RBC Capital analyst T J Schultz reiterated a Buy rating on Sanchez Midstream Partners LP (NYSE: SNMP) on August 14 and set a price target of $14. The company’s shares closed yesterday at $10.75.
According to TipRanks.com, Schultz is a top 100 analyst with an average return of 20.9% and a 70.8% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Oasis Midstream Partners Lp, and Enbridge Energy Management.
Sanchez Midstream Partners LP has an analyst consensus of Moderate Buy, with a price target consensus of $16, a 48.8% upside from current levels. In a report released yesterday, Stephens also reiterated a Buy rating on the stock with a $16 price target.
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Based on Sanchez Midstream Partners LP’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $1.8 million. In comparison, last year the company had a net profit of $559K.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock.
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Sanchez Midstream Partners LP engages in the acquisition, development and production of oil and natural gas properties, as well as related midstream assets. The company operates through two segments: Midstream and Production. The Midstream segment operates the gathering, processing and transportation of crude oil, natural gas and NGLs.
