Sanchez Energy Corp (NYSE:SN) CAO Kirsten A. Hink sold 4,129 shares of the company’s stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $8.31, for a total value of $34,311.99. Following the completion of the sale, the chief accounting officer now owns 205,844 shares in the company, valued at approximately $1,710,563.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Sanchez Energy Corp (NYSE:SN) traded up 0.27% during trading on Friday, hitting $7.55. The stock had a trading volume of 3,228,606 shares. Sanchez Energy Corp has a 52-week low of $5.64 and a 52-week high of $14.39. The company’s 50 day moving average is $9.54 and its 200 day moving average is $9.53. The firm’s market cap is $450.20 million.
Sanchez Energy Corp (NYSE:SN) last posted its earnings results on Wednesday, February 22nd. The energy producer reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.06. The firm had revenue of $126 million for the quarter, compared to analysts’ expectations of $139.07 million. During the same period in the previous year, the company earned $0.04 earnings per share. The company’s revenue was up 14.8% compared to the same quarter last year. Equities research analysts forecast that Sanchez Energy Corp will post $0.62 earnings per share for the current year.
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Several large investors have recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in Sanchez Energy Corp by 13.6% in the fourth quarter. Franklin Resources Inc. now owns 175,044 shares of the energy producer’s stock worth $1,581,000 after buying an additional 20,919 shares in the last quarter. Bogle Investment Management L P DE acquired a new stake in Sanchez Energy Corp during the fourth quarter worth $5,248,000. State Street Corp increased its stake in Sanchez Energy Corp by 5.2% in the fourth quarter. State Street Corp now owns 3,357,476 shares of the energy producer’s stock worth $30,321,000 after buying an additional 165,627 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Sanchez Energy Corp by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 1,060,800 shares of the energy producer’s stock worth $9,378,000 after buying an additional 14,336 shares in the last quarter. Finally, Oxford Asset Management acquired a new stake in Sanchez Energy Corp during the fourth quarter worth $1,081,000. 60.56% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded Sanchez Energy Corp from a “hold” rating to a “sell” rating in a research note on Friday, April 14th. Credit Suisse Group AG restated a “hold” rating and issued a $11.00 price target on shares of Sanchez Energy Corp in a research note on Friday, March 31st. FBR & Co cut their price target on Sanchez Energy Corp from $18.00 to $15.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 15th. KLR Group reiterated a “buy” rating and set a $18.00 target price (up from $17.00) on shares of Sanchez Energy Corp in a research note on Thursday, February 23rd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $17.50 target price on shares of Sanchez Energy Corp in a research note on Monday, February 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $14.61.
Sanchez Energy Corp Company Profile
Sanchez Energy Corporation is an independent exploration and production company. The Company is focused on the acquisition and development of the United States onshore unconventional oil and natural gas resources. The Company primarily focuses on the Eagle Ford Shale in South Texas. The Company also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.
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