Zacks: Analysts Anticipate Sanchez Energy Corp (SN) Will Announce Earnings of $0.01 Per Share

Wall Street brokerages expect that Sanchez Energy Corp (NYSE:SN) will announce earnings of $0.01 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Sanchez Energy Corp’s earnings. The highest EPS estimate is $0.17 and the lowest is ($0.06). Sanchez Energy Corp reported earnings of ($0.23) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 104.3%. The company is scheduled to report its next earnings results on Monday, August 14th.

On average, analysts expect that Sanchez Energy Corp will report full-year earnings of ($0.27) per share for the current financial year, with EPS estimates ranging from ($0.47) to $0.03. For the next year, analysts expect that the business will post earnings of $1.67 per share, with EPS estimates ranging from $0.63 to $2.86. Zacks’ EPS calculations are an average based on a survey of analysts that follow Sanchez Energy Corp.

Sanchez Energy Corp (NYSE:SN) last posted its quarterly earnings data on Tuesday, May 9th. The energy producer reported ($1.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.84. The firm had revenue of $133.80 million for the quarter, compared to analyst estimates of $128.68 million. Sanchez Energy Corp’s revenue was up 67.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.30) earnings per share.

Several equities analysts have recently issued reports on SN shares. Zacks Investment Research lowered Sanchez Energy Corp from a “hold” rating to a “sell” rating in a research report on Friday, April 14th. Royal Bank of Canada set a $14.00 target price on Sanchez Energy Corp and gave the company a “buy” rating in a research note on Tuesday, April 25th. KLR Group restated a “buy” rating and issued a $10.00 target price (down previously from $12.00) on shares of Sanchez Energy Corp in a research note on Wednesday, May 17th. Stifel Nicolaus restated a “hold” rating and issued a $9.00 target price (down previously from $11.00) on shares of Sanchez Energy Corp in a research note on Thursday, April 27th. Finally, FBR & Co cut their target price on Sanchez Energy Corp from $18.00 to $15.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $14.19.

In related news, CAO Kirsten A. Hink sold 4,129 shares of the firm’s stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $8.31, for a total transaction of $34,311.99. Following the completion of the sale, the chief accounting officer now owns 205,844 shares of the company’s stock, valued at $1,710,563.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas Brian Carney sold 10,204 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $6.19, for a total value of $63,162.76. Following the sale, the director now directly owns 68,423 shares of the company’s stock, valued at approximately $423,538.37. The disclosure for this sale can be found here. Insiders have sold 72,233 shares of company stock valued at $564,304 over the last 90 days. 15.32% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL purchased a new stake in shares of Sanchez Energy Corp during the first quarter worth approximately $105,000. ClariVest Asset Management LLC purchased a new stake in shares of Sanchez Energy Corp during the first quarter worth approximately $120,000. Mackay Shields LLC purchased a new stake in shares of Sanchez Energy Corp during the first quarter worth approximately $126,000. 361 Capital LLC purchased a new stake in shares of Sanchez Energy Corp during the first quarter worth approximately $129,000. Finally, Legal & General Group Plc boosted its stake in shares of Sanchez Energy Corp by 27.4% in the first quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock worth $165,000 after buying an additional 3,733 shares during the period. 60.56% of the stock is owned by institutional investors and hedge funds.

Sanchez Energy Corp (SN) traded up 5.25% during trading on Wednesday, hitting $6.22. 4,330,177 shares of the stock were exchanged. Sanchez Energy Corp has a 12-month low of $5.60 and a 12-month high of $14.39. The firm’s market cap is $472.28 million. The stock’s 50-day moving average price is $7.04 and its 200-day moving average price is $9.48.

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About Sanchez Energy Corp

Sanchez Energy Corporation is an independent exploration and production company. The Company is focused on the acquisition and development of the United States onshore unconventional oil and natural gas resources. The Company primarily focuses on the Eagle Ford Shale in South Texas. The Company also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.

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