Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Sanchez Energy from a hold rating to a buy rating and set a $6.00 price target for the company in a research report on Wednesday, December 27th. Northland Securities set a $6.00 price target on shares of Sanchez Energy and gave the company a buy rating in a research report on Monday, December 11th. BMO Capital Markets set a $5.00 price objective on shares of Sanchez Energy and gave the stock a hold rating in a research report on Tuesday, November 14th. SunTrust Banks reaffirmed a hold rating and set a $4.00 price objective on shares of Sanchez Energy in a research report on Monday, February 26th. Finally, ValuEngine cut shares of Sanchez Energy from a sell rating to a strong sell rating in a research report on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Sanchez Energy presently has a consensus rating of Hold and a consensus price target of $8.59.
Sanchez Energy (NYSE SN) opened at $3.05 on Wednesday. The company has a debt-to-equity ratio of -4.12, a current ratio of 0.76 and a quick ratio of 0.76. Sanchez Energy has a 1 year low of $2.90 and a 1 year high of $10.20. The company has a market cap of $268.09, a P/E ratio of -1.80 and a beta of 1.88.
Sanchez Energy (NYSE:SN) last issued its quarterly earnings results on Monday, February 26th. The energy producer reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.13. The business had revenue of $246.00 million during the quarter, compared to analysts’ expectations of $229.20 million. During the same period in the prior year, the business earned $0.16 EPS. The business’s quarterly revenue was up 95.7% on a year-over-year basis. equities research analysts forecast that Sanchez Energy will post 1.1 earnings per share for the current fiscal year.
In related news, insider Antonio R. Sanchez, Jr. sold 72,307 shares of Sanchez Energy stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $3.38, for a total transaction of $244,397.66. Following the sale, the insider now directly owns 1,969,498 shares in the company, valued at approximately $6,656,903.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Antonio R. Sanchez, Jr. sold 66,536 shares of Sanchez Energy stock in a transaction on Monday, January 8th. The stock was sold at an average price of $5.22, for a total transaction of $347,317.92. Following the sale, the chairman now owns 1,642,316 shares in the company, valued at $8,572,889.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 217,297 shares of company stock valued at $913,312. Corporate insiders own 14.70% of the company’s stock.
A number of large investors have recently made changes to their positions in SN. Cubist Systematic Strategies LLC raised its stake in Sanchez Energy by 180.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 21,841 shares of the energy producer’s stock worth $105,000 after acquiring an additional 14,044 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Sanchez Energy during the 4th quarter worth $131,000. Kalos Management Inc. acquired a new stake in Sanchez Energy during the 3rd quarter worth $138,000. IFP Advisors Inc raised its stake in Sanchez Energy by 71.9% during the 4th quarter. IFP Advisors Inc now owns 26,350 shares of the energy producer’s stock worth $140,000 after acquiring an additional 11,025 shares in the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in Sanchez Energy during the 4th quarter worth $177,000. Hedge funds and other institutional investors 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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