Sanchez Midstream Partners LP is committed to the acquisition, development, ownership, and operation of medium and other energy assets in the United States. The company operates in two segments: midstream and production. The Midstream segment deals with the collection, processing, and transportation of natural gas, NGL, and oil. This segment has an oil and gas collection system with about 150 fold miles and 4 collection and refining facilities, including stabilizers, storage tanks, compressors and drainage systems, and other related assets in West Qatar in Dimitri and Webb County, Texas; and offers manufacturing services from the top of the Eagle Ford Shale in southern Texas.
The production segment is involved in the extraction of crude oil and natural gas. As of December 31, 2018, total proven reserves of around 3.5 million barrels of oil equivalent were estimated in this segment. The company also has manufacturing facilities in Texas, Louisiana, and Oklahoma. Sanchez Midstream Partners GP LLC is a general partner company. The company was previously known as Sanchez Production Partners LP and changed its name to Sanchez Midstream Partners LP in June 2017. Sanchez Midstream Partners LP was founded in 2005 and is headquartered in Houston, Texas.
Sanchez Midstream Partners is traded on the AMERICAN New York Stock Exchange (NYSE) with the symbol “SNMP”. You can check its stock information at https://www.webull.com/quote/amex-snmp. Sanchez Midstream Partners is expected to release its next quarterly earnings announcement on Thursday, May 28, 2020. Sanchez Midstream Partners LP (NYSEAMERICAN: SNMP) announced its quarterly results on Friday March 13th. The basic materials company reported earnings per share (EPS) of $ 2.90 for the quarter. The material company had sales of $ 16.39 million in the quarter.
Headlines about SNMP shares were rather positive this week, InfoTrie reported. The research group evaluates the mood for media coverage by analyzing more than six thousand news sources and blogs in real-time. Companies assess the range of companies on a scale from minus five to positive five, with the best results being five. Sanchez Midstream Partners obtained a sentiment score of 2.0 on the InfoTrie scale.
They also provide key material for media reports about the company, news 10.0 out of 10, which indicates that recent media coverage is likely to have an impact on share prices over the next few days. Sanchez Midstream Partners saw a short interest rate cut in May. As of May 15, there was an interest in the total number of 121,700 shares, a 7.8% decline compared with a total of 30,000 to 132,000 shares in April. With an average daily trading volume of 162,000 shares, the current short-term quota is 0.8 days. About 1.0% of the company’s shares are sold short. If you want to know more stock information like aaxn, you can visit at https://www.webull.com/quote/nasdaq-aaxn .