) last announced its quarterly earnings results on Tuesday, November 14th. The basic materials company reported ($0.38) EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.04.
A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its position in Sanchez Production Partners by 180.2% during the second 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 period. Parkwood LLC raised its position in 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 purchasing an additional 10,405 shares during the period. Kalos Management Inc. purchased a new stake in Sanchez Production Partners during the third quarter valued at approximately $117,000. Arrow Investment Advisors LLC raised its position in 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 purchasing an additional 16,074 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Sanchez Production Partners by 3.2% during the second quarter. Goldman Sachs Group Inc. now owns 1,112,590 shares of the basic materials company’s stock valued at $14,297,000 after purchasing an additional 34,400 shares during the period.
A number of equities analysts recently commented on SNMP shares. BidaskClub raised Sanchez Production Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. Zacks Investment Research raised Sanchez Production Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th.
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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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