Shares of Sanchez Midstream Partners LP (NYSEAMERICAN:SNMP) traded down 6.8% on Wednesday . The stock traded as low as $0.40 and last traded at $0.41, 7,136 shares changed hands during mid-day trading. A decline of 94% from the average session volume of 119,068 shares. The stock had previously closed at $0.44.
Separately, TheStreet cut Sanchez Midstream Partners from a “c-” rating to a “d” rating in a research note on Friday, May 17th.
A hedge fund recently bought a new stake in Sanchez Midstream Partners stock. Invesco Ltd. bought a new position in shares of Sanchez Midstream Partners LP (NYSEAMERICAN:SNMP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,758,705 shares of the basic materials company’s stock, valued at approximately $3,957,000. Invesco Ltd. owned 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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