Sanchez Energy (SN) Earns Hold Rating from Royal Bank of Canada

Royal Bank of Canada reissued their hold rating on shares of Sanchez Energy (NYSE:SN) in a research note published on Tuesday morning. Royal Bank of Canada currently has a $2.50 target price on the energy producer’s stock.

Several other research analysts have also commented on SN. ValuEngine lowered Sanchez Energy from a sell rating to a strong sell rating in a research report on Monday, July 16th. Northland Securities reiterated a hold rating and issued a $3.00 price target on shares of Sanchez Energy in a research report on Thursday, August 9th. BMO Capital Markets reiterated a hold rating and issued a $4.00 price target on shares of Sanchez Energy in a research report on Monday, August 13th. SunTrust Banks set a $2.00 price target on Sanchez Energy and gave the stock a hold rating in a research report on Tuesday, October 23rd. Finally, Capital One Financial reiterated an underweight rating on shares of Sanchez Energy in a research report on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. Sanchez Energy presently has a consensus rating of Hold and an average price target of $3.31.

Shares of Sanchez Energy stock opened at $1.58 on Tuesday. The stock has a market cap of $140.77 million, a PE ratio of -4.94 and a beta of 1.86. Sanchez Energy has a twelve month low of $1.36 and a twelve month high of $6.19.

Sanchez Energy (NYSE:SN) last released its quarterly earnings results on Thursday, November 1st. The energy producer reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.14). The company had revenue of $277.71 million during the quarter, compared to analysts’ expectations of $255.06 million. Sanchez Energy had a negative return on equity of 8.96% and a negative net margin of 9.24%. The company’s revenue was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 EPS. As a group, sell-side analysts forecast that Sanchez Energy will post -0.38 EPS for the current year.

In other Sanchez Energy news, CFO Howard J. Sr Thill, Sr. sold 21,877 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $2.46, for a total transaction of $53,817.42. Following the completion of the transaction, the chief financial officer now owns 348,373 shares in the company, valued at $856,997.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.12% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its stake in shares of Sanchez Energy by 11.8% during the second quarter. Oppenheimer & Co. Inc. now owns 184,100 shares of the energy producer’s stock valued at $832,000 after acquiring an additional 19,500 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Sanchez Energy by 12.1% during the second quarter. Russell Investments Group Ltd. now owns 228,332 shares of the energy producer’s stock valued at $1,031,000 after acquiring an additional 24,649 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in shares of Sanchez Energy during the second quarter valued at approximately $127,000. MetLife Investment Advisors LLC bought a new stake in shares of Sanchez Energy during the second quarter valued at approximately $180,000. Finally, GFS Advisors LLC raised 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 worth $565,000 after buying an additional 45,000 shares in the last quarter. 48.25% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Sanchez Energy (NYSE:SN)

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