Sanchez Energy (SN) Trading Up -2.9%

Sanchez Energy (NYSE:SN)’s share price was up 2.9% on Friday . The stock traded as high as $4.25 and last traded at $4.02. Approximately 144,571 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 3,587,044 shares. The stock had previously closed at $4.14.

Several equities analysts recently weighed in on SN shares. Zacks Investment Research downgraded Sanchez Energy from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. ValuEngine downgraded Sanchez Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. SunTrust Banks reiterated a “hold” rating and set a $4.00 target price on shares of Sanchez Energy in a report on Monday, February 26th. Northland Securities cut Sanchez Energy from an “outperform” rating to a “market perform” rating and set a $20.00 target price on the stock. in a report on Tuesday, February 27th. Finally, Piper Jaffray set a $4.00 target price on Sanchez Energy and gave the company a “hold” rating in a report on Wednesday, March 14th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $4.78.

The firm has a market cap of $322.80 million, a P/E ratio of -13.13 and a beta of 1.77. The company has a debt-to-equity ratio of -5.07, a current ratio of 1.45 and a quick ratio of 1.45.

Sanchez Energy (NYSE:SN) last announced its earnings results on Tuesday, May 8th. The energy producer reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.21). Sanchez Energy had a negative net margin of 7.54% and a negative return on equity of 13.00%. The company had revenue of $251.00 million for the quarter, compared to analyst estimates of $243.60 million. During the same quarter last year, the company posted ($0.18) EPS. Sanchez Energy’s quarterly revenue was up 87.6% compared to the same quarter last year. research analysts expect that Sanchez Energy will post 0.67 earnings per share for the current year.

In other news, insider Antonio R. Sanchez, Jr. sold 72,307 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $3.38, for a total transaction of $244,397.66. Following the sale, the insider now owns 1,969,498 shares in the company, valued at $6,656,903.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Antonio R. Sanchez, Jr. sold 19,618 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $2.98, for a total value of $58,461.64. Following the sale, the chairman now owns 1,826,190 shares in the company, valued at approximately $5,442,046.20. The disclosure for this sale can be found here. Insiders have sold 164,291 shares of company stock worth $539,272 in the last 90 days. Insiders own 14.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Allianz Asset Management GmbH boosted its holdings in Sanchez Energy by 1,299.0% in the first quarter. Allianz Asset Management GmbH now owns 3,000,000 shares of the energy producer’s stock valued at $9,390,000 after acquiring an additional 2,785,563 shares during the last quarter. Millennium Management LLC boosted its holdings in Sanchez Energy by 3,483.5% in the fourth quarter. Millennium Management LLC now owns 2,975,150 shares of the energy producer’s stock valued at $15,798,000 after acquiring an additional 2,892,127 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Sanchez Energy by 13.0% in the first quarter. Wells Fargo & Company MN now owns 1,933,400 shares of the energy producer’s stock valued at $6,052,000 after acquiring an additional 222,516 shares during the last quarter. New Generation Advisors LLC boosted its holdings in Sanchez Energy by 83.2% in the first quarter. New Generation Advisors LLC now owns 1,723,543 shares of the energy producer’s stock valued at $5,395,000 after acquiring an additional 782,834 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Sanchez Energy by 28.2% in the first quarter. JPMorgan Chase & Co. now owns 1,360,230 shares of the energy producer’s stock valued at $4,258,000 after acquiring an additional 299,032 shares during the last quarter. Hedge funds and other institutional investors own 56.00% of the company’s stock.

Sanchez Energy Company Profile

Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition and development of U.S. onshore unconventional oil and natural gas resources. It engages in the horizontal development of resources from the Eagle Ford Shale in South Texas. It also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.

Receive News & Ratings for Sanchez Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanchez Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply