An issue of Sanchez Energy Corp (NYSE:SN) debt fell 1.5% against its face value during trading on Friday. The high-yield issue of debt has a 6.125% coupon and will mature on January 15, 2023. The debt is now trading at $72.00 and was trading at $73.74 one week ago. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its share price.
Several brokerages have recently commented on SN. Zacks Investment Research lowered Sanchez Energy from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Piper Jaffray Companies reiterated a “hold” rating and issued a $8.00 target price on shares of Sanchez Energy in a research report on Tuesday, January 9th. ValuEngine lowered Sanchez Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Northland Securities set a $6.00 target price on Sanchez Energy and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, JPMorgan Chase & Co. lowered Sanchez Energy from a “neutral” rating to an “underweight” rating in a research report on Friday, December 15th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Sanchez Energy has a consensus rating of “Hold” and an average target price of $7.95.
Sanchez Energy Corp (SN) opened at $2.94 on Friday. Sanchez Energy Corp has a 12-month low of $2.82 and a 12-month high of $10.20. The stock has a market capitalization of $247.73, a P/E ratio of -1.74 and a beta of 1.88. The company has a debt-to-equity ratio of -4.12, a quick ratio of 0.76 and a current ratio of 0.76.
Sanchez Energy (NYSE:SN) last released its quarterly earnings data on Monday, February 26th. The energy producer reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.13. The company had revenue of $246.00 million for the quarter, compared to analyst estimates of $229.20 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’s revenue for the quarter was up 95.7% compared to the same quarter last year. equities analysts forecast that Sanchez Energy Corp will post 1.18 earnings per share for the current fiscal year.
In related news, VP Gregory B. Kopel sold 7,960 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $5.61, for a total transaction of $44,655.60. Following the completion of the transaction, the vice president now owns 109,488 shares in the company, valued at approximately $614,227.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Antonio R. Sanchez, Jr. sold 19,618 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $2.98, for a total value of $58,461.64. Following the transaction, the chairman now owns 1,826,190 shares of the company’s stock, valued at approximately $5,442,046.20. The disclosure for this sale can be found here. Insiders have sold a total of 217,297 shares of company stock valued at $913,312 in the last 90 days. Insiders own 14.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. boosted its position in Sanchez Energy by 55.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 162,600 shares of the energy producer’s stock valued at $863,000 after purchasing an additional 58,290 shares during the period. Penn Capital Management Co. Inc. boosted its position in Sanchez Energy by 81.0% during the 4th quarter. Penn Capital Management Co. Inc. now owns 1,280,826 shares of the energy producer’s stock valued at $6,811,000 after purchasing an additional 573,043 shares during the period. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 554,240 shares during the period. Kovack Advisors Inc. acquired a new position in Sanchez Energy during the 4th quarter valued at approximately $255,000. Finally, Victory Capital Management Inc. boosted its position in Sanchez Energy by 46.5% during the 4th quarter. Victory Capital Management Inc. now owns 269,832 shares of the energy producer’s stock valued at $1,433,000 after purchasing an additional 85,632 shares during the period. Institutional investors and hedge funds own 56.68% 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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