Sanchez Energy Corp (NYSE:SN) Chairman Antonio R. Sanchez, Jr. sold 19,618 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $2.98, for a total transaction of $58,461.64. Following the sale, the chairman now owns 1,826,190 shares of the company’s stock, valued at approximately $5,442,046.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Sanchez Energy Corp (SN) traded down $0.11 during trading on Wednesday, reaching $3.05. 3,300,000 shares of the company traded hands, compared to its average volume of 3,970,000. Sanchez Energy Corp has a 12-month low of $2.90 and a 12-month high of $10.20. The company has a debt-to-equity ratio of -4.12, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $256.59, a P/E ratio of -0.91 and a beta of 1.88.
Sanchez Energy (NYSE:SN) last posted its earnings results on Monday, February 26th. The energy producer reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.13. The company had revenue of $246.00 million during the quarter, compared to analyst estimates of $229.20 million. The firm’s revenue for the quarter was up 95.7% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. research analysts predict that Sanchez Energy Corp will post 1.1 earnings per share for the current year.
A number of analysts have recently issued reports on SN shares. JPMorgan Chase & Co. downgraded shares of Sanchez Energy from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Zacks Investment Research upgraded shares of Sanchez Energy from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a report on Wednesday, December 27th. Piper Jaffray Companies restated a “hold” rating and set a $8.00 price target on shares of Sanchez Energy in a report on Tuesday, January 9th. ValuEngine downgraded shares of Sanchez Energy from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Finally, Northland Securities set a $6.00 price target on shares of Sanchez Energy and gave the stock a “buy” rating in a report on Monday, December 11th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $8.95.
Large investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. grew its stake in shares of Sanchez Energy by 55.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 162,600 shares of the energy producer’s stock worth $863,000 after acquiring an additional 58,290 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Sanchez Energy by 44.9% in the third quarter. JPMorgan Chase & Co. now owns 1,789,224 shares of the energy producer’s stock worth $8,804,000 after acquiring an additional 554,240 shares in the last quarter. Kovack Advisors Inc. acquired a new position in shares of Sanchez Energy in the fourth quarter worth $255,000. Penn Capital Management Co. Inc. grew its stake in shares of Sanchez Energy by 81.0% in the fourth quarter. Penn Capital Management Co. Inc. now owns 1,280,826 shares of the energy producer’s stock worth $6,811,000 after acquiring an additional 573,043 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Sanchez Energy by 13.9% in the second quarter. Northern Trust Corp now owns 893,791 shares of the energy producer’s stock worth $6,417,000 after acquiring an additional 109,054 shares in the last quarter. Institutional investors and hedge funds own 56.68% 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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