Sanchez Energy Corporation (SN) Shares Sold by Tyrus Capital S.A.M.
Tyrus Capital S.A.M. lessened its holdings in Sanchez Energy Corporation (NYSE:SN) by 78.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 235,000 shares of the energy producer’s stock after selling 865,000 shares during the quarter. Sanchez Energy Corporation makes up 0.1% of Tyrus Capital S.A.M.’s holdings, making the stock its 28th largest holding. Tyrus Capital S.A.M. owned about 0.31% of Sanchez Energy Corporation worth $1,687,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in Sanchez Energy Corporation by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 12,127,552 shares of the energy producer’s stock valued at $87,076,000 after acquiring an additional 569,664 shares during the last quarter. State Street Corp grew its position in Sanchez Energy Corporation by 50.0% in the 2nd quarter. State Street Corp now owns 7,343,314 shares of the energy producer’s stock valued at $52,727,000 after acquiring an additional 2,446,795 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in Sanchez Energy Corporation in the 2nd quarter valued at $32,388,000. Blackstone Group L.P. bought a new position in Sanchez Energy Corporation in the 1st quarter valued at $18,651,000. Finally, Schroder Investment Management Group grew its position in Sanchez Energy Corporation by 44.8% in the 2nd quarter. Schroder Investment Management Group now owns 1,894,000 shares of the energy producer’s stock valued at $13,504,000 after acquiring an additional 586,040 shares during the last quarter. 70.09% of the stock is currently owned by institutional investors.
A number of equities analysts have recently issued reports on SN shares. Seaport Global Securities downgraded Sanchez Energy Corporation from a “buy” rating to a “sell” rating and dropped their price target for the stock from $15.00 to $5.00 in a research report on Wednesday, June 21st. BMO Capital Markets reissued a “hold” rating and set a $5.00 price target on shares of Sanchez Energy Corporation in a research report on Tuesday, June 27th. Royal Bank Of Canada reissued a “buy” rating and set a $10.00 price target on shares of Sanchez Energy Corporation in a research report on Thursday, July 20th. Zacks Investment Research downgraded Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Capital One Financial Corporation downgraded Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 26th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $11.82.
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In related news, CAO Kirsten A. Hink sold 36,088 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Antonio R. Sanchez III bought 100,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were bought at an average cost of $4.45 per share, with a total value of $445,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,494,783 shares in the company, valued at $6,651,784.35. The disclosure for this purchase can be found here. Insiders have purchased a total of 742,000 shares of company stock valued at $3,379,220 over the last three months. 14.70% of the stock is currently owned by insiders.
Shares of Sanchez Energy Corporation (SN) traded down 4.776% during midday trading on Friday, hitting $4.685. The company had a trading volume of 1,345,053 shares. The firm’s market capitalization is $359.08 million. Sanchez Energy Corporation has a 12 month low of $3.96 and a 12 month high of $14.39. The company has a 50-day moving average of $4.57 and a 200 day moving average of $6.45.
Sanchez Energy Corporation (NYSE:SN) last released its earnings results on Wednesday, August 9th. The energy producer reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.18). The company had revenue of $175.70 million during the quarter, compared to analysts’ expectations of $178.97 million. During the same period last year, the firm earned ($3.20) earnings per share. Sanchez Energy Corporation’s quarterly revenue was up 58.3% compared to the same quarter last year. On average, analysts expect that Sanchez Energy Corporation will post ($0.88) EPS for the current fiscal year.
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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