Sanchez Energy Corporation (NYSE:SN) Downgraded to “Underweight” at Capital One Financial Corporation
Capital One Financial Corporation lowered shares of Sanchez Energy Corporation (NYSE:SN) from an equal weight rating to an underweight rating in a research report report published on Wednesday morning. Capital One Financial Corporation also issued estimates for Sanchez Energy Corporation’s Q4 2017 earnings at $0.51 EPS.
A number of other equities analysts also recently issued reports on SN. Royal Bank Of Canada set a $13.00 price objective on Sanchez Energy Corporation and gave the stock a buy rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded Sanchez Energy Corporation from a strong sell rating to a hold rating in a research report on Thursday, July 13th. BidaskClub downgraded Sanchez Energy Corporation from a sell rating to a strong sell rating in a report on Tuesday, July 25th. Credit Suisse Group reiterated a hold rating and issued a $11.00 target price on shares of Sanchez Energy Corporation in a report on Friday, March 31st. Finally, Seaport Global Securities downgraded Sanchez Energy Corporation from a buy rating to a sell rating and lowered their target price for the stock from $15.00 to $5.00 in a report on Wednesday, June 21st. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Sanchez Energy Corporation presently has an average rating of Hold and an average target price of $12.35.
Sanchez Energy Corporation (NYSE:SN) opened at 5.57 on Wednesday. Sanchez Energy Corporation has a 52-week low of $5.25 and a 52-week high of $14.39. The firm’s market capitalization is $422.93 million. The stock’s 50 day moving average price is $6.59 and its 200 day moving average price is $8.88.
Sanchez Energy Corporation (NYSE:SN) last issued its quarterly earnings data on Tuesday, May 9th. The energy producer reported ($1.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.84. The firm had revenue of $133.80 million during the quarter, compared to the consensus estimate of $128.68 million. During the same period last year, the business earned ($0.30) EPS. Sanchez Energy Corporation’s revenue was up 67.7% compared to the same quarter last year. On average, equities analysts anticipate that Sanchez Energy Corporation will post ($0.27) earnings per share for the current fiscal year.
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In other Sanchez Energy Corporation news, VP Christopher Heinson sold 22,730 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $7.68, for a total value of $174,566.40. Following the completion of the sale, the vice president now owns 598,925 shares of the company’s stock, valued at $4,599,744. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Brian Carney sold 10,204 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $6.19, for a total value of $63,162.76. Following the completion of the sale, the director now directly owns 68,423 shares of the company’s stock, valued at approximately $423,538.37. The disclosure for this sale can be found here. Company insiders own 14.70% of the company’s stock.
A number of large investors have recently made changes to their positions in SN. Virginia Retirement Systems ET AL purchased a new stake in shares of Sanchez Energy Corporation during the first quarter worth approximately $105,000. Mackay Shields LLC boosted its stake in shares of Sanchez Energy Corporation by 25.4% in the second quarter. Mackay Shields LLC now owns 16,611 shares of the energy producer’s stock worth $119,000 after buying an additional 3,362 shares during the period. ClariVest Asset Management LLC purchased a new stake in shares of Sanchez Energy Corporation during the first quarter worth approximately $120,000. 361 Capital LLC purchased a new stake in shares of Sanchez Energy Corporation during the first quarter worth approximately $129,000. Finally, Legal & General Group Plc boosted its stake in shares of Sanchez Energy Corporation by 27.4% in the first quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock worth $165,000 after buying an additional 3,733 shares during the period. 75.69% of the stock is owned by hedge funds and other institutional investors.
Sanchez Energy Corporation Company 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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