Sanchez Energy (NYSE:SN) has been assigned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $4.63.
A number of brokerages have issued reports on SN. Johnson Rice lowered shares of Sanchez Energy from a “buy” rating to an “accumulate” rating in a research note on Tuesday, May 8th. Stephens reaffirmed a “hold” rating and issued a $4.00 price objective on shares of Sanchez Energy in a research note on Tuesday, April 24th. Northland Securities reaffirmed a “hold” rating and issued a $3.50 price objective on shares of Sanchez Energy in a research note on Friday, April 20th. Stifel Nicolaus set a $3.00 price objective on shares of Sanchez Energy and gave the company a “hold” rating in a research note on Wednesday, March 28th. Finally, KLR Group lowered shares of Sanchez Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 18th.
In related news, Chairman Antonio R. Sanchez, Jr. sold 19,618 shares of Sanchez Energy stock in a transaction 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 in the company, valued at approximately $5,442,046.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Antonio R. Sanchez, Jr. sold 72,307 shares of Sanchez Energy stock in a transaction on Wednesday, February 21st. The stock was 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 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 ninety days, insiders sold 164,291 shares of company stock valued at $539,272. 11.12% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. raised its holdings in Sanchez Energy by 55.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 162,600 shares of the energy producer’s stock worth $863,000 after acquiring an additional 58,290 shares during the period. BlueCrest Capital Management Ltd raised its holdings in Sanchez Energy by 63.5% in the 4th quarter. BlueCrest Capital Management Ltd now owns 77,488 shares of the energy producer’s stock worth $411,000 after acquiring an additional 30,085 shares during the period. Penn Capital Management Co. Inc. increased its holdings in shares of 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 worth $6,811,000 after purchasing an additional 573,043 shares during the period. Kovack Advisors Inc. bought a new position in shares of Sanchez Energy during the 4th quarter worth about $255,000. Finally, Millennium Management LLC increased its holdings in shares of Sanchez Energy by 3,483.5% during the 4th 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. Hedge funds and other institutional investors own 54.99% of the company’s stock.
Shares of NYSE:SN traded down $0.02 during trading on Tuesday, reaching $4.08. 5,165,246 shares of the company traded hands, compared to its average volume of 3,653,336. The firm has a market capitalization of $337.28 million, a P/E ratio of -12.75 and a beta of 1.77. Sanchez Energy has a 1-year low of $2.78 and a 1-year high of $7.65. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of -5.07.
Sanchez Energy (NYSE:SN) last issued its earnings results on Tuesday, May 8th. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.21). The company had revenue of $251.00 million for the quarter, compared to analyst estimates of $243.60 million. Sanchez Energy had a negative net margin of 7.54% and a negative return on equity of 13.00%. The company’s quarterly revenue was up 87.6% on a year-over-year basis. During the same period last year, the business earned ($0.18) EPS. equities research analysts expect that Sanchez Energy will post 0.67 earnings per share for the current fiscal year.
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.
Receive News & Ratings for Sanchez Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanchez Energy and related companies with MarketBeat.com's FREE daily email newsletter.