Sanchez Energy Corporation (SN) Given Average Rating of “Hold” by Brokerages
Sanchez Energy Corporation (NYSE:SN) has earned an average recommendation of “Hold” from the sixteen analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $11.86.
SN has been the subject of several recent research reports. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $6.00 price objective (down from $14.00) on shares of Sanchez Energy Corporation in a research report on Monday, September 18th. J P Morgan Chase & Co started coverage on Sanchez Energy Corporation in a research report on Friday, September 15th. They issued a “neutral” rating on the stock. ValuEngine lowered Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Capital One Financial Corporation cut Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 26th. Finally, BidaskClub cut Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.
Shares of Sanchez Energy Corporation (SN) opened at 4.82 on Monday. The company has a 50 day moving average price of $4.57 and a 200 day moving average price of $6.87. Sanchez Energy Corporation has a 52 week low of $3.96 and a 52 week high of $14.39. The company’s market cap is $369.42 million.
Sanchez Energy Corporation (NYSE:SN) last released 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 during the quarter, compared to analysts’ expectations of $178.97 million. During the same quarter last year, the company earned ($3.20) earnings per share. Sanchez Energy Corporation’s revenue for the quarter was up 58.3% on a year-over-year basis. On average, equities analysts expect that Sanchez Energy Corporation will post ($0.88) earnings per share for the current year.
In other news, insider Patricio D. Sanchez acquired 320,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was bought at an average price of $4.55 per share, with a total value of $1,456,000.00. Following the transaction, the insider now directly owns 473,485 shares in the company, valued at approximately $2,154,356.75. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Kirsten A. Hink sold 36,088 shares of Sanchez Energy Corporation 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 directly owns 178,390 shares of the company’s stock, valued at approximately $899,085.60. The disclosure for this sale can be found here. Insiders have acquired 742,000 shares of company stock worth $3,379,220 over the last ninety days. Insiders own 14.70% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Sanchez Energy Corporation by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 50,374 shares of the energy producer’s stock valued at $362,000 after purchasing an additional 231 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Sanchez Energy Corporation by 6.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 25,400 shares of the energy producer’s stock valued at $182,000 after purchasing an additional 1,650 shares during the last quarter. Oxford Asset Management lifted its stake in Sanchez Energy Corporation by 1.9% in the 1st quarter. Oxford Asset Management now owns 122,033 shares of the energy producer’s stock valued at $1,164,000 after purchasing an additional 2,273 shares during the last quarter. Teachers Advisors LLC lifted its stake in Sanchez Energy Corporation by 2.9% in the 4th quarter. Teachers Advisors LLC now owns 93,395 shares of the energy producer’s stock valued at $843,000 after purchasing an additional 2,646 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in Sanchez Energy Corporation by 7.4% during the second quarter. Stratos Wealth Partners LTD. now owns 40,835 shares of the energy producer’s stock worth $293,000 after purchasing an additional 2,800 shares during the period. Institutional investors own 70.09% of the company’s stock.
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About Sanchez Energy Corporation
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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