Wednesday, March 3, 2021

Sanchez Midstream Partners LP [SNMP] Revenue clocked in at $61.40 million, up 176.74% YTD: What’s Next?

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Sanchez Midstream Partners LP [AMEX: SNMP] traded at a high on 02/16/21, posting a 25.93 gain after which it closed the day’ session at $1.70. The company report on February 17, 2021 that Sanchez Midstream Partners LP Will Change Its Name to Evolve Transition Infrastructure LP.

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Sanchez Midstream Partners LP (NYSE American: SNMP) (the “Partnership”) announced that the Partnership intends to change its name to “Evolve Transition Infrastructure LP” after market hours on Friday, February 26, 2021.


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The name change reflects the Partnership’s strategy and focus on energy transition including natural gas midstream activities.

The results of the trading session contributed to over 1974270 shares changing hands. Over the past one week, the price volatility of Sanchez Midstream Partners LP stands at 13.30% while the volatility over the past one month is 19.92%.

The market cap for SNMP stock reached $34.37 million, with 19.27 million shares outstanding and 5.40 million shares in the current float. Compared to the average trading volume of 1.19M shares, SNMP reached a trading volume of 1974270 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Sanchez Midstream Partners LP [SNMP]?

The Average True Range (ATR) for Sanchez Midstream Partners LP is set at 0.21, with the Price to Sales ratio for SNMP stock in the period of the last 12 months amounting to 0.56. Price to Free Cash Flow for SNMP in the course of the last twelve months was 0.91 with Quick ratio for the last quarter at 0.10.

How has SNMP stock performed recently?

Sanchez Midstream Partners LP [SNMP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.09. With this latest performance, SNMP shares gained by 91.01% in over the last four-week period, additionally plugging by 431.08% over the last 6 months – not to mention a rise of 332.63% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SNMP stock in for the last two-week period is set at 65.98, with the RSI for the last a single of trading hit 67.99, and the three-weeks RSI is set at 64.77 for Sanchez Midstream Partners LP [SNMP]. The present Moving Average for the last 50 days of trading for this stock 0.8825, while it was recorded at 1.5080 for the last single week of trading, and 0.5383 for the last 200 days.

Sanchez Midstream Partners LP [SNMP]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Sanchez Midstream Partners LP [SNMP] shares currently have an operating margin of +19.05 and a Gross Margin at +42.89. Sanchez Midstream Partners LP’s Net Margin is presently recorded at -64.31.

Return on Total Capital for SNMP is now 3.53, given the latest momentum, and Return on Invested Capital for the company is -12.49. Return on Equity for this stock declined to -41.01, with Return on Assets sitting at -11.35. Additionally, SNMP Total Debt to Total Capital is recorded at 109.07, with Total Debt to Total Assets ending up at 103.87.

Reflecting on the efficiency of the workforce at the company, Sanchez Midstream Partners LP [SNMP] managed to generate an average of -$5,682,444 per employee. Receivables Turnover for the company is 11.50 with a Total Asset Turnover recorded at a value of 0.18.Sanchez Midstream Partners LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 0.10.

Earnings analysis for Sanchez Midstream Partners LP [SNMP]

With the latest financial reports released by the company, Sanchez Midstream Partners LP posted -0.53/share EPS, while the average EPS was predicted by analysts to be reported at -0.36/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -47.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SNMP.

Insider trade positions for Sanchez Midstream Partners LP [SNMP]

There are presently around $3 million, or 34.20% of SNMP stock, in the hands of institutional investors. The top three institutional holders of SNMP stocks are: INVESCO LTD. with ownership of 1,747,546, which is approximately 0% of the company’s market cap and around 0.80% of the total institutional ownership; MORGAN STANLEY, holding 78,300 shares of the stock with an approximate value of $0.11 million in SNMP stocks shares; and KALOS MANAGEMENT, INC., currently with $28000.0 in SNMP stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in Sanchez Midstream Partners LP stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 4 institutional holders increased their position in Sanchez Midstream Partners LP [AMEX:SNMP] by around 123,442 shares. Additionally, 2 investors decreased positions by around 31,356 shares, while 7 investors held positions by with 1,742,662 shares. The mentioned changes placed institutional holdings at 1,897,460 shares, according to the latest SEC report filing. SNMP stock had 3 new institutional investments in for a total of 45,942 shares, while 1 institutional investors sold positions of 30,030 shares during the same period.

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