Sanchez Energy Corp (NYSE:SN) has been given an average rating of “Buy” by the sixteen brokerages that are currently covering the firm. Six equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $13.77.
Several equities research analysts have recently weighed in on SN shares. Canaccord Genuity reissued a “buy” rating and issued a $17.50 price objective on shares of Sanchez Energy Corp in a report on Monday, February 6th. KLR Group reissued a “buy” rating and issued a $17.00 price objective (down from $18.00) on shares of Sanchez Energy Corp in a report on Thursday, February 2nd. Royal Bank of Canada reissued a “buy” rating and issued a $11.00 price objective on shares of Sanchez Energy Corp in a report on Tuesday, January 3rd. Zacks Investment Research raised Sanchez Energy Corp from a “sell” rating to a “buy” rating and set a $8.75 price objective for the company in a report on Wednesday, November 23rd. Finally, FBR & Co increased their price objective on Sanchez Energy Corp from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Monday, February 6th.
Shares of Sanchez Energy Corp (NYSE:SN) opened at 9.57 on Monday. Sanchez Energy Corp has a 12 month low of $4.70 and a 12 month high of $14.39. The firm has a 50 day moving average price of $11.73 and a 200-day moving average price of $9.45. The firm’s market cap is $570.65 million.
Sanchez Energy Corp (NYSE:SN) last announced its quarterly earnings results on Wednesday, February 22nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.06. The business earned $126 million during the quarter, compared to analyst estimates of $139.07 million. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $0.04 earnings per share. On average, analysts predict that Sanchez Energy Corp will post $0.66 EPS for the current fiscal year.
In other news, SVP Kirsten A. Hink sold 8,481 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $8.70, for a total transaction of $73,784.70. Following the completion of the sale, the senior vice president now owns 194,973 shares in the company, valued at $1,696,265.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gregory B. Kopel sold 7,522 shares of the company’s stock in a transaction that occurred on Thursday, January 5th. The stock was sold at an average price of $9.38, for a total value of $70,556.36. Following the sale, the vice president now owns 67,448 shares of the company’s stock, valued at approximately $632,662.24. The disclosure for this sale can be found here. Insiders have sold 210,741 shares of company stock valued at $1,838,562 in the last 90 days. Company insiders own 15.32% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Bogle Investment Management L P DE bought a new stake in Sanchez Energy Corp during the fourth quarter valued at approximately $5,248,000. JPMorgan Chase & Co. boosted its stake in Sanchez Energy Corp by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 1,060,800 shares of the company’s stock valued at $9,378,000 after buying an additional 14,336 shares during the period. Oxford Asset Management bought a new stake in Sanchez Energy Corp during the fourth quarter valued at approximately $1,081,000. Convergence Investment Partners LLC bought a new stake in Sanchez Energy Corp during the third quarter valued at approximately $552,000. Finally, Northpointe Capital LLC boosted its stake in Sanchez Energy Corp by 798.3% in the third quarter. Northpointe Capital LLC now owns 628,432 shares of the company’s stock valued at $5,555,000 after buying an additional 558,471 shares during the period. Institutional investors and hedge funds own 60.56% of the company’s stock.
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About Sanchez Energy Corp
Sanchez Energy Corporation is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the onshore United States Gulf Coast. The Company focuses on the Eagle Ford Shale in South Texas and the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.
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