Sanchez Energy Corporation (NYSE:SN) will be announcing its earnings results before the market opens on Friday, November 3rd. Analysts expect the company to announce earnings of ($0.07) per share for the quarter.
Sanchez Energy Corporation (NYSE:SN) last announced its quarterly earnings data on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.18). The firm had revenue of $175.70 million during the quarter, compared to the consensus estimate of $178.97 million. Sanchez Energy Corporation’s revenue for the quarter was up 58.3% compared to the same quarter last year. During the same quarter last year, the company earned ($3.20) earnings per share. On average, analysts expect Sanchez Energy Corporation to post $-0.88 EPS for the current fiscal year and $0.38 EPS for the next fiscal year.
Sanchez Energy Corporation (NYSE:SN) opened at 3.75 on Friday. The firm’s market capitalization is $287.42 million. Sanchez Energy Corporation has a 52 week low of $3.58 and a 52 week high of $14.39. The stock has a 50 day moving average price of $4.47 and a 200-day moving average price of $5.91.
SN has been the topic of several recent analyst reports. Zacks Investment Research raised Sanchez Energy Corporation from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a research note on Thursday, October 19th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $10.00 price objective on shares of Sanchez Energy Corporation in a research report on Thursday, July 20th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $5.00 price objective on shares of Sanchez Energy Corporation in a research report on Friday, October 20th. BMO Capital Markets set a $5.00 price objective on Sanchez Energy Corporation and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, Stifel Nicolaus set a $5.00 price objective on Sanchez Energy Corporation and gave the company a “hold” rating in a research report on Thursday, October 5th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $10.44.
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In other news, CEO Antonio R. Sanchez III acquired 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was bought at an average cost of $4.45 per share, for a total transaction of $445,000.00. Following the acquisition, the chief executive officer now directly owns 1,494,783 shares in the company, valued at $6,651,784.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Kirsten A. Hink sold 36,088 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $5.04, for a total transaction of $181,883.52. Following the completion of the transaction, the chief accounting officer now owns 178,390 shares of the company’s stock, valued at $899,085.60. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 742,000 shares of company stock valued at $3,379,220 and have sold 91,221 shares valued at $446,277. 14.70% of the stock is currently owned by company insiders.
Sanchez Energy Corporation 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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