Sanchez Energy (NYSE:SN) has been assigned a $4.00 target price by stock analysts at Piper Jaffray in a research report issued on Wednesday, March 14th. The firm currently has a “hold” rating on the energy producer’s stock. Piper Jaffray’s price target would suggest a potential upside of 20.12% from the stock’s previous close.
SN has been the topic of a number of other research reports. JPMorgan Chase cut shares of Sanchez Energy from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. ValuEngine lowered shares of Sanchez Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Sanchez Energy from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Northland Securities set a $6.00 price target on shares of Sanchez Energy and gave the company a “buy” rating in a research report on Monday, December 11th. Finally, BMO Capital Markets set a $5.00 target price on shares of Sanchez Energy and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Sanchez Energy has an average rating of “Hold” and an average target price of $7.39.
Shares of Sanchez Energy stock traded down $0.20 during mid-day trading on Wednesday, hitting $3.33. 1,849,242 shares of the stock were exchanged, compared to its average volume of 2,874,814. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of -4.12. The stock has a market cap of $299.48, a P/E ratio of -10.41 and a beta of 1.75. Sanchez Energy has a 12 month low of $2.78 and a 12 month high of $9.73.
Sanchez Energy (NYSE:SN) last posted its quarterly earnings results on Monday, February 26th. The energy producer reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.13. The company had revenue of $246.00 million during the quarter, compared to the consensus estimate of $229.20 million. The company’s revenue for the quarter was up 95.7% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. equities analysts anticipate that Sanchez Energy will post 1.19 EPS for the current year.
In related news, Chairman Antonio R. Sanchez, Jr. sold 66,536 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $5.22, for a total value of $347,317.92. Following the completion of the transaction, the chairman now directly owns 1,642,316 shares of the company’s stock, valued at $8,572,889.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Kirsten A. Hink sold 9,949 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $5.22, for a total transaction of $51,933.78. Following the completion of the transaction, the chief accounting officer now directly owns 157,261 shares of the company’s stock, valued at $820,902.42. The disclosure for this sale can be found here. Insiders sold 209,337 shares of company stock valued at $868,656 over the last three months. 14.70% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC bought a new position in Sanchez Energy in the fourth quarter worth about $177,000. Millennium Management LLC grew its holdings in Sanchez Energy by 3,483.5% in the fourth quarter. Millennium Management LLC now owns 2,975,150 shares of the energy producer’s stock worth $15,798,000 after purchasing an additional 2,892,127 shares during the period. Western Asset Management Co. grew its holdings in Sanchez Energy by 183.4% in 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 grew its holdings in Sanchez Energy by 10.8% in 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. Finally, Deutsche Bank AG grew its holdings in Sanchez Energy by 132.6% in 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. 56.83% of the stock is owned by institutional investors.
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Sanchez Energy Company Profile
Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition and development of U.S. onshore unconventional oil and natural gas resources. It engages in the horizontal development of resources from the Eagle Ford Shale in South Texas. It also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.
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