Brokerages forecast that Sanchez Energy Corporation (NYSE:SN) will report $0.11 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Sanchez Energy Corporation’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.02. Sanchez Energy Corporation reported earnings per share of $0.13 during the same quarter last year, which would indicate a negative year-over-year growth rate of 15.4%. The company is expected to issue its next quarterly earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that Sanchez Energy Corporation will report full-year earnings of ($0.81) per share for the current year, with EPS estimates ranging from ($1.00) to ($0.54). For the next year, analysts anticipate that the business will report earnings of $0.45 per share, with EPS estimates ranging from $0.00 to $1.15. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Sanchez Energy Corporation.
Several brokerages recently weighed in on SN. BMO Capital Markets set a $5.00 price objective on shares of Sanchez Energy Corporation and gave the company a “hold” rating in a research report on Tuesday. Piper Jaffray Companies reaffirmed a “hold” rating and set a $6.00 price objective on shares of Sanchez Energy Corporation in a research report on Sunday, October 22nd. Zacks Investment Research lowered shares of Sanchez Energy Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $5.00 price objective on shares of Sanchez Energy Corporation in a research report on Friday, October 20th. Finally, Stifel Nicolaus set a $5.00 price objective on shares of Sanchez Energy Corporation and gave the company a “hold” rating in a research report on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Sanchez Energy Corporation currently has a consensus rating of “Hold” and an average price target of $10.44.
In related news, insider Patricio D. Sanchez bought 320,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average price of $4.55 per share, with a total value of $1,456,000.00. Following the completion of the transaction, the insider now owns 473,485 shares of the company’s stock, valued at approximately $2,154,356.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Howard J. Sr Thill, Sr. sold 16,499 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $4.27, for a total transaction of $70,450.73. The disclosure for this sale can be found here. Insiders have purchased 742,000 shares of company stock worth $3,379,220 in the last ninety days. 14.70% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in SN. UBS Asset Management Americas Inc. increased its position in Sanchez Energy Corporation by 60.5% during the first quarter. UBS Asset Management Americas Inc. now owns 36,763 shares of the energy producer’s stock worth $351,000 after acquiring an additional 13,864 shares during the period. Prudential Financial Inc. acquired a new stake in Sanchez Energy Corporation during the first quarter worth $553,000. FMR LLC acquired a new stake in Sanchez Energy Corporation during the first quarter worth $941,000. Teachers Advisors LLC boosted its stake in Sanchez Energy Corporation by 28.7% during the first quarter. Teachers Advisors LLC now owns 120,207 shares of the energy producer’s stock worth $1,147,000 after buying an additional 26,812 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Sanchez Energy Corporation by 27.4% during the first quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock worth $165,000 after buying an additional 3,733 shares in the last quarter. 67.54% of the stock is currently owned by institutional investors and hedge funds.
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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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