An issue of Sanchez Energy Corp (NYSE:SN) debt rose 1.1% as a percentage of its face value during trading on Wednesday. The high-yield debt issue has a 6.125% coupon and will mature on January 15, 2023. The bonds in the issue are now trading at $72.38 and were trading at $73.50 last week. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price.
Several equities analysts have commented on SN shares. Northland Securities set a $6.00 target price on Sanchez Energy and gave the company a “buy” rating in a research report on Monday, December 11th. Zacks Investment Research upgraded Sanchez Energy from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Wednesday, December 27th. Piper Jaffray Companies reiterated a “hold” rating and issued a $8.00 target price on shares of Sanchez Energy in a research report on Tuesday, January 9th. SunTrust Banks reiterated a “hold” rating and issued a $4.00 target price on shares of Sanchez Energy in a research report on Monday, February 26th. Finally, ValuEngine downgraded Sanchez Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $7.95.
Sanchez Energy Corp (NYSE:SN) opened at $3.11 on Friday. Sanchez Energy Corp has a 1 year low of $2.78 and a 1 year high of $10.20. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of -4.12.
Sanchez Energy (NYSE:SN) last issued its quarterly earnings data on Monday, February 26th. The energy producer reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.13. The company had revenue of $246.00 million for the quarter, compared to the consensus estimate of $229.20 million. During the same quarter last year, the business earned $0.16 earnings per share. Sanchez Energy’s revenue was up 95.7% compared to the same quarter last year. equities research analysts anticipate that Sanchez Energy Corp will post 1.1 earnings per share for the current fiscal year.
In related news, VP Gregory B. Kopel sold 7,960 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $5.61, for a total transaction of $44,655.60. Following the completion of the sale, the vice president now owns 109,488 shares of the company’s stock, valued at $614,227.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kirsten A. Hink sold 9,949 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $5.22, for a total value of $51,933.78. Following the sale, the chief accounting officer now directly owns 157,261 shares of the company’s stock, valued at approximately $820,902.42. The disclosure for this sale can be found here. Insiders have sold 217,297 shares of company stock valued at $913,312 over the last 90 days. 14.70% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. grew its stake in Sanchez Energy by 55.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 162,600 shares of the energy producer’s stock worth $863,000 after purchasing an additional 58,290 shares during the period. Penn Capital Management Co. Inc. grew its stake in Sanchez Energy by 81.0% during 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 purchasing an additional 573,043 shares during the period. Kovack Advisors Inc. acquired a new stake in Sanchez Energy during the fourth quarter worth approximately $255,000. JPMorgan Chase & Co. grew its stake in Sanchez Energy by 44.9% during the third quarter. JPMorgan Chase & Co. now owns 1,789,224 shares of the energy producer’s stock worth $8,804,000 after purchasing an additional 554,240 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Sanchez Energy by 46.5% during the fourth quarter. Victory Capital Management Inc. now owns 269,832 shares of the energy producer’s stock worth $1,433,000 after purchasing an additional 85,632 shares during the period. 56.64% of the stock is owned by institutional investors and hedge funds.
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Sanchez Energy 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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