Sanchez Energy Corp (NYSE:SN) – Investment analysts at Capital One Financial boosted their FY2017 EPS estimates for shares of Sanchez Energy in a research note issued on Thursday, according to Zacks Investment Research. Capital One Financial analyst P. Johnston now expects that the energy producer will earn ($1.12) per share for the year, up from their previous forecast of ($1.20). Capital One Financial also issued estimates for Sanchez Energy’s Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.54 EPS, Q4 2018 earnings at $0.56 EPS and FY2018 earnings at $2.04 EPS.
Several other research firms also recently issued reports on SN. Zacks Investment Research downgraded shares of Sanchez Energy from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. Piper Jaffray Companies restated a “hold” rating and issued a $8.00 target price on shares of Sanchez Energy in a research note on Tuesday, January 9th. BMO Capital Markets set a $5.00 target price on shares of Sanchez Energy and gave the company a “hold” rating in a research note on Tuesday, November 14th. SunTrust Banks restated a “hold” rating and issued a $5.00 target price on shares of Sanchez Energy in a research note on Friday, October 20th. Finally, Northland Securities set a $6.00 target price on shares of Sanchez Energy and gave the company a “buy” rating in a research note on Monday, December 11th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Sanchez Energy has an average rating of “Hold” and an average price target of $7.77.
Sanchez Energy (NYSE:SN) traded up $0.15 on Monday, reaching $3.83. 3,142,843 shares of the company’s stock traded hands, compared to its average volume of 3,451,473. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of -3.72. Sanchez Energy has a 12 month low of $3.56 and a 12 month high of $12.64. The stock has a market capitalization of $311.28, a P/E ratio of 13.68 and a beta of 1.54.
Several large investors have recently modified their holdings of the business. Western Asset Management Co. raised its holdings in shares of Sanchez Energy by 183.4% during the fourth quarter. Western Asset Management Co. now owns 155,890 shares of the energy producer’s stock worth $828,000 after purchasing an additional 100,890 shares during the period. Baker Avenue Asset Management LP raised its holdings in shares of Sanchez Energy by 10.8% during the fourth quarter. Baker Avenue Asset Management LP now owns 218,981 shares of the energy producer’s stock worth $1,163,000 after purchasing an additional 21,370 shares during the period. Deutsche Bank AG raised its holdings in shares of Sanchez Energy by 132.6% during the fourth quarter. Deutsche Bank AG now owns 168,321 shares of the energy producer’s stock worth $892,000 after purchasing an additional 95,949 shares during the period. BlueCrest Capital Management Ltd raised its holdings in shares of Sanchez Energy by 63.5% during the fourth quarter. BlueCrest Capital Management Ltd now owns 77,488 shares of the energy producer’s stock worth $411,000 after purchasing an additional 30,085 shares during the period. Finally, MANA Advisors LLC acquired a new stake in shares of Sanchez Energy during the fourth quarter worth $246,000. 59.37% of the stock is currently owned by institutional investors.
In related news, CAO Kirsten A. Hink sold 9,949 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $5.22, for a total value of $51,933.78. Following the sale, the chief accounting officer now directly owns 157,261 shares of the company’s stock, valued at $820,902.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eduardo Augusto Sanchez sold 250,337 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were 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 directly owns 985,644 shares in the company, valued at $4,593,101.04. The disclosure for this sale can be found here. Insiders sold 605,022 shares of company stock worth $2,880,942 over the last ninety days. 14.70% of the stock is currently owned by corporate insiders.
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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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