Sanchez Production Partners LP (SNMP) Declares Dividend of $0.45

Sanchez Production Partners LP (NYSEAMERICAN:SNMP) announced a dividend on Friday, February 9th, Fidelity reports. Shareholders of record on Tuesday, February 20th will be paid a dividend of 0.4508 per share by the basic materials company on Wednesday, February 28th. This represents a yield of 0.0383659574468085%. The ex-dividend date is Friday, February 16th.

Shares of Sanchez Production Partners (SNMP) opened at $11.75 on Friday. The firm has a market cap of $173.64, a price-to-earnings ratio of -2.08 and a beta of -0.33. Sanchez Production Partners has a 12-month low of $9.35 and a 12-month high of $15.75.

Sanchez Production Partners (NYSEAMERICAN:SNMP) last announced its quarterly earnings results on Tuesday, November 14th. The basic materials company reported ($0.38) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.04. The firm had revenue of $18.60 million for the quarter, compared to analysts’ expectations of $23.60 million.

In related news, Director Antonio R. Sanchez III sold 5,121 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $13.00, for a total value of $66,573.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Antonio R. Sanchez III sold 4,700 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $13.00, for a total transaction of $61,100.00. The disclosure for this sale can be found here. Insiders sold a total of 11,505 shares of company stock valued at $149,565 over the last 90 days.

Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Sanchez Production Partners from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. BidaskClub upgraded shares of Sanchez Production Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 4th.

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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.

Dividend History for Sanchez Production Partners (NYSEAMERICAN:SNMP)

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