CarVal Investors LLC maintained its stake in shares of Sanchez Energy Corporation (NYSE:SN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 594,285 shares of the energy producer’s stock at the end of the second quarter. Sanchez Energy Corporation makes up about 1.3% of CarVal Investors LLC’s portfolio, making the stock its 9th largest position. CarVal Investors LLC owned 0.72% of Sanchez Energy Corporation worth $4,267,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Sanchez Energy Corporation during the first quarter valued at approximately $231,000. Oxford Asset Management boosted its stake in shares of Sanchez Energy Corporation by 1.9% in the first quarter. Oxford Asset Management now owns 122,033 shares of the energy producer’s stock valued at $1,164,000 after buying an additional 2,273 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Sanchez Energy Corporation by 644.0% in the first quarter. Goldman Sachs Group Inc. now owns 668,025 shares of the energy producer’s stock valued at $6,373,000 after buying an additional 578,236 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of Sanchez Energy Corporation during the first quarter valued at approximately $166,000. Finally, Sanders Morris Harris LLC boosted its stake in shares of Sanchez Energy Corporation by 6.1% in the second quarter. Sanders Morris Harris LLC now owns 346,000 shares of the energy producer’s stock valued at $2,484,000 after buying an additional 20,000 shares during the period. 76.52% of the stock is currently owned by hedge funds and other institutional investors.
Sanchez Energy Corporation (SN) opened at 4.99 on Friday. Sanchez Energy Corporation has a 12-month low of $4.38 and a 12-month high of $14.39. The company’s market capitalization is $382.45 million. The firm has a 50-day moving average of $5.72 and a 200 day moving average of $8.12.
Sanchez Energy Corporation (NYSE:SN) last posted its earnings results on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.18. The company had revenue of $175.70 million for the quarter, compared to analyst estimates of $178.97 million. The company’s revenue for the quarter was up 58.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($3.20) earnings per share. Analysts forecast that Sanchez Energy Corporation will post ($0.76) EPS for the current fiscal year.
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SN has been the topic of a number of research analyst reports. Capital One Financial Corporation cut shares of Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $13.00 target price (down from $14.00) on shares of Sanchez Energy Corporation in a report on Thursday, May 18th. BidaskClub cut shares of Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of Sanchez Energy Corporation from a “strong sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, KLR Group reaffirmed a “buy” rating and issued a $10.00 target price (down from $12.00) on shares of Sanchez Energy Corporation in a report on Wednesday, May 17th. Four equities research analysts have rated the stock with a sell rating, three have given 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 $12.63.
In related news, VP Kirsten A. Hink sold 38,634 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $5.02, for a total transaction of $193,942.68. Following the sale, the vice president now owns 178,390 shares of the company’s stock, valued at approximately $895,517.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kirsten A. Hink sold 36,088 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $5.04, for a total transaction of $181,883.52. Following the sale, the chief accounting officer now directly owns 178,390 shares in the company, valued at approximately $899,085.60. The disclosure for this sale can be found here. Insiders have sold a total of 84,926 shares of company stock worth $438,989 in the last ninety days. 14.70% of the stock is currently owned by insiders.
Sanchez Energy Corporation Company Profile
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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