Sanchez Energy Corporation (SN) Upgraded to “Buy” by Zacks Investment Research

Sanchez Energy Corporation (NYSE:SN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage presently has a $4.75 target price on the energy producer’s stock. Zacks Investment Research‘s price target indicates a potential upside of 12.03% from the stock’s previous close.

According to Zacks, “Sanchez Energy Corporation is an independent oil and gas exploration and development company focused on the exploration, acquisition and development of unconventional oil and natural gas resources, primarily in the Eagle Ford Shale in South Texas. Sanchez Energy Corporation is headquartered in Houston, Texas. “

Other equities analysts have also recently issued reports about the company. Capital One Financial Corporation cut Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 26th. BidaskClub cut Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $10.00 price target on shares of Sanchez Energy Corporation in a report on Thursday, July 20th. Seaport Global Securities cut Sanchez Energy Corporation from a “buy” rating to a “sell” rating and cut their price target for the stock from $15.00 to $5.00 in a report on Wednesday, June 21st. Finally, J P Morgan Chase & Co started coverage on Sanchez Energy Corporation in a report on Friday, September 15th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $10.90.

Sanchez Energy Corporation (SN) opened at 4.24 on Thursday. The company has a 50-day moving average price of $4.52 and a 200 day moving average price of $6.11. Sanchez Energy Corporation has a 1-year low of $3.96 and a 1-year high of $14.39. The firm’s market capitalization is $324.97 million.

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 business had revenue of $175.70 million during the quarter, compared to the consensus estimate of $178.97 million. The business’s quarterly revenue was up 58.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.20) EPS. Analysts expect that Sanchez Energy Corporation will post ($0.88) earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Sanchez Energy Corporation (SN) Upgraded to “Buy” by Zacks Investment Research” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/19/sanchez-energy-corporation-sn-upgraded-to-buy-by-zacks-investment-research.html.

In related news, VP Howard J. Sr Thill, Sr. sold 16,499 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $4.27, for a total value of $70,450.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Kirsten A. Hink sold 36,088 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $899,085.60. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 742,000 shares of company stock valued at $3,379,220 and sold 91,221 shares valued at $446,277. Corporate insiders own 14.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SN. Nationwide Fund Advisors increased its stake in Sanchez Energy Corporation by 44.1% in the first quarter. Nationwide Fund Advisors now owns 47,013 shares of the energy producer’s stock valued at $449,000 after purchasing an additional 14,388 shares during the last quarter. Bank of New York Mellon Corp grew its position in Sanchez Energy Corporation by 36.0% during the first quarter. Bank of New York Mellon Corp now owns 459,413 shares of the energy producer’s stock valued at $4,384,000 after acquiring an additional 121,547 shares during the period. Swiss National Bank grew its position in Sanchez Energy Corporation by 17.1% during the first quarter. Swiss National Bank now owns 120,100 shares of the energy producer’s stock valued at $1,146,000 after acquiring an additional 17,500 shares during the period. UBS Asset Management Americas Inc. grew its position in Sanchez Energy Corporation by 60.5% during the first quarter. UBS Asset Management Americas Inc. now owns 36,763 shares of the energy producer’s stock valued at $351,000 after acquiring an additional 13,864 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Sanchez Energy Corporation by 7.8% during the first quarter. Ameriprise Financial Inc. now owns 506,360 shares of the energy producer’s stock valued at $4,830,000 after acquiring an additional 36,633 shares during the period. Hedge funds and other institutional investors own 70.09% of the company’s stock.

About Sanchez Energy Corporation

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.

SN) opened at 4.24 on Thursday. The company has a 50-day moving average price of $4.52 and a 200 day moving average price of $6.11. Sanchez Energy Corporation has a 1-year low of $3.96 and a 1-year high of $14.39. The firm’s market capitalization is $324.97 million.

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 business had revenue of $175.70 million during the quarter, compared to the consensus estimate of $178.97 million. The business’s quarterly revenue was up 58.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.20) EPS. Analysts expect that Sanchez Energy Corporation will post ($0.88) earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Sanchez Energy Corporation (SN) Upgraded to “Buy” by Zacks Investment Research” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/19/sanchez-energy-corporation-sn-upgraded-to-buy-by-zacks-investment-research.html.

In related news, VP Howard J. Sr Thill, Sr. sold 16,499 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $4.27, for a total value of $70,450.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Kirsten A. Hink sold 36,088 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $899,085.60. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 742,000 shares of company stock valued at $3,379,220 and sold 91,221 shares valued at $446,277. Corporate insiders own 14.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SN. Nationwide Fund Advisors increased its stake in Sanchez Energy Corporation by 44.1% in the first quarter. Nationwide Fund Advisors now owns 47,013 shares of the energy producer’s stock valued at $449,000 after purchasing an additional 14,388 shares during the last quarter. Bank of New York Mellon Corp grew its position in Sanchez Energy Corporation by 36.0% during the first quarter. Bank of New York Mellon Corp now owns 459,413 shares of the energy producer’s stock valued at $4,384,000 after acquiring an additional 121,547 shares during the period. Swiss National Bank grew its position in Sanchez Energy Corporation by 17.1% during the first quarter. Swiss National Bank now owns 120,100 shares of the energy producer’s stock valued at $1,146,000 after acquiring an additional 17,500 shares during the period. UBS Asset Management Americas Inc. grew its position in Sanchez Energy Corporation by 60.5% during the first quarter. UBS Asset Management Americas Inc. now owns 36,763 shares of the energy producer’s stock valued at $351,000 after acquiring an additional 13,864 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Sanchez Energy Corporation by 7.8% during the first quarter. Ameriprise Financial Inc. now owns 506,360 shares of the energy producer’s stock valued at $4,830,000 after acquiring an additional 36,633 shares during the period. Hedge funds and other institutional investors own 70.09% of the company’s stock.

About Sanchez Energy Corporation

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.

Analyst Recommendations for Sanchez Energy Corporation (NYSE:SN)

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