Sanchez Energy Corp (SN) Expected to Post Quarterly Sales of $269.25 Million

Wall Street brokerages predict that Sanchez Energy Corp (NYSE:SN) will post sales of $269.25 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Sanchez Energy’s earnings. The highest sales estimate is $307.00 million and the lowest is $223.00 million. Sanchez Energy reported sales of $245.98 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.5%. The firm is expected to report its next earnings report on Monday, February 25th.

According to Zacks, analysts expect that Sanchez Energy will report full year sales of $1.04 billion for the current financial year, with estimates ranging from $997.96 million to $1.10 billion. For the next year, analysts anticipate that the firm will report sales of $1.05 billion, with estimates ranging from $984.80 million to $1.17 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Sanchez Energy.

Sanchez Energy (NYSE:SN) last released its earnings results on Thursday, November 1st. The energy producer reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.14). The firm had revenue of $277.71 million for the quarter, compared to analyst estimates of $255.06 million. Sanchez Energy had a negative return on equity of 8.96% and a negative net margin of 9.24%. The firm’s revenue was up 50.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS.

Several research analysts have recently issued reports on the stock. SunTrust Banks set a $4.00 price objective on shares of Sanchez Energy and gave the stock a “hold” rating in a report on Wednesday, August 8th. BMO Capital Markets restated a “hold” rating and set a $4.00 price objective on shares of Sanchez Energy in a report on Monday, August 13th. Northland Securities restated a “hold” rating and set a $3.00 price objective on shares of Sanchez Energy in a report on Thursday, August 9th. Royal Bank of Canada downgraded shares of Sanchez Energy from an “outperform” rating to a “sector perform” rating and set a $7.00 price objective on the stock. in a report on Wednesday, August 8th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $3.00 price objective on shares of Sanchez Energy in a report on Thursday, August 30th. Two investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. Sanchez Energy presently has an average rating of “Hold” and a consensus price target of $3.31.

In related news, CFO Howard J. Sr Thill, Sr. sold 21,877 shares of the company’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $2.46, for a total value of $53,817.42. Following the sale, the chief financial officer now owns 348,373 shares of the company’s stock, valued at $856,997.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 14.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of SN. Allianz Asset Management GmbH grew its stake in Sanchez Energy by 1,299.0% during the first quarter. Allianz Asset Management GmbH now owns 3,000,000 shares of the energy producer’s stock worth $9,390,000 after buying an additional 2,785,563 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Sanchez Energy by 196.1% during the first quarter. Dynamic Technology Lab Private Ltd now owns 68,913 shares of the energy producer’s stock worth $215,000 after purchasing an additional 45,638 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Sanchez Energy by 103.3% during the second quarter. Fisher Asset Management LLC now owns 388,554 shares of the energy producer’s stock worth $1,756,000 after purchasing an additional 197,446 shares in the last quarter. Sippican Capital Advisors lifted its position in shares of Sanchez Energy by 1,572.2% during the second quarter. Sippican Capital Advisors now owns 183,945 shares of the energy producer’s stock worth $831,000 after purchasing an additional 172,945 shares in the last quarter. Finally, Price Capital Management Inc. acquired a new position in shares of Sanchez Energy during the second quarter worth approximately $797,000. 48.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:SN traded down $0.27 on Tuesday, hitting $1.11. 8,728,928 shares of the company were exchanged, compared to its average volume of 3,312,218. Sanchez Energy has a one year low of $1.02 and a one year high of $6.19. The company has a market cap of $138.31 million, a price-to-earnings ratio of -3.47 and a beta of 1.86.

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.

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

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