Stephens analyst Matt Schmid reiterated a Buy rating on Sanchez Midstream Partners LP (NYSE: SNMP) yesterday and set a price target of $16. The company’s shares closed yesterday at $10.75.
According to TipRanks.com, Schmid is a 2-star analyst with an average return of 0.5% and a 41.4% success rate. Schmid covers the Basic Materials sector, focusing on stocks such as Green Plains Partners, Energy Transfer Eq, and Blueknight Energy.
Currently, the analyst consensus on Sanchez Midstream Partners LP is a Moderate Buy with an average price target of $16.
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The company has a one-year high of $13.25 and a one-year low of $9.35. Currently, Sanchez Midstream Partners LP has an average volume of 48.91K.
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.
