$231.18 Million in Sales Expected for Sanchez Energy Corp (SN) This Quarter
Wall Street analysts expect Sanchez Energy Corp (NYSE:SN) to announce $231.18 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Sanchez Energy’s earnings. The lowest sales estimate is $217.00 million and the highest is $236.00 million. Sanchez Energy reported sales of $125.74 million in the same quarter last year, which indicates a positive year-over-year growth rate of 83.9%. The business is expected to announce its next earnings report before the market opens on Wednesday, February 28th.
On average, analysts expect that Sanchez Energy will report full year sales of $231.18 million for the current financial year, with estimates ranging from $712.00 million to $731.51 million. For the next fiscal year, analysts expect that the company will report sales of $1.02 billion per share, with estimates ranging from $982.00 million to $1.10 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Sanchez Energy.
SN has been the subject of a number of research analyst reports. SunTrust Banks reaffirmed a “hold” rating and issued a $5.00 price target on shares of Sanchez Energy in a report on Friday, October 20th. Zacks Investment Research downgraded Sanchez Energy from a “buy” rating to a “hold” rating in a report on Saturday, October 21st. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $6.00 price target on shares of Sanchez Energy in a report on Sunday, October 22nd. BMO Capital Markets set a $5.00 price target on Sanchez Energy and gave the company a “hold” rating in a report on Tuesday, November 14th. Finally, Northland Securities set a $6.00 price target on Sanchez Energy and gave the company a “buy” rating in a report on Monday, December 11th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.77.
Institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC raised its stake in shares of Sanchez Energy by 180.1% during the third quarter. Cubist Systematic Strategies LLC now owns 21,841 shares of the energy producer’s stock worth $105,000 after purchasing an additional 14,044 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Sanchez Energy during the fourth quarter worth approximately $131,000. IFP Advisors Inc raised its stake in shares of Sanchez Energy by 71.9% during the fourth quarter. IFP Advisors Inc now owns 26,350 shares of the energy producer’s stock worth $140,000 after purchasing an additional 11,025 shares during the last quarter. Kalos Management Inc. purchased a new stake in shares of Sanchez Energy during the third quarter worth approximately $138,000. Finally, Voya Investment Management LLC raised its stake in shares of Sanchez Energy by 16.8% during the second quarter. Voya Investment Management LLC now owns 33,214 shares of the energy producer’s stock worth $238,000 after purchasing an additional 4,770 shares during the last quarter. Institutional investors and hedge funds own 59.37% of the company’s stock.
Shares of Sanchez Energy (NYSE SN) traded down $0.24 on Wednesday, reaching $3.51. The company had a trading volume of 5,116,296 shares, compared to its average volume of 3,440,000. The company has a debt-to-equity ratio of -3.72, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $295.29, a P/E ratio of 12.54 and a beta of 1.54. Sanchez Energy has a 52-week low of $3.38 and a 52-week high of $12.08.
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About Sanchez Energy
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.
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