Sanchez Energy Corp (SN) Expected to Post Earnings of -$0.01 Per Share

Analysts predict that Sanchez Energy Corp (NYSE:SN) will announce ($0.01) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Sanchez Energy’s earnings. The lowest EPS estimate is ($0.17) and the highest is $0.09. Sanchez Energy posted earnings of ($0.12) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 91.7%. The firm is expected to report its next earnings results on Thursday, November 1st.

On average, analysts expect that Sanchez Energy will report full-year earnings of ($0.32) per share for the current year, with EPS estimates ranging from ($0.70) to ($0.11). For the next fiscal year, analysts expect that the business will report earnings of $0.73 per share, with EPS estimates ranging from ($0.08) to $1.28. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Sanchez Energy.

Sanchez Energy (NYSE:SN) last announced its quarterly earnings results on Tuesday, August 7th. The energy producer reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.33). The firm had revenue of $259.31 million for the quarter, compared to analysts’ expectations of $252.49 million. Sanchez Energy had a negative net margin of 15.50% and a negative return on equity of 8.74%.

SN has been the topic of several research reports. ValuEngine lowered Sanchez Energy from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Capital One Financial reaffirmed an “underweight” rating on shares of Sanchez Energy in a research report on Tuesday, August 7th. Royal Bank of Canada downgraded Sanchez Energy from an “outperform” rating to a “sector perform” rating and set a $7.00 price objective on the stock. in a research report on Wednesday, August 8th. SunTrust Banks set a $4.00 price objective on Sanchez Energy and gave the company a “hold” rating in a research report on Wednesday, August 8th. Finally, Northland Securities reaffirmed a “hold” rating and set a $3.00 price objective on shares of Sanchez Energy in a research report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $4.13.

Shares of Sanchez Energy stock traded down $0.09 during trading on Wednesday, hitting $2.41. 25,667 shares of the stock traded hands, compared to its average volume of 3,341,346. The firm has a market cap of $201.11 million, a P/E ratio of -7.72 and a beta of 1.69. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of -4.55. Sanchez Energy has a 52-week low of $2.26 and a 52-week high of $6.19.

In related news, CAO Kirsten A. Hink sold 8,486 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $4.41, for a total transaction of $37,423.26. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 11.12% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of SN. Wells Fargo & Company MN boosted its holdings in Sanchez Energy by 13.0% in the first quarter. Wells Fargo & Company MN now owns 1,933,400 shares of the energy producer’s stock worth $6,052,000 after acquiring an additional 222,516 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Sanchez Energy by 6.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 385,443 shares of the energy producer’s stock worth $1,207,000 after acquiring an additional 24,309 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Sanchez Energy by 28.2% in the first quarter. JPMorgan Chase & Co. now owns 1,360,230 shares of the energy producer’s stock worth $4,258,000 after acquiring an additional 299,032 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Sanchez Energy by 1,299.0% in the first quarter. Allianz Asset Management GmbH now owns 3,000,000 shares of the energy producer’s stock worth $9,390,000 after acquiring an additional 2,785,563 shares in the last quarter. Finally, Saba Capital Management L.P. acquired a new stake in Sanchez Energy in the first quarter worth about $2,033,000. 47.98% of the stock is owned by institutional investors and hedge funds.

Sanchez Energy Company Profile

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.

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

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