Sanchez Midstream Partners LP (NYSEAMERICAN:SNMP) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $0.43. Sanchez Midstream Partners shares last traded at $0.42, with a volume of 3,264 shares.
Separately, TheStreet downgraded Sanchez Midstream Partners from a “c-” rating to a “d” rating in a research report on Friday, May 17th.
An institutional investor recently bought a new position in Sanchez Midstream Partners stock. Invesco Ltd. bought a new position in Sanchez Midstream Partners LP (NYSEAMERICAN:SNMP) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,758,705 shares of the basic materials company’s stock, valued at approximately $3,957,000. Invesco Ltd. owned 8.75% of Sanchez Midstream Partners at the end of the most recent reporting period.
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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