Sanchez Energy Corporation (NYSE:SN) has been given a $5.00 price target by investment analysts at BMO Capital Markets in a report issued on Tuesday. The brokerage currently has a “hold” rating on the energy producer’s stock. BMO Capital Markets’ target price points to a potential upside of 10.13% from the stock’s current price.
Several other brokerages also recently commented on SN. Royal Bank Of Canada reiterated a “buy” rating and issued a $10.00 target price on shares of Sanchez Energy Corporation in a report on Thursday, July 20th. Zacks Investment Research downgraded shares of Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a 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 report on Wednesday, July 26th. BidaskClub lowered shares of Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Stifel Nicolaus set a $5.00 price target on shares of Sanchez Energy Corporation and gave the stock a “hold” rating in a research report on Thursday, October 5th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Sanchez Energy Corporation currently has a consensus rating of “Hold” and a consensus price target of $10.44.
Sanchez Energy Corporation (NYSE:SN) opened at $4.54 on Tuesday. Sanchez Energy Corporation has a twelve month low of $3.58 and a twelve month high of $14.39. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of -3.72.
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In other news, VP Howard J. Sr Thill, Sr. sold 16,499 shares of Sanchez Energy Corporation stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $4.27, for a total transaction of $70,450.73. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Eduardo Augusto Sanchez purchased 100,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were purchased at an average cost of $4.77 per share, with a total value of $477,000.00. Following the completion of the acquisition, the president now directly owns 1,235,981 shares in the company, valued at $5,895,629.37. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 742,000 shares of company stock worth $3,379,220. 14.70% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc lifted its holdings in Sanchez Energy Corporation by 27.4% during the 1st quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock valued at $165,000 after purchasing an additional 3,733 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Sanchez Energy Corporation by 180.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 21,841 shares of the energy producer’s stock valued at $105,000 after purchasing an additional 14,044 shares during the last quarter. Capital Fund Management S.A. bought a new position in Sanchez Energy Corporation during the 2nd quarter valued at about $174,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Sanchez Energy Corporation by 6.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 25,400 shares of the energy producer’s stock valued at $182,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Stonebridge Capital Management Inc. bought a new position in Sanchez Energy Corporation during the 2nd quarter valued at about $186,000. 67.54% of the stock is owned by hedge funds and other institutional investors.
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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