Sanchez Energy Corporation Sees Unusually Large Options Volume (SN)

Sanchez Energy Corporation (NYSE:SN) saw some unusual options trading activity on Tuesday. Stock investors acquired 11,044 put options on the company. This is an increase of 473% compared to the typical volume of 1,929 put options.

A number of research firms have commented on SN. Zacks Investment Research lowered shares of Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Capital One Financial Corporation lowered shares of Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 26th. Seaport Global Securities lowered shares of Sanchez Energy Corporation from a “buy” rating to a “sell” rating and reduced their price objective for the company from $15.00 to $5.00 in a research note on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $10.00 price objective on shares of Sanchez Energy Corporation in a research note on Thursday, July 20th. Finally, BidaskClub lowered shares of Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. Sanchez Energy Corporation currently has an average rating of “Hold” and a consensus target price of $12.35.

Sanchez Energy Corporation (SN) opened at 4.88 on Friday. The firm’s market cap is $374.02 million. Sanchez Energy Corporation has a one year low of $4.38 and a one year high of $14.39. The stock has a 50 day moving average price of $5.78 and a 200-day moving average price of $8.18.

Sanchez Energy Corporation (NYSE:SN) last released its quarterly earnings data on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.18. The firm had revenue of $175.70 million during the quarter, compared to analyst estimates of $178.97 million. During the same quarter in the previous year, the business earned ($3.20) EPS. Sanchez Energy Corporation’s quarterly revenue was up 58.3% compared to the same quarter last year. Analysts predict that Sanchez Energy Corporation will post ($0.76) EPS for the current fiscal year.

In other Sanchez Energy Corporation news, VP Kirsten A. Hink sold 38,634 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $5.02, for a total value of $193,942.68. Following the completion of the sale, the vice president now directly owns 178,390 shares of the company’s stock, valued at approximately $895,517.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas Brian Carney sold 10,204 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $6.19, for a total transaction of $63,162.76. Following the completion of the sale, the director now directly owns 68,423 shares of the company’s stock, valued at $423,538.37. The disclosure for this sale can be found here. Insiders sold a total of 84,926 shares of company stock valued at $438,989 over the last three months. 14.70% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in SN. Guggenheim Capital LLC acquired a new position in Sanchez Energy Corporation during the fourth quarter valued at $260,000. AQR Capital Management LLC boosted its position in Sanchez Energy Corporation by 215.0% in the fourth quarter. AQR Capital Management LLC now owns 41,209 shares of the energy producer’s stock valued at $372,000 after buying an additional 28,125 shares during the period. Norges Bank acquired a new position in Sanchez Energy Corporation during the fourth quarter valued at $2,528,000. Teachers Advisors LLC boosted its position in Sanchez Energy Corporation by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 93,395 shares of the energy producer’s stock valued at $843,000 after buying an additional 2,646 shares during the period. Finally, Fox Run Management L.L.C. boosted its position in Sanchez Energy Corporation by 34.7% in the first quarter. Fox Run Management L.L.C. now owns 37,300 shares of the energy producer’s stock valued at $356,000 after buying an additional 9,600 shares during the period. Institutional investors and hedge funds own 76.52% of the company’s stock.

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About Sanchez Energy Corporation

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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