Sanchez Energy Corporation (NYSE:SN)‘s stock had its “hold” rating restated by analysts at BMO Capital Markets in a research note issued to investors on Tuesday, June 27th, MarketBeat.com reports. They presently have a $5.00 target price on the energy producer’s stock. BMO Capital Markets’ price objective would suggest a potential downside of 22.60% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the stock. Royal Bank Of Canada set a $14.00 price target on shares of Sanchez Energy Corporation and gave the stock a “buy” rating in a research report on Tuesday, April 25th. KLR Group reaffirmed a “buy” rating and set a $10.00 price target (down previously from $12.00) on shares of Sanchez Energy Corporation in a research report on Wednesday, May 17th. Stifel Nicolaus reaffirmed a “hold” rating and set a $9.00 price target (down previously from $11.00) on shares of Sanchez Energy Corporation in a research report on Thursday, April 27th. Credit Suisse Group reissued a “hold” rating and issued a $11.00 target price on shares of Sanchez Energy Corporation in a report on Friday, March 31st. Finally, Zacks Investment Research cut shares of Sanchez Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, March 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. Sanchez Energy Corporation currently has an average rating of “Hold” and a consensus price target of $12.58.
Shares of Sanchez Energy Corporation (NYSE:SN) opened at 6.46 on Tuesday. The stock’s market capitalization is $490.51 million. Sanchez Energy Corporation has a one year low of $5.60 and a one year high of $14.39. The firm’s 50-day moving average price is $6.71 and its 200-day moving average price is $9.32.
Sanchez Energy Corporation (NYSE:SN) last issued its quarterly earnings results on Tuesday, May 9th. The energy producer reported ($1.05) EPS for the quarter, missing the consensus estimate 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. During the same quarter last year, the firm earned ($0.30) earnings per share. The business’s revenue was up 67.7% on a year-over-year basis. Equities research analysts anticipate that Sanchez Energy Corporation will post ($0.04) EPS for the current fiscal year.
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In other Sanchez Energy Corporation news, VP Christopher Heinson sold 22,730 shares of Sanchez Energy Corporation stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $7.68, for a total transaction of $174,566.40. Following the completion of the sale, the vice president now owns 598,925 shares of the company’s stock, valued at approximately $4,599,744. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Greg Colvin bought 20,000 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were bought at an average cost of $6.75 per share, with a total value of $135,000.00. Following the purchase, the director now directly owns 92,151 shares in the company, valued at $622,019.25. The disclosure for this purchase can be found here. Company insiders own 14.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Sanchez Energy Corporation by 88.0% in the first quarter. Vanguard Group Inc. now owns 11,557,888 shares of the energy producer’s stock valued at $110,263,000 after buying an additional 5,408,805 shares during the period. Blackstone Group L.P. purchased a new position in shares of Sanchez Energy Corporation during the first quarter valued at approximately $18,651,000. State Street Corp increased its position in shares of Sanchez Energy Corporation by 45.8% in the first quarter. State Street Corp now owns 4,896,519 shares of the energy producer’s stock valued at $46,716,000 after buying an additional 1,539,043 shares during the period. Tyrus Capital S.A.M. purchased a new position in shares of Sanchez Energy Corporation during the first quarter valued at approximately $10,494,000. Finally, Old Mutual Global Investors UK Ltd. purchased a new position in shares of Sanchez Energy Corporation during the first quarter valued at approximately $6,765,000. 74.99% of the stock is owned by institutional investors and hedge funds.
About Sanchez Energy Corporation
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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