Sanchez Midstream Partners (SNMP) Rating Lowered to D at TheStreet

Sanchez Midstream Partners (NYSEAMERICAN:SNMP) was downgraded by equities researchers at TheStreet from a “c-” rating to a “d” rating in a research report issued on Friday, TheStreetRatingsTable reports.

Shares of Sanchez Midstream Partners stock opened at $2.83 on Friday. Sanchez Midstream Partners has a 12 month low of $1.27 and a 12 month high of $12.70.

Sanchez Midstream Partners (NYSEAMERICAN:SNMP) last issued its earnings results on Thursday, May 9th. The basic materials company reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($0.12). The firm had revenue of $17.49 million during the quarter.

An institutional investor recently raised its position in Sanchez Midstream Partners stock. Kalos Management Inc. increased its position in shares of Sanchez Midstream Partners LP (NYSEAMERICAN:SNMP) by 101.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,369 shares of the basic materials company’s stock after acquiring an additional 19,799 shares during the period. Kalos Management Inc. owned about 0.24% of Sanchez Midstream Partners worth $95,000 as of its most recent filing with the Securities and Exchange Commission.

Sanchez Midstream 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.

Further Reading: What is Net Asset Value (NAV)?

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