J P Morgan Chase & Co cut shares of Sanchez Energy (NYSE:SN) from a neutral rating to an underweight rating in a report published on Friday, MarketBeat Ratings reports.

Several other brokerages also recently weighed in on SN. Seaport Global Securities raised shares of Sanchez Energy from a sell rating to a neutral rating and set a $4.50 price target for the company in a research report on Wednesday, October 4th. BMO Capital Markets set a $5.00 price target on shares of Sanchez Energy and gave the company a hold rating in a research report on Tuesday, October 10th. Piper Jaffray Companies reaffirmed a neutral rating and issued a $6.00 target price (down previously from $14.00) on shares of Sanchez Energy in a research report on Monday, September 18th. Zacks Investment Research raised shares of Sanchez Energy from a hold rating to a buy rating and set a $4.75 target price for the company in a research report on Thursday, October 19th. Finally, SunTrust Banks reaffirmed a hold rating and issued a $5.00 target price on shares of Sanchez Energy in a research report on Friday, October 20th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $9.37.

Shares of Sanchez Energy (SN) opened at $4.91 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of -3.72. Sanchez Energy has a 1 year low of $3.58 and a 1 year high of $14.39.

In other Sanchez Energy news, VP Howard J. Sr Thill, Sr. sold 16,499 shares of Sanchez Energy stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $4.27, for a total value of $70,450.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 14.70% of the company’s stock.

Several hedge funds have recently modified their holdings of SN. Cubist Systematic Strategies LLC grew its position in shares of Sanchez Energy by 180.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 21,841 shares of the energy producer’s stock valued at $105,000 after acquiring an additional 14,044 shares during the period. Kalos Management Inc. bought a new stake in shares of Sanchez Energy during the 3rd quarter valued at $138,000. Capital Fund Management S.A. bought a new stake in shares of Sanchez Energy during the 2nd quarter valued at $174,000. Cambridge Investment Research Advisors Inc. grew its position in shares of Sanchez Energy by 6.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 25,400 shares of the energy producer’s stock valued at $182,000 after acquiring an additional 1,650 shares during the period. Finally, HAP Trading LLC bought a new stake in shares of Sanchez Energy during the 2nd quarter valued at $211,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

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Sanchez Energy 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.

Analyst Recommendations for Sanchez Energy (NYSE:SN)

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