Sanchez Energy Corporation (NYSE:SN) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Friday, September 1st.
SN has been the topic of several other research reports. Zacks Investment Research cut shares of Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Capital One Financial Corporation lowered shares of Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 26th. Seaport Global Securities lowered shares of Sanchez Energy Corporation from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $15.00 to $5.00 in a research note on Wednesday, June 21st. Royal Bank Of Canada reiterated a “buy” rating and set a $10.00 price objective on shares of Sanchez Energy Corporation in a research note on Thursday, July 20th. Finally, BidaskClub lowered shares of Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $12.63.
Shares of Sanchez Energy Corporation (NYSE SN) traded down 1.76% during midday trading on Friday, reaching $4.47. The company’s stock had a trading volume of 5,806,871 shares. The stock’s 50-day moving average is $4.64 and its 200-day moving average is $7.04. The company’s market capitalization is $342.60 million. Sanchez Energy Corporation has a one year low of $3.96 and a one year high of $14.39.
Sanchez Energy Corporation (NYSE:SN) last posted its quarterly earnings data on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.18). The business had revenue of $175.70 million for the quarter, compared to the consensus estimate of $178.97 million. During the same period in the prior year, the firm posted ($3.20) earnings per share. Sanchez Energy Corporation’s revenue was up 58.3% compared to the same quarter last year. On average, equities analysts expect that Sanchez Energy Corporation will post ($0.81) earnings per share for the current fiscal year.
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In other Sanchez Energy Corporation news, CEO Antonio R. Sanchez III bought 100,000 shares of Sanchez Energy Corporation stock in a transaction that occurred on Wednesday, September 13th. The stock was purchased at an average cost of $4.45 per share, for a total transaction of $445,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,494,783 shares of the company’s stock, valued at approximately $6,651,784.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kirsten A. Hink sold 38,634 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $5.02, for a total transaction of $193,942.68. Following the sale, the vice president now owns 178,390 shares of the company’s stock, valued at $895,517.80. The disclosure for this sale can be found here. Insiders bought 742,000 shares of company stock valued at $3,379,220 over the last quarter. Insiders own 14.70% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Sanchez Energy Corporation by 4.9% during the second quarter. Vanguard Group Inc. now owns 12,127,552 shares of the energy producer’s stock worth $87,076,000 after buying an additional 569,664 shares in the last quarter. State Street Corp boosted its holdings in Sanchez Energy Corporation by 50.0% during 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. Hotchkis & Wiley Capital Management LLC bought a new stake in Sanchez Energy Corporation during the second quarter worth approximately $32,388,000. Blackstone Group L.P. bought a new stake in Sanchez Energy Corporation during the first quarter worth approximately $18,651,000. Finally, Schroder Investment Management Group boosted its holdings in Sanchez Energy Corporation by 44.8% during the second quarter. Schroder Investment Management Group now owns 1,894,000 shares of the energy producer’s stock worth $13,504,000 after buying an additional 586,040 shares in the last quarter. Hedge funds and other institutional investors own 70.44% 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.
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