An issue of Sanchez Energy Corporation (NYSE:SN) bonds fell 1% as a percentage of their face value during trading on Monday. The debt issue has a 6.125% coupon and will mature on January 15, 2023. The bonds in the issue are now trading at $77.00 and were trading at $77.25 one week ago. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its share price.

A number of equities research analysts have weighed in on SN shares. Royal Bank Of Canada set a $13.00 target price on shares of Sanchez Energy Corporation and gave the company a “buy” rating in a research note on Saturday, June 24th. KLR Group reiterated a “buy” rating and set a $10.00 target price (down from $12.00) on shares of Sanchez Energy Corporation in a research note on Wednesday, May 17th. Zacks Investment Research upgraded shares of Sanchez Energy Corporation from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 13th. BMO Capital Markets reiterated a “hold” rating and set a $5.00 target price on shares of Sanchez Energy Corporation in a research note on Tuesday, June 27th. Finally, Seaport Global Securities lowered shares of Sanchez Energy Corporation from a “buy” rating to a “sell” rating and decreased their target price for the company from $15.00 to $5.00 in a research note on Wednesday, June 21st. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.63.

Sanchez Energy Corporation (SN) traded down 4.15% during midday trading on Monday, hitting $4.16. The stock had a trading volume of 2,223,849 shares. The firm has a 50-day moving average of $5.42 and a 200 day moving average of $7.81. Sanchez Energy Corporation has a 52-week low of $4.08 and a 52-week high of $14.39. The firm’s market capitalization is $318.84 million.

Sanchez Energy Corporation (NYSE:SN) last announced its quarterly earnings data on Wednesday, August 9th. The energy producer reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.18. The business had revenue of $175.70 million for the quarter, compared to the consensus estimate of $178.97 million. The business’s revenue was up 58.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($3.20) EPS. On average, equities analysts forecast that Sanchez Energy Corporation will post ($0.84) EPS for the current year.

In other news, Director Thomas Brian Carney sold 10,204 shares of the stock in a transaction dated 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 transaction, the director now owns 68,423 shares in the company, valued at approximately $423,538.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Kirsten A. Hink sold 36,088 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $5.04, for a total transaction of $181,883.52. Following the completion of the transaction, the chief accounting officer now owns 178,390 shares of the company’s stock, valued at approximately $899,085.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,926 shares of company stock valued at $438,989. 14.70% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Virginia Retirement Systems ET AL bought a new position in shares of Sanchez Energy Corporation during the first quarter worth about $105,000. Mackay Shields LLC increased its position 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 in the last quarter. ClariVest Asset Management LLC bought a new position in shares of Sanchez Energy Corporation during the first quarter worth about $120,000. 361 Capital LLC bought a new position in shares of Sanchez Energy Corporation during the first quarter worth about $129,000. Finally, Legal & General Group Plc increased its position 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 in the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

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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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