Zacks Investment Research upgraded shares of Sanchez Production Partners (NYSEAMERICAN:SNMP) from a hold rating to a strong-buy rating in a research note released on Friday. They currently have $13.00 price objective on the basic materials company’s stock.
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 upgraded Sanchez Production Partners from a sell rating to a hold rating in a report on Saturday, November 4th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted 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 last quarter. Kalos Management Inc. acquired a new stake in Sanchez Production Partners during the third quarter valued at $117,000. Arrow Investment Advisors LLC acquired a new stake in Sanchez Production Partners during the second quarter valued at $605,000. Parkwood LLC boosted 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 last quarter. Finally, Yorkville Capital Management LLC boosted its position in Sanchez Production Partners by 16.8% during the second quarter. Yorkville Capital Management LLC now owns 256,613 shares of the basic materials company’s stock valued at $3,297,000 after purchasing an additional 36,948 shares during the last quarter.
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.
What are top analysts saying about Sanchez Production Partners? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Sanchez Production Partners and related companies.