Sanchez Energy Corp Sees Unusually High Options Volume (SN)

Sanchez Energy Corp Sees Unusually High Options Volume (SN)

A number of research firms recently commented on SN. Royal Bank of Canada reiterated an “outperform” rating and issued a $13.00 price objective (down from $14.00) on shares of Sanchez Energy Corp in a report on Thursday, May 18th. KLR Group reiterated a “buy” rating and issued a $10.00 price objective (down from $12.00) on shares of Sanchez Energy Corp in a report on Wednesday, May 17th. Stifel Nicolaus reiterated a “hold” rating and issued a $9.00 price objective (down from $11.00) on shares of Sanchez Energy Corp in a report on Thursday, April 27th. Zacks Investment Research cut Sanchez Energy Corp from a “hold” rating to a “sell” rating in a report on Friday, April 14th. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $11.00 price objective on shares of Sanchez Energy Corp in a report on Friday, March 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. Sanchez Energy Corp presently has an average rating of “Buy” and a consensus target price of $14.19.

Sanchez Energy Corp (NYSE:SN) was the recipient of some unusual options trading on Monday. Stock traders bought 5,255 put options on the company. This represents an increase of 1,020% compared to the typical daily volume of 469 put options.

Shares of Sanchez Energy Corp (NYSE:SN) opened at 5.99 on Thursday. The stock’s market cap is $454.82 million. The stock’s 50 day moving average price is $7.42 and its 200-day moving average price is $9.54. Sanchez Energy Corp has a 52-week low of $5.60 and a 52-week high of $14.39.

Sanchez Energy Corp (NYSE:SN) last released its quarterly earnings results on Tuesday, May 9th. The energy producer reported ($1.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.84. The firm had revenue of $133.80 million for the quarter, compared to analyst estimates of $128.68 million. During the same quarter in the prior year, the company earned ($0.30) EPS. Sanchez Energy Corp’s revenue for the quarter was up 67.7% compared to the same quarter last year. On average, analysts predict that Sanchez Energy Corp will post $0.04 earnings per share for the current fiscal year.

In related news, CAO Kirsten A. Hink sold 4,129 shares of the company’s stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $8.31, for a total value of $34,311.99. Following the transaction, the chief accounting officer now directly owns 205,844 shares in the company, valued at $1,710,563.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher Heinson sold 22,730 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $7.68, for a total value of $174,566.40. Following the completion of the transaction, the vice president now owns 598,925 shares in the company, valued at $4,599,744. The disclosure for this sale can be found here. Insiders sold 62,029 shares of company stock worth $501,141 over the last quarter. 15.32% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the stock. Virginia Retirement Systems ET AL purchased a new stake in Sanchez Energy Corp during the first quarter worth about $105,000. ClariVest Asset Management LLC purchased a new stake in Sanchez Energy Corp during the first quarter worth about $120,000. Mackay Shields LLC purchased a new stake in Sanchez Energy Corp during the first quarter worth about $126,000. 361 Capital LLC purchased a new stake in Sanchez Energy Corp during the first quarter worth about $129,000. Finally, Legal & General Group Plc raised its stake in Sanchez Energy Corp by 27.4% in the first 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. Institutional investors and hedge funds own 60.56% of the company’s stock.

Sanchez Energy Corp 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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