Baker Avenue Asset Management LP boosted its holdings in shares of Sanchez Energy Corporation (NYSE:SN) by 41.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,856 shares of the energy producer’s stock after buying an additional 46,841 shares during the period. Baker Avenue Asset Management LP owned approximately 0.21% of Sanchez Energy Corporation worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in Sanchez Energy Corporation by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 12,127,552 shares of the energy producer’s stock valued at $87,076,000 after buying an additional 569,664 shares in the last quarter. State Street Corp increased its position in Sanchez Energy Corporation by 45.8% during the 1st quarter. State Street Corp now owns 4,896,519 shares of the energy producer’s stock valued at $46,716,000 after buying an additional 1,539,043 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Sanchez Energy Corporation during the 2nd quarter valued at about $32,388,000. Blackstone Group L.P. acquired a new position in Sanchez Energy Corporation during the 1st quarter valued at about $18,651,000. Finally, Schroder Investment Management Group increased its position in Sanchez Energy Corporation by 44.8% during the 2nd quarter. Schroder Investment Management Group now owns 1,894,000 shares of the energy producer’s stock valued at $13,504,000 after buying an additional 586,040 shares in the last quarter. 69.98% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on SN. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $6.00 target price (down from $14.00) on shares of Sanchez Energy Corporation in a research report on Monday, September 18th. J P Morgan Chase & Co began coverage on Sanchez Energy Corporation in a research report on Friday, September 15th. They set a “neutral” rating on the stock. ValuEngine lowered Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Capital One Financial Corporation lowered Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 26th. Finally, BidaskClub lowered Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Sanchez Energy Corporation currently has an average rating of “Hold” and a consensus price target of $11.71.
Shares of Sanchez Energy Corporation (NYSE:SN) traded down 1.07% during mid-day trading on Friday, hitting $4.61. The stock had a trading volume of 2,286,475 shares. The firm’s market cap is $353.33 million. Sanchez Energy Corporation has a 52-week low of $3.96 and a 52-week high of $14.39. The firm has a 50 day moving average price of $4.57 and a 200 day moving average price of $6.87.
Sanchez Energy Corporation (NYSE:SN) last posted its earnings results on Wednesday, August 9th. The energy producer reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.18). The firm had revenue of $175.70 million during the quarter, compared to analyst estimates of $178.97 million. During the same quarter in the prior year, the business earned ($3.20) EPS. The business’s quarterly revenue was up 58.3% on a year-over-year basis. Equities analysts predict that Sanchez Energy Corporation will post ($0.85) EPS for the current year.
In related news, VP Kirsten A. Hink sold 38,634 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $5.02, for a total value of $193,942.68. Following the transaction, the vice president now owns 178,390 shares in the company, valued at approximately $895,517.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kirsten A. Hink sold 36,088 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $5.04, for a total value of $181,883.52. Following the completion of the transaction, the chief accounting officer now owns 178,390 shares in the company, valued at approximately $899,085.60. The disclosure for this sale can be found here. Insiders purchased a total of 742,000 shares of company stock worth $3,379,220 in the last 90 days. 14.70% of the stock is currently owned by insiders.
Sanchez Energy Corporation 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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