SG Americas Securities LLC Boosts Stake in Sanchez Energy Corporation (SN)
SG Americas Securities LLC increased its stake in Sanchez Energy Corporation (NYSE:SN) by 485.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,093 shares of the energy producer’s stock after buying an additional 149,355 shares during the period. SG Americas Securities LLC owned about 0.22% of Sanchez Energy Corporation worth $1,293,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Virginia Retirement Systems ET AL bought a new stake in shares of Sanchez Energy Corporation during the first quarter valued at approximately $105,000. Mackay Shields LLC raised its stake in shares of Sanchez Energy Corporation by 25.4% in the second quarter. Mackay Shields LLC now owns 16,611 shares of the energy producer’s stock valued at $119,000 after buying an additional 3,362 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in shares of Sanchez Energy Corporation during the first quarter valued at approximately $120,000. 361 Capital LLC bought a new stake in shares of Sanchez Energy Corporation during the first quarter valued at approximately $129,000. Finally, Legal & General Group Plc raised its stake in shares of Sanchez Energy Corporation by 27.4% in the first quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock valued at $165,000 after buying an additional 3,733 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of Sanchez Energy Corporation (SN) opened at 4.38 on Friday. Sanchez Energy Corporation has a 12-month low of $4.05 and a 12-month high of $14.39. The company’s 50-day moving average is $5.18 and its 200-day moving average is $7.57. The company’s market cap is $335.70 million.
Sanchez Energy Corporation (NYSE:SN) last posted its quarterly earnings data on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.18. The company had revenue of $175.70 million for the quarter, compared to the consensus estimate of $178.97 million. The company’s revenue was up 58.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.20) earnings per share. Equities research analysts predict that Sanchez Energy Corporation will post ($0.81) earnings per share for the current year.
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Several analysts have commented on SN shares. Royal Bank Of Canada set a $13.00 price objective on shares of Sanchez Energy Corporation and gave the stock a “buy” rating in a research report on Saturday, June 24th. KLR Group reaffirmed a “buy” rating and issued a $10.00 price objective (down previously from $12.00) on shares of Sanchez Energy Corporation in a research report on Wednesday, May 17th. Zacks Investment Research raised shares of Sanchez Energy Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 13th. BMO Capital Markets reissued a “hold” rating and issued a $5.00 price target on shares of Sanchez Energy Corporation in a research report on Tuesday, June 27th. Finally, Seaport Global Securities lowered shares of Sanchez Energy Corporation from a “buy” rating to a “sell” rating and lowered their price target for the company from $15.00 to $5.00 in a research report on Wednesday, June 21st. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Sanchez Energy Corporation currently has an average rating of “Hold” and an average price target of $12.63.
In other Sanchez Energy Corporation news, CAO Kirsten A. Hink sold 36,088 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $5.04, for a total transaction of $181,883.52. Following the sale, the chief accounting officer now owns 178,390 shares in the company, valued at approximately $899,085.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Kirsten A. Hink sold 38,634 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $5.02, for a total transaction of $193,942.68. Following the sale, the vice president now owns 178,390 shares in the company, valued at approximately $895,517.80. The disclosure for this sale can be found here. Company insiders own 14.70% of the company’s stock.
Sanchez Energy Corporation 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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