Sanchez Energy Corp (NYSE:SN) insider Eduardo Augusto Sanchez sold 250,337 shares of Sanchez Energy stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $4.66, for a total value of $1,166,570.42. Following the completion of the sale, the insider now owns 985,644 shares in the company, valued at $4,593,101.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Eduardo Augusto Sanchez also recently made the following trade(s):
- On Thursday, December 13th, Eduardo Augusto Sanchez sold 250,337 shares of Sanchez Energy stock. The stock was sold at an average price of $4.66, for a total value of $1,166,570.42.
Sanchez Energy Corp (SN) opened at $5.99 on Friday. Sanchez Energy Corp has a twelve month low of $3.58 and a twelve month high of $14.39. The company has a debt-to-equity ratio of -3.72, a current ratio of 0.88 and a quick ratio of 0.88.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its holdings in Sanchez Energy by 485.9% in the second quarter. SG Americas Securities LLC now owns 180,093 shares of the energy producer’s stock valued at $1,293,000 after acquiring an additional 149,355 shares during the last quarter. JPMorgan Chase & Co. lifted 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 acquiring an additional 554,240 shares during the last quarter. Sei Investments Co. lifted its holdings in Sanchez Energy by 8.2% in the second quarter. Sei Investments Co. now owns 156,185 shares of the energy producer’s stock valued at $1,121,000 after acquiring an additional 11,863 shares during the last quarter. Baker Avenue Asset Management LP lifted its holdings in Sanchez Energy by 41.1% in the second quarter. Baker Avenue Asset Management LP now owns 160,856 shares of the energy producer’s stock valued at $1,155,000 after acquiring an additional 46,841 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Sanchez Energy in the second quarter valued at approximately $32,388,000. Hedge funds and other institutional investors own 59.05% of the company’s stock.
Several research analysts have recently weighed in on the company. Zacks Investment Research cut Sanchez Energy from a “buy” rating to a “hold” rating in a report on Saturday. BMO Capital Markets set a $5.00 target price on Sanchez Energy and gave the stock a “hold” rating in a report on Tuesday, October 10th. Piper Jaffray Companies restated a “neutral” rating and set a $6.00 target price (down from $14.00) on shares of Sanchez Energy in a report on Monday, September 18th. SunTrust Banks restated a “hold” rating and set a $5.00 target price on shares of Sanchez Energy in a report on Friday, October 20th. Finally, Stifel Nicolaus set a $5.00 target price on Sanchez Energy and gave the stock a “hold” rating in a report on Thursday, October 5th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Sanchez Energy currently has an average rating of “Hold” and a consensus target price of $9.62.
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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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