The stock of Sanchez Production Partners LP (NYSEMKT:SPP) is a huge mover today! About 100,102 shares traded hands or 703.77% up from the average. Sanchez Production Partners LP (NYSEMKT:SPP) has declined 25.23% since March 4, 2016 and is downtrending. It has underperformed by 33.27% the S&P500.
The move comes after 5 months positive chart setup for the $59.71 million company. It was reported on Oct, 7 by Barchart.com. We have $18.71 PT which if reached, will make NYSEMKT:SPP worth $19.70 million more.
Analysts await Sanchez Production Partners LP (NYSEMKT:SPP) to report earnings on November, 11.
According to Zacks Investment Research, “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.”
More notable recent Sanchez Production Partners LP (NYSEMKT:SPP) news were published by: Globenewswire.com which released: “Sanchez Production Partners Executes Agreements to Acquire Midstream and Other …” on October 06, 2016, also Businesswire.com with their article: “Sanchez Production Partners Announces the Departure of Stephen R. Brunner …” published on March 11, 2015, Globenewswire.com published: “Sanchez Production Partners Reports Second Quarter 2016 Results” on August 12, 2016. More interesting news about Sanchez Production Partners LP (NYSEMKT:SPP) were released by: Reuters.com and their article: “BRIEF-Sanchez Production Partners buys midstream asset in the Eagle Ford” published on July 05, 2016 as well as Streetinsider.com‘s news article titled: “Sanchez Production Partners (SPP) to Acquire Sanchez Energy’s (SN) Carnero …” with publication date: July 05, 2016.
SPP Company Profile
Sanchez Production Partners LP, formerly Sanchez Production Partners LLC, incorporated on February 7, 2005, is focused on the acquisition, development, ownership and operation of midstream and other energy producing assets. The Firm operates through two divisions: the exploration and production of oil and natural gas, and the midstream business, which includes the Catarina gathering system. The Exploration and Production segment explores for and produces natural gas and crude oil. The Midstream segment operates the gathering, processing and transportation of crude oil, natural gas liquids (NGLs) and natural gas. The exploration and production business includes oil and natural gas reserves located in the Eagle Ford Shale in South Texas and in other areas of Texas and Louisiana, as well as properties in the Mid-Continent region. The Company’s total estimated proved reserves total over 11.6 million barrels of oil equivalent (MMBoe). It owns approximately 1,992 net producing wells.
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