Analysts forecast that Sanchez Energy Corp (NYSE:SN) will report ($0.01) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Sanchez Energy’s earnings. The lowest EPS estimate is ($0.17) and the highest is $0.09. Sanchez Energy posted earnings per share of ($0.12) in the same quarter last year, which indicates a positive year over year growth rate of 91.7%. The firm is expected to report its next quarterly earnings report on Thursday, November 1st.
According to Zacks, analysts expect that Sanchez Energy will report full-year earnings of ($0.32) per share for the current year, with EPS estimates ranging from ($0.70) to ($0.11). For the next fiscal year, analysts anticipate that the business will report earnings of $0.73 per share, with EPS estimates ranging from ($0.08) to $1.28. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Sanchez Energy.
Sanchez Energy (NYSE:SN) last issued its earnings results on Tuesday, August 7th. The energy producer reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.33). The firm had revenue of $259.31 million during the quarter, compared to the consensus estimate of $252.49 million. Sanchez Energy had a negative return on equity of 8.74% and a negative net margin of 15.50%.
Several research analysts have issued reports on the company. ValuEngine lowered Sanchez Energy from a “sell” rating to a “strong sell” rating in a research note on Monday, July 16th. Capital One Financial reiterated an “underweight” rating on shares of Sanchez Energy in a research note on Tuesday, August 7th. Royal Bank of Canada lowered Sanchez Energy from an “outperform” rating to a “sector perform” rating and set a $7.00 price objective for the company. in a research note on Wednesday, August 8th. SunTrust Banks set a $4.00 price objective on Sanchez Energy and gave the stock a “hold” rating in a research note on Wednesday, August 8th. Finally, Northland Securities reiterated a “hold” rating and set a $3.00 price objective on shares of Sanchez Energy in a research note on Thursday, August 9th. Two research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $4.13.
In other Sanchez Energy news, CAO Kirsten A. Hink sold 8,486 shares of the stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $4.41, for a total transaction of $37,423.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 11.12% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Northern Trust Corp increased its stake in shares of Sanchez Energy by 6.1% in the second quarter. Northern Trust Corp now owns 921,311 shares of the energy producer’s stock valued at $4,165,000 after buying an additional 52,905 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Sanchez Energy by 73.8% in the second quarter. Jane Street Group LLC now owns 135,695 shares of the energy producer’s stock valued at $613,000 after buying an additional 57,627 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Sanchez Energy in the second quarter valued at $180,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Sanchez Energy in the second quarter valued at $127,000. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of Sanchez Energy by 74.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 120,330 shares of the energy producer’s stock valued at $544,000 after buying an additional 51,417 shares in the last quarter. Institutional investors own 47.98% of the company’s stock.
Sanchez Energy stock opened at $2.50 on Wednesday. The company has a debt-to-equity ratio of -4.55, a current ratio of 1.12 and a quick ratio of 1.12. Sanchez Energy has a 52-week low of $2.26 and a 52-week high of $6.19. The firm has a market cap of $201.11 million, a price-to-earnings ratio of -7.81 and a beta of 1.69.
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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