Sanchez Energy Corporation (NYSE:SN) EVP Patricio D. Sanchez purchased 222,000 shares of Sanchez Energy Corporation stock in a transaction dated Thursday, September 14th. The shares were purchased at an average price of $4.51 per share, with a total value of $1,001,220.00. Following the completion of the acquisition, the executive vice president now owns 473,485 shares in the company, valued at $2,135,417.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Sanchez Energy Corporation (SN) traded down 1.76% on Friday, hitting $4.47. The company had a trading volume of 5,806,871 shares. Sanchez Energy Corporation has a 12-month low of $3.96 and a 12-month high of $14.39. The firm has a 50 day moving average of $4.64 and a 200-day moving average of $7.04. The firm’s market capitalization is $342.60 million.
Sanchez Energy Corporation (NYSE:SN) last issued its quarterly earnings results on Wednesday, August 9th. The energy producer reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.18). The company had revenue of $175.70 million during the quarter, compared to analysts’ expectations of $178.97 million. During the same period in the previous year, the business earned ($3.20) earnings per share. The business’s revenue was up 58.3% on a year-over-year basis. On average, equities analysts predict that Sanchez Energy Corporation will post ($0.81) EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Virginia Retirement Systems ET AL acquired a new position in Sanchez Energy Corporation during the first quarter valued at approximately $105,000. ClariVest Asset Management LLC acquired a new position in Sanchez Energy Corporation during the first quarter valued at approximately $120,000. Mackay Shields LLC boosted its position in Sanchez Energy Corporation by 25.4% during the second quarter. Mackay Shields LLC now owns 16,611 shares of the energy producer’s stock valued at $119,000 after purchasing an additional 3,362 shares during the last quarter. Legal & General Group Plc boosted its position in Sanchez Energy Corporation by 27.4% during the first quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock valued at $165,000 after purchasing an additional 3,733 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in Sanchez Energy Corporation during the first quarter valued at approximately $166,000. 70.44% of the stock is owned by hedge funds and other institutional investors.
SN has been the subject of several research reports. Zacks Investment Research lowered Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $10.00 price target on shares of Sanchez Energy Corporation in a report on Thursday, July 20th. ValuEngine lowered Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Capital One Financial Corporation lowered Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 26th. Finally, Seaport Global Securities lowered Sanchez Energy Corporation from a “buy” rating to a “sell” rating and reduced their price target for the company from $15.00 to $5.00 in a report on Wednesday, June 21st. Five analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.63.
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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