Sanchez Energy Corporation (SN) Receives Consensus Rating of “Hold” from Analysts

Shares of Sanchez Energy Corporation (NYSE:SN) have earned a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the company, Marketbeat reports. Three 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. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $10.92.

A number of brokerages recently weighed in on SN. Capital One Financial Corporation lowered shares of Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 26th. BidaskClub lowered shares of Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Stifel Nicolaus set a $5.00 price target on shares of Sanchez Energy Corporation and gave the company a “hold” rating in a report on Thursday, October 5th. Seaport Global Securities raised shares of Sanchez Energy Corporation from a “sell” rating to a “neutral” rating and set a $4.50 price target for the company in a report on Wednesday, October 4th. Finally, J P Morgan Chase & Co initiated coverage on shares of Sanchez Energy Corporation in a report on Friday, September 15th. They set a “neutral” rating for the company.

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Shares of Sanchez Energy Corporation (NYSE:SN) opened at $5.00 on Tuesday. The company has a debt-to-equity ratio of -3.72, a quick ratio of 0.88 and a current ratio of 0.88. Sanchez Energy Corporation has a fifty-two week low of $3.58 and a fifty-two week high of $14.39.

In other news, CEO Antonio R. Sanchez III purchased 100,000 shares of Sanchez Energy Corporation stock in a transaction dated Wednesday, September 13th. The shares were bought at an average cost of $4.45 per share, with a total value of $445,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,494,783 shares in the company, valued at approximately $6,651,784.35. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Patricio D. Sanchez purchased 320,000 shares of Sanchez Energy Corporation stock in a transaction dated Friday, September 15th. The shares were purchased at an average cost of $4.55 per share, for a total transaction 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 $2,154,356.75. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 742,000 shares of company stock worth $3,379,220. Insiders own 14.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC lifted its position in Sanchez Energy Corporation by 180.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 21,841 shares of the energy producer’s stock valued at $105,000 after acquiring an additional 14,044 shares in the last quarter. Kalos Management Inc. bought a new stake in Sanchez Energy Corporation in the 3rd quarter valued at $138,000. Legal & General Group Plc lifted its position in Sanchez Energy Corporation by 27.4% in the 1st quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock valued at $165,000 after acquiring an additional 3,733 shares in the last quarter. Capital Fund Management S.A. bought a new stake in Sanchez Energy Corporation in the 2nd quarter valued at $174,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Sanchez Energy Corporation by 6.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 25,400 shares of the energy producer’s stock valued at $182,000 after acquiring an additional 1,650 shares in the last quarter. 69.32% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Sanchez Energy Corporation (NYSE:SN)

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