Piper Jaffray Companies reissued their hold rating on shares of Sanchez Energy (NYSE:SN) in a research note issued to investors on Tuesday. They currently have a $8.00 price target on the energy producer’s stock.
A number of other brokerages have also issued reports on SN. Zacks Investment Research raised Sanchez Energy from a hold rating to a buy rating and set a $6.00 target price on the stock in a research report on Wednesday, December 27th. Stifel Nicolaus set a $5.00 target price on Sanchez Energy and gave the company a hold rating in a research report on Thursday, October 5th. 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. Seaport Global Securities raised Sanchez Energy from a sell rating to a neutral rating and set a $4.50 target price on the stock in a research report on Wednesday, October 4th. Finally, JPMorgan Chase & Co. assumed coverage on Sanchez Energy in a research report on Friday, September 15th. They issued a neutral rating on the stock. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Sanchez Energy has an average rating of Hold and a consensus price target of $9.62.
Shares of Sanchez Energy (SN) opened at $5.99 on Tuesday. The stock has a market capitalization of $491.32, a P/E ratio of 119.80 and a beta of 1.72. The company has a debt-to-equity ratio of -3.72, a current ratio of 0.88 and a quick ratio of 0.88. Sanchez Energy has a 12-month low of $3.58 and a 12-month high of $14.39.
In other news, Chairman Antonio R. Sanchez, Jr. sold 66,536 shares of the company’s 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 of the company’s stock, valued at $8,572,889.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eduardo Augusto Sanchez sold 250,337 shares of the company’s stock in a transaction on Thursday, December 13th. The stock was sold at an average price of $4.66, for a total value of $1,166,570.42. Following the sale, the insider now directly owns 985,644 shares in the company, valued at approximately $4,593,101.04. The disclosure for this sale can be found here. Insiders have sold 605,022 shares of company stock worth $2,880,942 in the last ninety days. Corporate insiders own 14.70% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Sanchez Energy by 4.9% in the second quarter. Vanguard Group Inc. now owns 12,127,552 shares of the energy producer’s stock valued at $87,076,000 after buying an additional 569,664 shares during the last quarter. State Street Corp increased its holdings in Sanchez Energy by 50.0% in the second quarter. State Street Corp now owns 7,343,314 shares of the energy producer’s stock valued at $52,727,000 after buying an additional 2,446,795 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Sanchez Energy in the second quarter valued at $32,388,000. Schroder Investment Management Group increased its holdings in Sanchez Energy by 44.8% in the second quarter. Schroder Investment Management Group now owns 1,894,000 shares of the energy producer’s stock valued at $13,504,000 after buying an additional 586,040 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Sanchez Energy by 44.9% in the third quarter. JPMorgan Chase & Co. now owns 1,789,224 shares of the energy producer’s stock valued at $8,804,000 after buying an additional 554,240 shares during the last quarter. 59.05% of the stock is currently owned by hedge funds and other institutional investors.
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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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