Sanchez Energy (SN) Sets New 52-Week Low at $3.51
Sanchez Energy Corp (NYSE:SN) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $3.51 and last traded at $3.50, with a volume of 3641477 shares. The stock had previously closed at $3.75.
Several research analysts recently commented on SN shares. JPMorgan Chase & Co. cut Sanchez Energy from a “neutral” rating to an “underweight” rating in a research report on Friday, December 15th. ValuEngine cut Sanchez Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Zacks Investment Research cut Sanchez Energy from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Northland Securities set a $6.00 target price on Sanchez Energy and gave the stock a “buy” rating in a research report on Monday, December 11th. 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 investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $7.77.
The firm has a market capitalization of $313.80, a price-to-earnings ratio of 12.57 and a beta of 1.54. The company has a debt-to-equity ratio of -3.72, a quick ratio of 0.88 and a current ratio of 0.88.
Large investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC increased its stake in shares of Sanchez Energy by 180.1% in the third quarter. Cubist Systematic Strategies LLC now owns 21,841 shares of the energy producer’s stock valued at $105,000 after buying an additional 14,044 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Sanchez Energy in the fourth quarter valued at $131,000. Kalos Management Inc. acquired a new stake in shares of Sanchez Energy in the third quarter valued at $138,000. IFP Advisors Inc increased its stake in shares of Sanchez Energy by 71.9% in the fourth quarter. IFP Advisors Inc now owns 26,350 shares of the energy producer’s stock valued at $140,000 after buying an additional 11,025 shares in the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Sanchez Energy in the fourth quarter valued at $177,000. Institutional investors own 59.37% of the company’s stock.
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About Sanchez Energy
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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