The Sanchez Energy Corp.’s (SN) “Outperform” Rating Reiterated at RBC Capital Markets

The Sanchez Energy Corp.’s (SN) “Outperform” Rating Reiterated at RBC Capital Markets

RBC Capital Markets reaffirmed their outperform rating on shares of Sanchez Energy Corp. (NYSE:SN) in a research report released on Tuesday. They currently have a $13.00 target price on the stock, up from their previous target price of $11.00.

A number of other research analysts have also issued reports on SN. Zacks Investment Research lowered shares of Sanchez Energy Corp. from a hold rating to a sell rating in a research report on Tuesday, October 11th. Credit Suisse Group AG lowered shares of Sanchez Energy Corp. from an outperform rating to a neutral rating and reduced their price target for the stock from $10.00 to $8.00 in a research report on Thursday, October 13th. FBR & Co reiterated an outperform rating and set a $10.00 price target (down previously from $12.00) on shares of Sanchez Energy Corp. in a research report on Tuesday, November 8th. KLR Group lowered shares of Sanchez Energy Corp. from an accumulate rating to a hold rating and set a $9.00 price target on the stock. in a research report on Thursday, December 8th. Finally, BMO Capital Markets reiterated a hold rating and set a $10.00 price target on shares of Sanchez Energy Corp. in a research report on Wednesday, January 11th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $10.29.

Sanchez Energy Corp. (NYSE:SN) opened at 12.98 on Tuesday. The company’s market cap is $768.75 million. The company has a 50-day moving average of $9.51 and a 200 day moving average of $8.03. Sanchez Energy Corp. has a 52-week low of $2.27 and a 52-week high of $13.73.

Sanchez Energy Corp. (NYSE:SN) last announced its quarterly earnings results on Monday, November 7th. The company reported ($1.19) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $1.22. The company had revenue of $114.81 million for the quarter, compared to analyst estimates of $133.94 million. During the same quarter in the prior year, the business posted ($7.33) EPS. The business’s revenue was up .3% compared to the same quarter last year. Equities research analysts predict that Sanchez Energy Corp. will post ($0.04) EPS for the current year.

In other news, COO Christopher Heinson sold 22,912 shares of the stock in a transaction on Monday, January 9th. The shares were sold at an average price of $8.70, for a total transaction of $199,334.40. Following the completion of the sale, the chief operating officer now directly owns 582,265 shares in the company, valued at $5,065,705.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Antonio R. Sanchez III sold 52,216 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $8.70, for a total transaction of $454,279.20. Following the sale, the chief executive officer now owns 1,297,764 shares of the company’s stock, valued at $11,290,546.80. 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 ninety days. Insiders own 15.32% of the company’s stock.

Large investors have recently bought and sold shares of the company. 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. Emerald Acquisition Ltd. purchased a new stake in Sanchez Energy Corp. during the second quarter valued at $1,792,000. Convergence Investment Partners LLC purchased a new stake in Sanchez Energy Corp. during the third quarter valued at $552,000. Northpointe Capital LLC boosted its stake in Sanchez Energy Corp. by 69,861.0% in the second quarter. Northpointe Capital LLC now owns 69,961 shares of the company’s stock valued at $494,000 after buying an additional 69,861 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in Sanchez Energy Corp. by 36.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 215,627 shares of the company’s stock valued at $1,523,000 after buying an additional 58,030 shares during the period. Institutional investors own 60.69% of the company’s stock.

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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