Sanchez Energy (SN) Short Interest Update

Sanchez Energy (NYSE:SN) saw a significant decrease in short interest in the month of March. As of March 29th, there was short interest totalling 24,284,905 shares, a decrease of 14.6% from the March 15th total of 28,435,901 shares. Based on an average daily trading volume, of 3,381,619 shares, the short-interest ratio is currently 7.2 days. Currently, 33.5% of the company’s shares are sold short.

In related news, Chairman Antonio R. Sanchez, Jr. sold 19,618 shares of the company’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $2.98, for a total transaction of $58,461.64. Following the sale, the chairman now owns 1,826,190 shares in the company, valued at approximately $5,442,046.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Antonio R. Sanchez, Jr. sold 72,307 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $3.38, for a total value of $244,397.66. Following the sale, the insider now owns 1,969,498 shares in the company, valued at approximately $6,656,903.24. The disclosure for this sale can be found here. In the last three months, insiders sold 112,949 shares of company stock valued at $365,511. Insiders own 14.70% of the company’s stock.

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Large investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC boosted its holdings in Sanchez Energy by 180.1% in the third quarter. Cubist Systematic Strategies LLC now owns 21,841 shares of the energy producer’s stock worth $105,000 after acquiring an additional 14,044 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Sanchez Energy in the fourth quarter worth approximately $131,000. IFP Advisors Inc boosted its holdings in Sanchez Energy by 71.9% in the fourth quarter. IFP Advisors Inc now owns 26,350 shares of the energy producer’s stock worth $140,000 after acquiring an additional 11,025 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in Sanchez Energy in the fourth quarter worth approximately $177,000. Finally, Engineers Gate Manager LP bought a new position in Sanchez Energy in the fourth quarter worth approximately $234,000. Institutional investors and hedge funds own 56.83% of the company’s stock.

Shares of NYSE:SN opened at $3.74 on Tuesday. The company has a market capitalization of $311.36, a price-to-earnings ratio of -11.69 and a beta of 1.74. 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 has a 52-week low of $2.78 and a 52-week high of $8.68.

Sanchez Energy (NYSE:SN) last announced its quarterly earnings results on Monday, February 26th. The energy producer reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.13. The firm had revenue of $246.00 million during the quarter, compared to the consensus estimate of $229.20 million. The firm’s revenue was up 95.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 EPS. equities research analysts anticipate that Sanchez Energy will post 1.19 earnings per share for the current year.

Several equities research analysts recently commented on SN shares. Zacks Investment Research lowered Sanchez Energy from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. Piper Jaffray restated a “hold” rating and set 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 lowered Sanchez Energy from an “outperform” rating to a “market perform” rating and set a $20.00 target price on the stock. in a research report on Tuesday, February 27th. Finally, SunTrust Banks restated a “hold” rating and set a $4.00 target price on shares of Sanchez Energy in a research report on Monday, February 26th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Sanchez Energy presently has a consensus rating of “Hold” and a consensus price target of $7.39.

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About Sanchez Energy

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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