Shares of Sanchez Energy Corp (NYSE:SN) gapped up before the market opened on Wednesday . The stock had previously closed at $4.99, but opened at $5.17. Sanchez Energy shares last traded at $5.71, with a volume of 2030000 shares trading hands.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Sanchez Energy from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a report on Thursday, October 19th. JPMorgan Chase & Co. downgraded shares of Sanchez Energy from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Piper Jaffray Companies reissued a “neutral” rating and issued a $6.00 price target (down from $14.00) on shares of Sanchez Energy in a report on Monday, September 18th. BMO Capital Markets set a $5.00 price target on shares of Sanchez Energy and gave the stock a “hold” rating in a report on Tuesday, October 10th. Finally, Northland Securities set a $6.00 price target on shares of Sanchez Energy and gave the stock a “buy” rating in a report on Monday, December 11th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $9.62.

The stock has a market cap of $504.78, a PE ratio of 20.86 and a beta of 1.72. The company has a debt-to-equity ratio of -3.72, a quick ratio of 0.88 and a current ratio of 0.88.

In related news, VP Gregory B. Kopel sold 7,960 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $5.61, for a total value of $44,655.60. Following the transaction, the vice president now directly owns 109,488 shares in the company, valued at $614,227.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Antonio R. Sanchez, Jr. sold 66,536 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $5.22, for a total transaction of $347,317.92. Following the completion of the transaction, the chairman now owns 1,642,316 shares in the company, valued at $8,572,889.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 605,022 shares of company stock worth $2,880,942. Company insiders own 14.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of SN. Cubist Systematic Strategies LLC boosted its stake in Sanchez Energy by 180.1% in the third quarter. Cubist Systematic Strategies LLC now owns 21,841 shares of the energy producer’s stock worth $105,000 after buying an additional 14,044 shares in the last quarter. Kalos Management Inc. purchased a new stake in Sanchez Energy in the third quarter worth approximately $138,000. Capital Fund Management S.A. purchased a new stake in Sanchez Energy in the second quarter worth approximately $174,000. Cambridge Investment Research Advisors Inc. boosted its stake in Sanchez Energy by 6.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 25,400 shares of the energy producer’s stock worth $182,000 after buying an additional 1,650 shares in the last quarter. Finally, HAP Trading LLC purchased a new stake in shares of Sanchez Energy during the second quarter valued at approximately $211,000. Institutional investors own 59.05% of the company’s stock.

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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.

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