Sanchez Energy Corp (SN) Insider Sells $244,397.66 in Stock

Sanchez Energy Corp (NYSE:SN) insider Antonio R. Sanchez, Jr. sold 72,307 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $3.38, for a total transaction of $244,397.66. Following the completion of the transaction, the insider now directly owns 1,969,498 shares of the company’s stock, valued at $6,656,903.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sanchez Energy Corp (NYSE SN) traded up $0.20 during midday trading on Thursday, reaching $3.54. 3,105,760 shares of the company’s stock traded hands, compared to its average volume of 3,590,000. The company has a debt-to-equity ratio of -3.72, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $297.82, a price-to-earnings ratio of 12.64 and a beta of 1.54. Sanchez Energy Corp has a 52 week low of $3.33 and a 52 week high of $11.99.

A number of research firms recently weighed in on SN. Zacks Investment Research lowered shares of Sanchez Energy from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. 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. ValuEngine lowered shares of Sanchez Energy from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Northland Securities set a $6.00 target price on shares of Sanchez Energy and gave the company a “buy” rating in a report on Monday, December 11th. Finally, JPMorgan Chase & Co. lowered shares of Sanchez Energy from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Sanchez Energy currently has an average rating of “Hold” and an average price target of $7.77.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. boosted its stake in Sanchez Energy by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 50,374 shares of the energy producer’s stock worth $362,000 after buying an additional 231 shares during the period. Voya Investment Management LLC boosted its stake in Sanchez Energy by 16.8% during the second quarter. Voya Investment Management LLC now owns 33,214 shares of the energy producer’s stock worth $238,000 after buying an additional 4,770 shares during the period. California Public Employees Retirement System boosted its stake in Sanchez Energy by 2.2% during the second quarter. California Public Employees Retirement System now owns 294,800 shares of the energy producer’s stock worth $2,117,000 after buying an additional 6,400 shares during the period. Teachers Advisors LLC boosted its stake in Sanchez Energy by 5.9% during the second quarter. Teachers Advisors LLC now owns 127,300 shares of the energy producer’s stock worth $914,000 after buying an additional 7,093 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Sanchez Energy by 23.9% during the second quarter. The Manufacturers Life Insurance Company now owns 56,593 shares of the energy producer’s stock worth $406,000 after buying an additional 10,910 shares during the period. 58.61% of the stock is owned by institutional investors.

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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.

Insider Buying and Selling by Quarter for Sanchez Energy (NYSE:SN)

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