Cubist Systematic Strategies LLC Acquires 14,044 Shares of Sanchez Energy Corp (SN)
Cubist Systematic Strategies LLC grew its holdings in Sanchez Energy Corp (NYSE:SN) by 180.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,841 shares of the energy producer’s stock after buying an additional 14,044 shares during the period. Cubist Systematic Strategies LLC’s holdings in Sanchez Energy were worth $105,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Sanchez Energy by 4.9% in the second quarter. Vanguard Group Inc. now owns 12,127,552 shares of the energy producer’s stock valued at $87,076,000 after buying an additional 569,664 shares during the last quarter. State Street Corp raised its position in shares of Sanchez Energy by 50.0% in the second quarter. State Street Corp now owns 7,343,314 shares of the energy producer’s stock valued at $52,727,000 after buying an additional 2,446,795 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Sanchez Energy in the second quarter valued at about $32,388,000. JPMorgan Chase & Co. raised its position in shares of Sanchez Energy by 44.9% in the third quarter. JPMorgan Chase & Co. now owns 1,789,224 shares of the energy producer’s stock valued at $8,804,000 after buying an additional 554,240 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Sanchez Energy by 92.9% in the second quarter. Janus Henderson Group PLC now owns 919,011 shares of the energy producer’s stock valued at $6,598,000 after buying an additional 442,499 shares during the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.
Shares of Sanchez Energy Corp (NYSE SN) opened at $5.99 on Monday. The company has a debt-to-equity ratio of -3.72, a current ratio of 0.88 and a quick ratio of 0.88. Sanchez Energy Corp has a 1-year low of $3.58 and a 1-year high of $14.39. The stock has a market cap of $503.93, a PE ratio of 119.80 and a beta of 1.72.
Sanchez Energy (NYSE:SN) last announced its quarterly earnings data on Thursday, November 2nd. The energy producer reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.07. research analysts expect that Sanchez Energy Corp will post -0.99 EPS for the current fiscal year.
A number of brokerages have recently commented on SN. Zacks Investment Research cut shares of Sanchez Energy from a “buy” rating to a “hold” rating in a research report on Saturday. Piper Jaffray Companies reiterated a “hold” rating and issued a $8.00 target price on shares of Sanchez Energy in a research report on Tuesday, January 9th. SunTrust Banks reiterated a “hold” rating and issued a $5.00 target price on shares of Sanchez Energy in a research report on Friday, October 20th. BMO Capital Markets set a $5.00 price objective on shares of Sanchez Energy and gave the company a “hold” rating in a report on Tuesday, November 14th. Finally, Seaport Global Securities raised shares of Sanchez Energy from a “sell” rating to a “neutral” rating and set a $4.50 price objective for the company in a report on Wednesday, October 4th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.62.
In other Sanchez Energy news, CAO Kirsten A. Hink sold 9,949 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $5.22, for a total transaction of $51,933.78. Following the completion of the transaction, the chief accounting officer now owns 157,261 shares of the company’s stock, valued at $820,902.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Gregory B. Kopel sold 7,960 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $5.61, for a total transaction of $44,655.60. Following the transaction, the vice president now directly owns 109,488 shares of the company’s stock, valued at approximately $614,227.68. The disclosure for this sale can be found here. Insiders sold 605,022 shares of company stock valued at $2,880,942 in the last three months. 14.70% of the stock is currently owned by insiders.
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Sanchez Energy Profile
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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