Sanchez Midstream Partners LP (NYSEAMERICAN:SNMP) was up 17.1% during trading on Friday . The company traded as high as $0.51 and last traded at $0.48, approximately 1,220,800 shares traded hands during trading. An increase of 843% from the average daily volume of 129,422 shares. The stock had previously closed at $0.41.
Separately, TheStreet lowered Sanchez Midstream Partners from a “c-” rating to a “d” rating in a report on Friday, May 17th.
An institutional investor recently bought a new position in Sanchez Midstream Partners stock. Invesco Ltd. purchased a new position in shares of Sanchez Midstream Partners LP (NYSEAMERICAN:SNMP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,758,705 shares of the basic materials company’s stock, valued at approximately $3,957,000. Invesco Ltd. owned approximately 8.75% of Sanchez Midstream Partners at the end of the most recent reporting period.
Sanchez Midstream Partners LP engages in the acquisition, development, ownership, and operation of midstream and other energy-related assets in the United States. It operates in two segments, Midstream and Production. The Midstream segment engages in gathering, processing, and transporting natural gas, NGLs, and oil.
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