Shares of Sanchez Energy Corp (NYSE:SN) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $2.63.
A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Sanchez Energy from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 1st. SunTrust Banks set a $1.00 price target on shares of Sanchez Energy and gave the stock a “hold” rating in a research note on Tuesday, November 27th. Stifel Nicolaus restated a “hold” rating and issued a $0.90 price target on shares of Sanchez Energy in a research note on Monday, November 26th. Royal Bank of Canada restated a “hold” rating and issued a $2.50 price target on shares of Sanchez Energy in a research note on Tuesday, November 6th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $3.00 price target on shares of Sanchez Energy in a research note on Thursday, August 30th.
In related news, CFO Howard J. Sr Thill, Sr. sold 21,877 shares of Sanchez Energy stock in a transaction on Monday, October 15th. The shares were sold at an average price of $2.46, for a total value of $53,817.42. Following the completion of the sale, the chief financial officer now owns 348,373 shares in the company, valued at $856,997.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 14.70% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. increased its stake in 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 purchasing an additional 19,500 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings 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 during the period. Metropolitan Life Insurance Co. NY acquired a new position in shares of Sanchez Energy during the second quarter valued at $127,000. MetLife Investment Advisors LLC acquired a new position in shares of Sanchez Energy during the second quarter valued at $180,000. Finally, GFS Advisors LLC boosted its holdings in shares of Sanchez Energy by 56.3% during 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. Hedge funds and other institutional investors own 40.32% of the company’s stock.
Shares of SN traded down $0.30 during mid-day trading on Friday, reaching $0.41. 13,593,944 shares of the stock traded hands, compared to its average volume of 3,282,982. The firm has a market capitalization of $62.15 million, a P/E ratio of -1.28 and a beta of 1.78. Sanchez Energy has a 12-month low of $0.23 and a 12-month high of $6.19.
Sanchez Energy (NYSE:SN) last issued its quarterly earnings results on Thursday, November 1st. The energy producer reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.14). The company had revenue of $277.71 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 50.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. As a group, analysts forecast that Sanchez Energy will post -0.63 earnings per share for the current 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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