Zacks: Brokerages Anticipate Sanchez Energy Corporation (SN) to Announce -$0.01 EPS
Wall Street brokerages expect Sanchez Energy Corporation (NYSE:SN) to report earnings of ($0.01) per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Sanchez Energy Corporation’s earnings, with the lowest EPS estimate coming in at ($0.26) and the highest estimate coming in at $0.21. Sanchez Energy Corporation posted earnings of ($0.14) per share in the same quarter last year, which indicates a positive year over year growth rate of 92.9%. The company is scheduled to announce its next quarterly earnings report on Monday, November 6th.
According to Zacks, analysts expect that Sanchez Energy Corporation will report full year earnings of ($0.64) per share for the current financial year, with EPS estimates ranging from ($1.18) to ($0.19). For the next financial year, analysts forecast that the firm will report earnings of $0.66 per share, with EPS estimates ranging from $0.18 to $1.17. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Sanchez Energy Corporation.
Sanchez Energy Corporation (NYSE:SN) last announced its earnings results on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.18. The business had revenue of $175.70 million for the quarter, compared to analysts’ expectations of $178.97 million. During the same quarter in the previous year, the firm posted ($3.20) EPS. The firm’s quarterly revenue was up 58.3% on a year-over-year basis.
Several analysts have recently issued reports on SN shares. Stifel Nicolaus reissued a “hold” rating and issued a $9.00 price target (down previously from $11.00) on shares of Sanchez Energy Corporation in a research report on Thursday, April 27th. Royal Bank Of Canada reissued an “outperform” rating and issued a $13.00 price target (down previously from $14.00) on shares of Sanchez Energy Corporation in a research report on Thursday, May 18th. KLR Group reissued a “buy” rating and issued a $10.00 price target (down previously from $12.00) on shares of Sanchez Energy Corporation in a research report on Wednesday, May 17th. BidaskClub lowered shares of Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, 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. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $12.35.
In related news, CAO Kirsten A. Hink sold 36,088 shares of the business’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 completion of the transaction, the chief accounting officer now owns 178,390 shares of the company’s stock, valued at $899,085.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Kirsten A. Hink sold 38,634 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $5.02, for a total transaction of $193,942.68. Following the transaction, the vice president now directly owns 178,390 shares of the company’s stock, valued at approximately $895,517.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,926 shares of company stock valued at $438,989. 14.70% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Sanchez Energy Corporation by 88.0% in the first quarter. Vanguard Group Inc. now owns 11,557,888 shares of the energy producer’s stock worth $110,263,000 after buying an additional 5,408,805 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in Sanchez Energy Corporation during the second quarter worth approximately $32,388,000. State Street Corp boosted its position in Sanchez Energy Corporation by 50.0% in the second quarter. State Street Corp now owns 7,343,314 shares of the energy producer’s stock worth $52,727,000 after buying an additional 2,446,795 shares in the last quarter. Blackstone Group L.P. bought a new position in Sanchez Energy Corporation during the first quarter worth approximately $18,651,000. Finally, Tyrus Capital S.A.M. bought a new position in Sanchez Energy Corporation during the first quarter worth approximately $10,494,000. 76.52% of the stock is owned by institutional investors.
Shares of Sanchez Energy Corporation (NYSE:SN) traded up 1.45% on Monday, hitting $4.89. 1,956,230 shares of the company’s stock were exchanged. The firm’s market cap is $374.79 million. Sanchez Energy Corporation has a 12 month low of $4.38 and a 12 month high of $14.39. The stock’s 50 day moving average is $5.96 and its 200 day moving average is $8.29.
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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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