Sanchez Energy Corp. (SN) Trading Down 2.2%
Shares of Sanchez Energy Corp. (NYSE:SN) fell 2.2% on Thursday . The company traded as low as $6.42 and last traded at $6.53, with a volume of 1,862,456 shares trading hands. The stock had previously closed at $6.68.
A number of research firms have recently weighed in on SN. Zacks Investment Research lowered Sanchez Energy Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, March 12th. Northland Securities upped their target price on Sanchez Energy Corp. from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Monday, March 14th. Royal Bank Of Canada began coverage on Sanchez Energy Corp. in a report on Friday, March 18th. They set an “outperform” rating and a $7.00 target price for the company. Simmons restated a “neutral” rating and set a $7.00 target price (up previously from $5.00) on shares of Sanchez Energy Corp. in a report on Monday, April 25th. Finally, FBR & Co restated an “outperform” rating and set a $11.00 target price (up previously from $9.00) on shares of Sanchez Energy Corp. in a report on Thursday, April 21st. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Sanchez Energy Corp. currently has an average rating of “Buy” and an average target price of $7.53.
The company has a 50 day moving average price of $7.77 and a 200-day moving average price of $5.77. The company’s market cap is $378.00 million.
Sanchez Energy Corp. (NYSE:SN) last posted its quarterly earnings data on Monday, May 9th. The company reported ($1.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $1.08. During the same period in the prior year, the firm posted ($0.97) EPS. The company earned $79.82 million during the quarter, compared to the consensus estimate of $127.24 million. The firm’s revenue for the quarter was down 28.1% compared to the same quarter last year. Equities analysts anticipate that Sanchez Energy Corp. will post ($0.46) EPS for the current year.
In related news, COO Christopher Heinson sold 14,264 shares of the business’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $8.12, for a total transaction of $115,823.68. Following the completion of the transaction, the chief operating officer now owns 605,177 shares in the company, valued at approximately $4,914,037.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gilbert A. Garcia sold 7,936 shares of the business’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $8.05, for a total value of $63,884.80. Following the transaction, the director now owns 85,251 shares of the company’s stock, valued at approximately $686,270.55. The disclosure for this sale can be found here.
Sanchez Energy Corporation is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the onshore United States Gulf Coast. The Company focuses on the Eagle Ford Shale in South Texas and the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.
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