Sanchez Energy (NYSE:SN) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Sanchez Energy (NYSE:SN) from a buy rating to a hold rating in a research report report published on Friday, January 19th.

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. “

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Sanchez Energy from a neutral rating to an underweight rating in a report on Friday, December 15th. Piper Jaffray Companies reissued a hold rating and issued a $8.00 target price on shares of Sanchez Energy in a report on Tuesday, January 9th. BMO Capital Markets set a $5.00 target price on shares of Sanchez Energy and gave the stock a hold rating in a report on Tuesday, October 10th. Northland Securities set a $6.00 target price on shares of Sanchez Energy and gave the stock a buy rating in a report on Monday, December 11th. Finally, Stifel Nicolaus set a $5.00 price target on Sanchez Energy and gave the company a hold rating in a report on Thursday, October 5th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $7.77.

Shares of Sanchez Energy (NYSE SN) traded down $0.16 during midday trading on Friday, reaching $3.67. 4,931,226 shares of the company’s stock were exchanged, compared to its average volume of 3,350,000. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of -3.72. Sanchez Energy has a 1 year low of $3.58 and a 1 year high of $13.30. The company has a market capitalization of $308.75, a PE ratio of 13.11 and a beta of 1.54.

In related news, CAO Kirsten A. Hink sold 9,949 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $5.22, for a total transaction of $51,933.78. Following the sale, the chief accounting officer now owns 157,261 shares of the company’s stock, valued at $820,902.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eduardo Augusto Sanchez sold 250,337 shares of the business’s stock in a transaction that occurred on 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 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. In the last ninety days, insiders have sold 605,022 shares of company stock worth $2,880,942. Corporate insiders own 14.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position 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 worth $8,804,000 after buying an additional 554,240 shares during the last quarter. Baker Avenue Asset Management LP grew its position 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 worth $1,155,000 after buying an additional 46,841 shares during the last quarter. Nomura Holdings Inc. acquired a new position in Sanchez Energy in the second quarter worth approximately $359,000. Northern Trust Corp grew its position in Sanchez Energy by 13.9% in the second quarter. Northern Trust Corp now owns 893,791 shares of the energy producer’s stock worth $6,417,000 after buying an additional 109,054 shares during the last quarter. Finally, Benefit Street Partners LLC acquired a new position in Sanchez Energy in the second quarter worth approximately $629,000. Hedge funds and other institutional investors own 59.37% of the company’s stock.

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Sanchez Energy 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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