The stock of Sanchez Production Partners LP (NYSEMKT:SPP) is a huge mover today! About 77,895 shares traded hands or 329.62% up from the average. Sanchez Production Partners LP (NYSEMKT:SPP) has risen 37.81% since April 14, 2016 and is uptrending. It has outperformed by 33.12% the S&P500.
The move comes after 7 months negative chart setup for the $58.75M company. It was reported on Nov, 16 by Barchart.com. We have $11.88 PT which if reached, will make NYSEMKT:SPP worth $6.46 million less.
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 important recent Sanchez Production Partners LP (NYSEMKT:SPP) news were published by: Nasdaq.com which released: “Sanchez Production Partners LP (SPP) Ex-Dividend Date Scheduled for November …” on November 07, 2016, also Businesswire.com published article titled: “Sanchez Production Partners Announces the Departure of Stephen R. Brunner …”, Businesswire.com published: “Sanchez Production Partners Engages Lantana Energy Advisors for the Possible …” on March 16, 2015. More interesting news about Sanchez Production Partners LP (NYSEMKT:SPP) was released by: Businesswire.com and their article: “Sanchez Production Partners: Conversion from Limited Liability Company to …” with publication date: March 06, 2015.
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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