Zacks Investment Research downgraded shares of Sanchez Energy Corp. (NYSE:SN) from a buy rating to a hold rating in a research report released on Tuesday morning.

According to Zacks, “Sanchez Energy Corporation is an independent oil and gas exploration and development company focused on the exploration, acquisition and development of unconventional oil and natural gas resources, primarily in the Eagle Ford Shale in South Texas. Sanchez Energy Corporation is headquartered in Houston, Texas. “

A number of other equities analysts have also recently commented on SN. FBR & Co reaffirmed a buy rating on shares of Sanchez Energy Corp. in a research note on Wednesday, July 20th. National Securities began coverage on shares of Sanchez Energy Corp. in a report on Monday, June 27th. They set a buy rating and a $9.00 price objective for the company. Piper Jaffray Cos. reiterated a neutral rating and set a $8.00 price objective on shares of Sanchez Energy Corp. in a report on Thursday, July 7th. Vetr lowered shares of Sanchez Energy Corp. from a buy rating to a hold rating and set a $9.00 price objective for the company. in a report on Thursday, August 18th. Finally, KLR Group upgraded shares of Sanchez Energy Corp. from a hold rating to a buy rating and lifted their price objective for the company from $8.00 to $9.00 in a report on Monday, July 18th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $8.03.

Shares of Sanchez Energy Corp. (NYSE:SN) opened at 8.38 on Tuesday. Sanchez Energy Corp. has a one year low of $2.06 and a one year high of $9.83. The stock’s market cap is $490.79 million. The firm has a 50-day moving average of $7.98 and a 200-day moving average of $7.21.

Sanchez Energy Corp. (NYSE:SN) last released its quarterly earnings results on Monday, August 8th. The company reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by $3.11. The company had revenue of $111 million for the quarter, compared to analysts’ expectations of $121.61 million. During the same period in the previous year, the company posted ($0.43) earnings per share. On average, equities research analysts expect that Sanchez Energy Corp. will post ($0.18) earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Sanchez Energy Corp. by 28.0% in the second quarter. Vanguard Group Inc. now owns 4,401,736 shares of the company’s stock valued at $31,076,000 after buying an additional 961,712 shares in the last quarter. State Street Corp boosted its position in Sanchez Energy Corp. by 223.8% in the second quarter. State Street Corp now owns 3,104,251 shares of the company’s stock valued at $21,919,000 after buying an additional 2,145,465 shares in the last quarter. Allianz Asset Management AG boosted its position in Sanchez Energy Corp. by 6.7% in the second quarter. Allianz Asset Management AG now owns 1,752,600 shares of the company’s stock valued at $12,374,000 after buying an additional 110,415 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Sanchez Energy Corp. by 1.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,423,083 shares of the company’s stock valued at $10,047,000 after buying an additional 20,304 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in Sanchez Energy Corp. by 1.9% in the second quarter. BlackRock Fund Advisors now owns 1,301,245 shares of the company’s stock valued at $9,187,000 after buying an additional 24,502 shares in the last quarter. Hedge funds and other institutional investors own 59.55% of the company’s stock.

About Sanchez Energy Corp.

Sanchez Energy Corporation is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the onshore United States Gulf Coast. The Company focuses on the Eagle Ford Shale in South Texas and the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.

5 Day Chart for NYSE:SN

Get a free copy of the Zacks research report on Sanchez Energy Corp. (SN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Sanchez Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanchez Energy Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.