Sanchez Energy Corporation (NYSE:SN) has been assigned a $5.00 target price by research analysts at BMO Capital Markets in a note issued to investors on Tuesday. The brokerage presently has a “hold” rating on the energy producer’s stock. BMO Capital Markets’ price target indicates a potential upside of 13.90% from the company’s current price.
A number of other research firms have also recently issued reports on SN. Seaport Global Securities raised Sanchez Energy Corporation from a “sell” rating to a “neutral” rating and set a $4.50 target price for the company in a research note on Wednesday, October 4th. Piper Jaffray Companies reissued a “neutral” rating and issued a $6.00 target price (down from $14.00) on shares of Sanchez Energy Corporation in a research note on Monday, September 18th. Royal Bank Of Canada set a $13.00 price objective on Sanchez Energy Corporation and gave the stock a “buy” rating in a research report on Saturday, June 24th. BidaskClub cut Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research raised Sanchez Energy Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 13th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Sanchez Energy Corporation currently has an average rating of “Hold” and a consensus price target of $11.45.
Shares of Sanchez Energy Corporation (SN) opened at 4.39 on Tuesday. Sanchez Energy Corporation has a 52 week low of $3.96 and a 52 week high of $14.39. The company has a 50-day moving average price of $4.53 and a 200 day moving average price of $6.30. The stock’s market capitalization is $336.47 million.
Sanchez Energy Corporation (NYSE:SN) last posted its earnings results on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.18). The business had revenue of $175.70 million during the quarter, compared to analysts’ expectations of $178.97 million. During the same period last year, the firm posted ($3.20) earnings per share. The company’s revenue for the quarter was up 58.3% on a year-over-year basis. Analysts forecast that Sanchez Energy Corporation will post ($0.88) earnings per share for the current fiscal year.
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In related news, CAO Kirsten A. Hink sold 36,088 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $5.04, for a total transaction of $181,883.52. Following the sale, the chief accounting officer now owns 178,390 shares in the company, valued at $899,085.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Patricio D. Sanchez bought 222,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average price of $4.51 per share, for a total transaction of $1,001,220.00. Following the acquisition, the executive vice president now directly owns 473,485 shares of the company’s stock, valued at approximately $2,135,417.35. The disclosure for this purchase can be found here. Insiders have purchased 742,000 shares of company stock worth $3,379,220 in the last quarter. 14.70% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Sanchez Energy Corporation by 4.9% during the second quarter. Vanguard Group Inc. now owns 12,127,552 shares of the energy producer’s stock worth $87,076,000 after acquiring an additional 569,664 shares in the last quarter. State Street Corp raised its holdings in Sanchez Energy Corporation by 50.0% during the second quarter. State Street Corp now owns 7,343,314 shares of the energy producer’s stock worth $52,727,000 after acquiring an additional 2,446,795 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Sanchez Energy Corporation during the second quarter worth about $32,388,000. Blackstone Group L.P. bought a new stake in Sanchez Energy Corporation during the first quarter worth about $18,651,000. Finally, Schroder Investment Management Group raised its holdings in Sanchez Energy Corporation by 44.8% during the second quarter. Schroder Investment Management Group now owns 1,894,000 shares of the energy producer’s stock worth $13,504,000 after acquiring an additional 586,040 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.
Sanchez Energy Corporation 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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