Zacks Investment Research Downgrades Sanchez Energy (SN) to Hold

Sanchez Energy (NYSE:SN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

According to Zacks, “Sanchez Energy Corporation is an independent oil and gas exploration and development company focused on the exploration, acquisition and development of unconventional oil and natural gas resources, primarily in the Eagle Ford Shale in South Texas. Sanchez Energy Corporation is headquartered in Houston, Texas. “

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered shares of Sanchez Energy from a “neutral” rating to an “underweight” rating in a research report on Friday, December 15th. BMO Capital Markets set a $5.00 target price on shares of Sanchez Energy and gave the company a “hold” rating in a research report on Tuesday, October 10th. Northland Securities set a $6.00 target price on shares of Sanchez Energy and gave the company a “buy” rating in a research report on Monday, December 11th. Stifel Nicolaus set a $5.00 target price on shares of Sanchez Energy and gave the company a “hold” rating in a research report on Thursday, October 5th. Finally, Seaport Global Securities upgraded shares of Sanchez Energy from a “sell” rating to a “neutral” rating and set a $4.50 target price for the company in a research report on Wednesday, October 4th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Sanchez Energy presently has a consensus rating of “Hold” and an average price target of $8.58.

Sanchez Energy (SN) opened at $5.46 on Friday. The company has a market cap of $459.35, a P/E ratio of 19.50 and a beta of 1.72. Sanchez Energy has a 12 month low of $3.58 and a 12 month high of $14.39. The company has a debt-to-equity ratio of -3.72, a quick ratio of 0.88 and a current ratio of 0.88.

Sanchez Energy (NYSE:SN) last issued its quarterly earnings data on Thursday, November 2nd. The energy producer reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.07. equities analysts forecast that Sanchez Energy will post -0.99 EPS for the current year.

In other news, VP Gregory B. Kopel sold 7,960 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $5.61, for a total value of $44,655.60. Following the completion of the sale, the vice president now directly owns 109,488 shares in the company, valued at approximately $614,227.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Eduardo Augusto Sanchez sold 250,337 shares of the business’s stock in a transaction that occurred on Thursday, December 13th. The stock was sold at an average price of $4.66, for a total transaction of $1,166,570.42. Following the completion of the sale, the insider now owns 985,644 shares of the company’s stock, valued at $4,593,101.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 605,022 shares of company stock valued at $2,880,942. Company insiders own 14.70% of the company’s stock.

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in Sanchez Energy by 44.9% during the 3rd 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. Baker Avenue Asset Management LP raised its holdings in Sanchez Energy by 41.1% during the 2nd quarter. Baker Avenue Asset Management LP now owns 160,856 shares of the energy producer’s stock valued at $1,155,000 after buying an additional 46,841 shares during the last quarter. Nomura Holdings Inc. bought a new stake in Sanchez Energy during the 2nd quarter valued at $359,000. Northern Trust Corp raised its holdings in Sanchez Energy by 13.9% during the 2nd quarter. Northern Trust Corp now owns 893,791 shares of the energy producer’s stock valued at $6,417,000 after buying an additional 109,054 shares during the last quarter. Finally, Benefit Street Partners LLC bought a new stake in Sanchez Energy during the 2nd quarter valued at $629,000. Institutional investors own 59.05% of the company’s stock.

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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.

Analyst Recommendations for Sanchez Energy (NYSE:SN)

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