Sanchez Production Partners LP (SNMP) Upgraded by Zacks Investment Research to Hold

Sanchez Production Partners LP (NASDAQ:SNMP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, October 17th.

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. “

Sanchez Production Partners (NASDAQ:SNMP) traded up $0.45 on Tuesday, reaching $12.25. 41,212 shares of the company’s stock traded hands.

Sanchez Production Partners (NASDAQ:SNMP) last released its quarterly earnings results on Tuesday, August 15th. The company reported ($0.62) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by ($0.21). The firm had revenue of $25.03 million for the quarter, compared to analysts’ expectations of $21.90 million.

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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.

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