Sanchez Energy Forecasted to Earn Q1 2018 Earnings of $0.13 Per Share (SN)

Sanchez Energy (NYSE:SN) – Investment analysts at Seaport Global Securities reduced their Q1 2018 earnings per share (EPS) estimates for Sanchez Energy in a report released on Tuesday, April 24th. Seaport Global Securities analyst M. Kelly now anticipates that the energy producer will earn $0.13 per share for the quarter, down from their previous forecast of $0.22. Seaport Global Securities also issued estimates for Sanchez Energy’s Q2 2019 earnings at $0.26 EPS and Q3 2019 earnings at $0.31 EPS.

Sanchez Energy (NYSE:SN) last posted its quarterly earnings results on Monday, February 26th. The energy producer reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.13. The company had revenue of $246.00 million for the quarter, compared to analyst estimates of $229.20 million. During the same period last year, the company earned $0.16 earnings per share. The business’s revenue for the quarter was up 95.7% compared to the same quarter last year.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus set a $3.00 price objective on shares of Sanchez Energy and gave the stock a “hold” rating in a research report on Wednesday, March 28th. SunTrust Banks reiterated a “hold” rating and issued a $4.00 price objective on shares of Sanchez Energy in a research report on Monday, February 26th. Stephens reiterated a “hold” rating and issued a $4.00 price objective on shares of Sanchez Energy in a research report on Tuesday. Northland Securities lowered shares of Sanchez Energy from an “outperform” rating to a “market perform” rating and set a $20.00 price objective on the stock. in a research report on Tuesday, February 27th. Finally, ValuEngine lowered shares of Sanchez Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.30.

NYSE:SN opened at $3.19 on Wednesday. The company has a debt-to-equity ratio of -4.12, a quick ratio of 0.76 and a current ratio of 0.76. Sanchez Energy has a fifty-two week low of $2.78 and a fifty-two week high of $8.45. The firm has a market cap of $258.76, a PE ratio of -9.97 and a beta of 1.75.

A number of large investors have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its holdings in Sanchez Energy by 3,483.5% in the 4th quarter. Millennium Management LLC now owns 2,975,150 shares of the energy producer’s stock valued at $15,798,000 after purchasing an additional 2,892,127 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Sanchez Energy by 44.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,224 shares of the energy producer’s stock valued at $8,804,000 after acquiring an additional 554,240 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Sanchez Energy by 52.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,710,884 shares of the energy producer’s stock valued at $9,085,000 after acquiring an additional 586,756 shares during the last quarter. Penn Capital Management Co. Inc. increased its stake in shares of Sanchez Energy by 81.0% during the 4th quarter. Penn Capital Management Co. Inc. now owns 1,280,826 shares of the energy producer’s stock valued at $6,811,000 after acquiring an additional 573,043 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Sanchez Energy by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 608,621 shares of the energy producer’s stock valued at $3,230,000 after acquiring an additional 19,733 shares during the last quarter. Institutional investors own 56.71% of the company’s stock.

In other Sanchez Energy news, COO Christopher Heinson sold 13,203 shares of the company’s stock in a transaction dated Tuesday, April 17th. The shares were sold at an average price of $3.72, for a total value of $49,115.16. Following the transaction, the chief operating officer now directly owns 639,149 shares in the company, valued at approximately $2,377,634.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Patricio D. Sanchez sold 13,202 shares of the company’s stock in a transaction dated Tuesday, April 17th. The shares were sold at an average price of $3.72, for a total transaction of $49,111.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 141,913 shares of company stock worth $473,257. 14.70% of the stock is owned by insiders.

About Sanchez Energy

Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition and development of U.S. onshore unconventional oil and natural gas resources. It engages in the horizontal development of resources from the Eagle Ford Shale in South Texas. It also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.

Earnings History and Estimates for Sanchez Energy (NYSE:SN)

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