SG Capital Management LLC purchased a new position in shares of Sanchez Energy Corp (NYSE:SN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 406,271 shares of the energy producer’s stock, valued at approximately $1,958,000. SG Capital Management LLC owned about 0.48% of Sanchez Energy at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SN. FMR LLC bought a new stake in Sanchez Energy in the first quarter valued at approximately $941,000. Teachers Advisors LLC boosted its holdings in shares of Sanchez Energy by 28.7% during the 1st quarter. Teachers Advisors LLC now owns 120,207 shares of the energy producer’s stock worth $1,147,000 after buying an additional 26,812 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Sanchez Energy by 27.4% during the 1st quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock worth $165,000 after buying an additional 3,733 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Sanchez Energy by 139.8% during the 1st quarter. Morgan Stanley now owns 880,690 shares of the energy producer’s stock worth $8,401,000 after buying an additional 513,433 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Sanchez Energy by 24.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 297,742 shares of the energy producer’s stock worth $2,841,000 after buying an additional 59,348 shares in the last quarter. Institutional investors and hedge funds own 69.32% of the company’s stock.

A number of equities analysts have issued reports on SN shares. Zacks Investment Research upgraded Sanchez Energy from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a report on Thursday, October 19th. BMO Capital Markets set a $5.00 price target on Sanchez Energy and gave the stock a “hold” rating in a report on Tuesday, November 14th. Piper Jaffray Companies restated a “hold” rating and set a $6.00 price target on shares of Sanchez Energy in a report on Sunday, October 22nd. SunTrust Banks, Inc. restated a “hold” rating and set a $5.00 price target on shares of Sanchez Energy in a report on Friday, October 20th. Finally, Stifel Nicolaus set a $5.00 price target on Sanchez Energy and gave the stock a “hold” rating in a report on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $10.44.

In related news, insider Patricio D. Sanchez purchased 320,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average cost of $4.55 per share, with a total value of $1,456,000.00. Following the transaction, the insider now owns 473,485 shares of the company’s stock, valued at approximately $2,154,356.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Eduardo Augusto Sanchez purchased 100,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was bought at an average cost of $4.77 per share, with a total value of $477,000.00. Following the completion of the transaction, the president now directly owns 1,235,981 shares in the company, valued at approximately $5,895,629.37. The disclosure for this purchase can be found here. Insiders 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 Corp (NYSE SN) traded up $0.03 during trading hours on Monday, hitting $5.10. The stock had a trading volume of 1,588,900 shares, compared to its average volume of 3,612,719. 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 Corp has a one year low of $3.58 and a one year high of $14.39.

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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.

Institutional Ownership by Quarter for Sanchez Energy (NYSE:SN)

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