Sanchez Energy Corp (NYSE:SN) has been assigned an average rating of “Hold” from the thirteen analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and eleven have issued a hold rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $3.57.
A number of research firms recently commented on SN. ValuEngine downgraded 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 downgraded Sanchez Energy from an “outperform” rating to a “sector perform” rating and set a $7.00 price target for the company. in a research note on Wednesday, August 8th. SunTrust Banks set a $4.00 price target 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 issued a $3.00 price target on shares of Sanchez Energy in a research note on Thursday, August 9th.
In other Sanchez Energy news, CFO Howard J. Sr Thill, Sr. sold 21,877 shares of Sanchez Energy stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $2.46, for a total value of $53,817.42. Following the completion of the transaction, the chief financial officer now directly owns 348,373 shares in the company, valued at $856,997.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.12% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Metropolitan Life Insurance Co. NY acquired a new position in Sanchez Energy in the second quarter valued at approximately $127,000. MetLife Investment Advisors LLC acquired a new position in Sanchez Energy in the second quarter valued at approximately $180,000. Dynamic Technology Lab Private Ltd boosted its stake in Sanchez Energy by 196.1% in the first quarter. Dynamic Technology Lab Private Ltd now owns 68,913 shares of the energy producer’s stock valued at $215,000 after acquiring an additional 45,638 shares during the period. Stonebridge Capital Management Inc. boosted its stake in Sanchez Energy by 67.3% in the third quarter. Stonebridge Capital Management Inc. now owns 122,416 shares of the energy producer’s stock valued at $282,000 after acquiring an additional 49,231 shares during the period. Finally, GFS Advisors LLC boosted its stake in Sanchez Energy by 56.3% in the second quarter. GFS Advisors LLC now owns 125,000 shares of the energy producer’s stock valued at $565,000 after acquiring an additional 45,000 shares during the period. Institutional investors own 48.25% of the company’s stock.
NYSE:SN opened at $1.61 on Tuesday. The stock has a market capitalization of $140.77 million, a P/E ratio of -5.03 and a beta of 1.86. Sanchez Energy has a one year low of $1.36 and a one year high of $6.19.
Sanchez Energy (NYSE:SN) last posted its quarterly earnings results on Thursday, November 1st. The energy producer reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.14). The firm had revenue of $277.71 million during the quarter, compared to analyst estimates of $255.06 million. Sanchez Energy had a negative return on equity of 8.96% and a negative net margin of 9.24%. The firm’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same quarter last year, the business posted $0.22 earnings per share. Analysts anticipate that Sanchez Energy will post -0.38 EPS for the current fiscal year.
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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