Wall Street brokerages predict that Sanchez Energy Corp (NYSE:SN) will announce $231.18 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Sanchez Energy’s earnings. The highest sales estimate is $236.00 million and the lowest is $217.00 million. Sanchez Energy posted sales of $125.74 million in the same quarter last year, which suggests a positive year-over-year growth rate of 83.9%. The firm is scheduled to report its next earnings report before the market opens on Wednesday, February 28th.
According to Zacks, analysts expect that Sanchez Energy will report full-year sales of $231.18 million for the current fiscal year, with estimates ranging from $712.00 million to $731.51 million. For the next year, analysts anticipate that the firm will report sales of $1.02 billion per share, with estimates ranging from $982.00 million to $1.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Sanchez Energy.
SN has been the subject of a number of research reports. Zacks Investment Research downgraded Sanchez Energy from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. Piper Jaffray Companies reiterated a “hold” rating and set a $8.00 target price on shares of Sanchez Energy in a research report on Tuesday, January 9th. BMO Capital Markets set a $5.00 target price on Sanchez Energy and gave the company a “hold” rating in a research report on Tuesday, November 14th. 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. Finally, ValuEngine downgraded Sanchez Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $7.77.
Shares of Sanchez Energy (NYSE SN) traded down $0.24 on Wednesday, reaching $3.51. 5,114,141 shares of the company’s stock were exchanged, compared to its average volume of 3,530,000. The company has a debt-to-equity ratio of -3.72, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $295.29, a price-to-earnings ratio of 12.54 and a beta of 1.54. Sanchez Energy has a twelve month low of $3.38 and a twelve month high of $12.08.
In other news, Chairman Antonio R. Sanchez, Jr. sold 66,536 shares of Sanchez Energy 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 completion of the sale, the chairman now directly owns 1,642,316 shares in the company, valued at $8,572,889.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Kirsten A. Hink sold 9,949 shares of Sanchez Energy stock in a transaction on Monday, January 8th. The stock was sold at an average price of $5.22, for a total value 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 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. 14.70% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Sanchez Energy by 44.9% during the third quarter. JPMorgan Chase & Co. now owns 1,789,224 shares of the energy producer’s stock worth $8,804,000 after purchasing an additional 554,240 shares during the last quarter. Kovack Advisors Inc. bought a new stake in shares of Sanchez Energy during the fourth quarter worth $255,000. Nomura Holdings Inc. bought a new stake in shares of Sanchez Energy during the second quarter worth $359,000. Northern Trust Corp lifted its position in shares of Sanchez Energy by 13.9% during the second quarter. Northern Trust Corp now owns 893,791 shares of the energy producer’s stock worth $6,417,000 after purchasing an additional 109,054 shares during the last quarter. Finally, Benefit Street Partners LLC purchased a new position in shares of Sanchez Energy during the second quarter valued at $629,000. Institutional investors and hedge funds own 58.61% 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.
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