Zacks Investment Research Upgrades Sanchez Energy (SN) to Buy

Sanchez Energy (NYSE:SN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, December 27th. The brokerage presently has a $6.00 price target on the energy producer’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 0.17% from the stock’s current price.

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. “

SN has been the topic of a number of other research reports. JPMorgan Chase & Co. downgraded Sanchez Energy from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Northland Securities set a $6.00 target price on Sanchez Energy and gave the company a “buy” rating in a report on Monday, December 11th. BMO Capital Markets set a $5.00 target price on Sanchez Energy and gave the company a “hold” rating in a report on Tuesday, November 14th. ValuEngine downgraded Sanchez Energy from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $6.00 target price on shares of Sanchez Energy in a report on Sunday, October 22nd. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $9.62.

Sanchez Energy (NYSE:SN) opened at $5.99 on Wednesday. Sanchez Energy has a 1-year low of $3.58 and a 1-year high of $14.39. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of -3.72. The stock has a market capitalization of $503.93, a price-to-earnings ratio of 21.39 and a beta of 1.72.

In related news, Chairman Antonio R. Sanchez, Jr. sold 66,536 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $5.22, for a total transaction of $347,317.92. Following the completion of the sale, the chairman now owns 1,642,316 shares in the company, valued at $8,572,889.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gregory B. Kopel sold 7,960 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $5.61, for a total value of $44,655.60. Following the sale, the vice president now owns 109,488 shares of the company’s stock, valued at approximately $614,227.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 605,022 shares of company stock valued at $2,880,942. Company insiders own 14.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Sanchez Energy 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 grew its holdings in Sanchez Energy by 50.0% during the 2nd quarter. State Street Corp now owns 7,343,314 shares of the energy producer’s stock valued at $52,727,000 after buying an additional 2,446,795 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Sanchez Energy during the 2nd quarter valued at approximately $32,388,000. Schroder Investment Management Group grew its holdings in Sanchez Energy 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. Finally, JPMorgan Chase & Co. grew its holdings in Sanchez Energy by 44.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,224 shares of the energy producer’s stock valued at $8,804,000 after buying an additional 554,240 shares in the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.

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About Sanchez Energy

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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