Media stories about Sanchez Energy Corp (NYSE:SN) have trended somewhat positive on Sunday, according to AlphaOne Sentiment. The research firm, a unit of Accern, identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sanchez Energy Corp earned a media sentiment score of 0.23 on AlphaOne’s scale. AlphaOne also gave media headlines about the energy producer an impact score of 87 out of 100, indicating that recent news coverage is very likely to have an impact on the company’s share price in the near term.
Sanchez Energy Corp (NYSE:SN) traded down 6.64% during trading on Friday, reaching $6.19. 6,615,378 shares of the company’s stock traded hands. The firm’s 50 day moving average is $7.68 and its 200 day moving average is $9.51. The company’s market cap is $470.01 million. Sanchez Energy Corp has a 12 month low of $5.64 and a 12 month high of $14.39.
Sanchez Energy Corp (NYSE:SN) last posted its earnings results on Tuesday, May 9th. The energy producer reported ($1.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.84. The business had revenue of $133.80 million for the quarter, compared to the consensus estimate of $128.68 million. The business’s revenue for the quarter was up 67.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.30) EPS. Analysts anticipate that Sanchez Energy Corp will post $0.04 EPS for the current year.
Several research firms have issued reports on SN. FBR & Co dropped their price target on Sanchez Energy Corp from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Wednesday, March 15th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $9.00 price target (down previously from $11.00) on shares of Sanchez Energy Corp in a report on Thursday, April 27th. KLR Group reaffirmed a “buy” rating and issued a $18.00 price target (up previously from $17.00) on shares of Sanchez Energy Corp in a report on Thursday, February 23rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $14.00 price target (up previously from $10.00) on shares of Sanchez Energy Corp in a report on Monday, February 6th. Finally, Royal Bank of Canada set a $14.00 price target on Sanchez Energy Corp and gave the company a “buy” rating in a report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Sanchez Energy Corp currently has a consensus rating of “Buy” and an average target price of $14.19.
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In other Sanchez Energy Corp news, CAO Kirsten A. Hink sold 4,129 shares of the stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $8.31, for a total value of $34,311.99. Following the sale, the chief accounting officer now directly owns 205,844 shares in the company, valued at $1,710,563.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Greg Colvin bought 20,000 shares of the business’s stock in a transaction on Friday, May 19th. The stock was purchased at an average price of $6.75 per share, for a total transaction of $135,000.00. Following the completion of the acquisition, the director now owns 92,151 shares of the company’s stock, valued at approximately $622,019.25. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 62,029 shares of company stock worth $501,141. Company insiders own 15.32% of the company’s stock.
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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