Sanchez Energy (SN) Sets New 1-Year Low at $0.23

Shares of Sanchez Energy Corp (NYSE:SN) hit a new 52-week low on Thursday . The stock traded as low as $0.23 and last traded at $0.43, with a volume of 165334 shares trading hands. The stock had previously closed at $0.71.

Several analysts have recently weighed in on SN shares. SunTrust Banks set a $2.00 price objective on Sanchez Energy and gave the company a “hold” rating in a report on Tuesday, October 23rd. Stifel Nicolaus restated a “hold” rating and issued a $0.90 price objective on shares of Sanchez Energy in a report on Monday, November 26th. Royal Bank of Canada restated a “hold” rating and issued a $2.50 price objective on shares of Sanchez Energy in a report on Tuesday, November 6th. Zacks Investment Research lowered Sanchez Energy from a “hold” rating to a “strong sell” rating in a report on Saturday, December 1st. Finally, ValuEngine upgraded Sanchez Energy from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Three research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $3.05.

The stock has a market capitalization of $62.15 million, a PE ratio of -1.28 and a beta of 1.78.

Sanchez Energy (NYSE:SN) last announced its 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 for 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 period last year, the firm earned $0.22 earnings per share. On average, sell-side analysts expect that Sanchez Energy Corp will post -0.63 EPS for the current fiscal year.

In other news, CFO Howard J. Sr Thill, Sr. sold 21,877 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 348,373 shares of the company’s stock, valued at $856,997.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.70% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Sanchez Energy during the second quarter worth $127,000. MetLife Investment Advisors LLC acquired a new stake in shares of Sanchez Energy during the second quarter worth $180,000. Thrivent Financial for Lutherans acquired a new stake in shares of Sanchez Energy during the third quarter worth $193,000. Stonebridge Capital Management Inc. raised its position in shares of Sanchez Energy by 67.3% during the third quarter. Stonebridge Capital Management Inc. now owns 122,416 shares of the energy producer’s stock worth $282,000 after purchasing an additional 49,231 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of Sanchez Energy by 74.6% during the second quarter. Dynamic Technology Lab Private Ltd now owns 120,330 shares of the energy producer’s stock worth $544,000 after purchasing an additional 51,417 shares during the period. 40.32% of the stock is currently owned by institutional investors.

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About Sanchez Energy (NYSE:SN)

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.

Further Reading: Bond

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