An issue of Sanchez Energy Corporation (NYSE:SN) bonds rose 1.8% as a percentage of their face value during trading on Friday. The high-yield debt issue has a 6.125% coupon and will mature on January 15, 2023. The bonds in the issue are now trading at $86.50 and were trading at $83.50 one week ago. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

Several equities analysts have recently commented on SN shares. Capital One Financial Corporation lowered Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 26th. BidaskClub lowered Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Sanchez Energy Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 13th. Royal Bank Of Canada reiterated a “buy” rating and set a $10.00 price objective on shares of Sanchez Energy Corporation in a research report on Thursday, July 20th. Finally, J P Morgan Chase & Co started coverage on Sanchez Energy Corporation in a research report on Friday, September 15th. They set a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Sanchez Energy Corporation currently has an average rating of “Hold” and an average target price of $10.44.

Sanchez Energy Corporation (NYSE:SN) traded up $0.29 on Friday, hitting $4.63. The stock had a trading volume of 5,221,276 shares, compared to its average volume of 3,141,339. The company has a debt-to-equity ratio of -4.23, a current ratio of 1.00 and a quick ratio of 1.00.

Sanchez Energy Corporation (NYSE:SN) last announced its quarterly earnings results on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.18). The business had revenue of $175.70 million for the quarter, compared to analysts’ expectations of $178.97 million. Sanchez Energy Corporation’s revenue for the quarter was up 58.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($3.20) earnings per share. analysts expect that Sanchez Energy Corporation will post -1.16 earnings per share for the current year.

In related news, EVP Patricio D. Sanchez acquired 222,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were purchased at an average price of $4.51 per share, with a total value of $1,001,220.00. Following the acquisition, the executive vice president now directly owns 473,485 shares in the company, valued at $2,135,417.35. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Antonio R. Sanchez III acquired 100,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were bought at an average cost of $4.45 per share, for a total transaction of $445,000.00. Following the acquisition, the chief executive officer now owns 1,494,783 shares in the company, valued at $6,651,784.35. The disclosure for this purchase can be found here. Insiders acquired a total of 742,000 shares of company stock worth $3,379,220 in the last three months. Insiders own 14.70% of the company’s stock.

Several large investors have recently made changes to their positions in SN. Bank of New York Mellon Corp raised its position in shares of Sanchez Energy Corporation by 36.0% in the 1st quarter. Bank of New York Mellon Corp now owns 459,413 shares of the energy producer’s stock valued at $4,384,000 after acquiring an additional 121,547 shares during the period. UBS Asset Management Americas Inc. raised its holdings in Sanchez Energy Corporation by 60.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 36,763 shares of the energy producer’s stock worth $351,000 after buying an additional 13,864 shares during the period. Prudential Financial Inc. acquired a new stake in Sanchez Energy Corporation during the 1st quarter worth approximately $553,000. American International Group Inc. raised its holdings in Sanchez Energy Corporation by 27.6% during the 1st quarter. American International Group Inc. now owns 41,016 shares of the energy producer’s stock worth $391,000 after buying an additional 8,875 shares during the period. Finally, FMR LLC acquired a new stake in Sanchez Energy Corporation during the 1st quarter worth approximately $941,000. Institutional investors and hedge funds own 69.81% 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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