Today I’m reviewing a large-cap oil & gas midstream firm by the name of Sanchez Midstream Partners LP. Its trading ticker symbol is SNMP.

Sanchez Midstream Partners LP is a US based company, focused on the acquisition, development, ownership and operation of midstream and other oil and gas producing assets.

It operates in two segments, Midstream and Production. The Midstream segment engages in gathering, processing, and transporting natural gas, NGLs, and oil. 

The Production segment is involved in the production of crude oil and natural gas. As of December 31, 2017, this segment had total estimated proved reserves of approximately 5.3 million barrels of oil equivalent. The company also owns production assets in Texas, Louisiana, and Oklahoma. 

Sanchez Midstream Partners GP LLC serves as the general partner of the company. The company was formerly known as Sanchez Production Partners LP and changed its name to Sanchez Midstream Partners LP in June 2017.

Sanchez Midstream Partners LP was founded in 2005 and is headquartered in Houston, Texas.

I use three key data points to gauge the value of any dividend equity or fund like Sanchez Midstream Partners LP. (SNMP): 

(1) Price

(2) Dividends

(3) Returns

Besides those three, four more keys will finally unlock an equity or fund in which to invest.

But those first three primary keys, best tell whether a company has made, is making, and will make money. 

SNMP Price

Sanchez’s price per share was $11.20 at yesterday’s market close. A year ago its price was $9.90 for a gain of $1.30 per share.  

Assuming Sanchez’s price will trade in the range of $9.50 to $13.50 next year, that $1.30 gain would take its current $11.20 price to $12.50 by early August, 2019. 

SNMP Dividends

Sanchez’s most recent quarterly dividend was $0.45declared May 8and paidMay 31.

At that most recent quarterly pay rate, its 2018 annual dividend is calculated at $1.80yielding16% at yesterday’s closing $11.20 price.