Price to trailing twelve month operating cash flow for SNMP is currently 0.14, higher than just 1.72% of US stocks with positive operating cash flow.
Equity multiplier, or assets relative to shareholders' equity, comes in at -9.34 for Sanchez Midstream Partners LP; that's greater than it is for just 2.07% of US stocks.
Sanchez Midstream Partners LP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 655.18%, greater than the shareholder yield of 98.94% of stocks in our set.
Stocks that are quantitatively similar to SNMP, based on their financial statements, market capitalization, and price volatility, are NAT, ENIA, CMRE, AT, and NVGS.
Sanchez Midstream Partners, formerly known as Sanchez Production Partners, engages in the acquisition, development, ownership, and operation of midstream and other energy production assets in the United States. The company was founded in 2005 and is based in Houston, Texas.
SNMP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Sanchez Midstream Partners LP with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Sanchez Midstream Partners LP ranked in the 95th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 6181%. In terms of the factors that were most noteworthy in this DCF analysis for SNMP, they are:
4% of the company's capital comes from equity, which is greater than merely 1.73% of stocks in our cash flow based forecasting set.
Sanchez Midstream Partners LP's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -0.53. This coverage rate is greater than that of merely 22.38% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Sanchez Midstream Partners LP experienced a tax rate of about 0% over the past twelve months; relative to its sector (Energy), this tax rate is higher than just 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Sanchez Midstream Partners LP? See CRCQQ, SOI, TALO, GPP, and PTEN.
Sanchez Midstream Partners LP (NYSE American: SNMP) (“SNMP” or the “Partnership”) today announced that on June 25, 2020, the NYSE American LLC (the “Exchange”) notified the Partnership that it has accepted the Partnership’s plan to regain compliance with the Exchange’s continued listing standards. As previously disclosed, on April 3, 2020, the Partnership received a letter from the Exchange stating that the Partnership was below compliance with Section 1003(a)(i) of the Exchange’s continued listing standards, specifically because the Partnership reported partners’ capital of less than $2,000,000 as of December 31, 2019 and had net losses in two of its three most recent fiscal years.
Sanchez Midstream Partners LP (NYSE American: SNMP) (“SNMP” or the “Partnership”) today announced that on April 3, 2020, the Partnership received a deficiency letter from NYSE American LLC (“NYSE American”) stating that the Partnership was below compliance with the NYSE American continued listing standard Section 1003(a)(i) of the NYSE American Company Guide, which requires SNMP to report partners’ capital of $2.0 million or more if it has also reported losses from continuing operations and/or net losses in two of its three most recent fiscal years. The receipt of the deficiency letter has no immediate impact on the listing of the Partnership’s common units, which will continue to trade on NYSE American subject to the Partnership’s compliance with other continued listing standards of N...