A number of brokerages have recently commented on SN. Zacks Investment Research lowered shares of Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a report on Friday, April 14th. Stifel Nicolaus reiterated a “hold” rating and set a $9.00 price target (down previously from $11.00) on shares of Sanchez Energy Corporation in a report on Thursday, April 27th. Royal Bank Of Canada set a $14.00 price target on shares of Sanchez Energy Corporation and gave the stock a “buy” rating in a report on Tuesday, April 25th. Seaport Global Securities lowered shares of Sanchez Energy Corporation from a “buy” rating to a “sell” rating and dropped their target price for the company from $15.00 to $5.00 in a report on Wednesday, June 21st. Finally, BMO Capital Markets restated a “hold” rating and issued a $5.00 target price on shares of Sanchez Energy Corporation in a report on Tuesday, June 27th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Sanchez Energy Corporation presently has a consensus rating of “Hold” and an average price target of $12.35.
An issue of Sanchez Energy Corporation (NYSE:SN) bonds rose 1.9% against their face value during trading on Friday. The high-yield issue of debt has a 6.125% coupon and will mature on January 15, 2023. The debt is now trading at $83.69 and was trading at $79.50 last week. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.
Sanchez Energy Corporation (NYSE SN) traded down 4.87% during midday trading on Wednesday, hitting $4.88. 3,179,328 shares of the stock traded hands. The stock’s 50-day moving average price is $6.52 and its 200-day moving average price is $8.82. The stock’s market capitalization is $370.54 million. Sanchez Energy Corporation has a 52 week low of $4.82 and a 52 week high of $14.39.
Sanchez Energy Corporation (NYSE:SN) last issued its quarterly earnings results on Tuesday, May 9th. The energy producer reported ($1.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.84. The company had revenue of $133.80 million for the quarter, compared to the consensus estimate of $128.68 million. During the same period in the prior year, the business posted ($0.30) earnings per share. Sanchez Energy Corporation’s revenue for the quarter was up 67.7% compared to the same quarter last year. Equities research analysts expect that Sanchez Energy Corporation will post ($0.27) EPS for the current fiscal year.
In other Sanchez Energy Corporation news, VP Christopher Heinson sold 22,730 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $7.68, for a total transaction of $174,566.40. Following the completion of the sale, the vice president now directly owns 598,925 shares in the company, valued at approximately $4,599,744. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas Brian Carney sold 10,204 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $6.19, for a total transaction of $63,162.76. Following the sale, the director now owns 68,423 shares of the company’s stock, valued at $423,538.37. The disclosure for this sale can be found here. Company insiders own 14.70% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC purchased a new stake in Sanchez Energy Corporation during the fourth quarter worth $260,000. AQR Capital Management LLC raised its stake in shares of Sanchez Energy Corporation by 215.0% in the fourth quarter. AQR Capital Management LLC now owns 41,209 shares of the energy producer’s stock worth $372,000 after buying an additional 28,125 shares in the last quarter. Norges Bank bought a new stake in shares of Sanchez Energy Corporation during the fourth quarter worth approximately $2,528,000. Teachers Advisors LLC raised its stake in shares of Sanchez Energy Corporation by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 93,395 shares of the energy producer’s stock worth $843,000 after buying an additional 2,646 shares in the last quarter. Finally, Fox Run Management L.L.C. raised its stake in shares of Sanchez Energy Corporation by 34.7% in the first quarter. Fox Run Management L.L.C. now owns 37,300 shares of the energy producer’s stock worth $356,000 after buying an additional 9,600 shares in the last quarter. Institutional investors and hedge funds own 76.17% of the company’s stock.
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.