Sanchez Energy Corp. (NYSE:SN) shares traded down 2.2% during mid-day trading on Thursday . The stock traded as low as $6.42 and last traded at $6.53, with a volume of 1,862,456 shares. The stock had previously closed at $6.68.

Several research analysts have issued reports on the company. Credit Suisse Group AG reiterated a “buy” rating on shares of Sanchez Energy Corp. in a report on Saturday, May 14th. Seaport Global Securities lowered Sanchez Energy Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, March 30th. Zacks Investment Research lowered Sanchez Energy Corp. from a “buy” rating to a “hold” rating in a report on Saturday, March 12th. Iberia Capital initiated coverage on Sanchez Energy Corp. in a report on Wednesday, April 27th. They issued an “outperform” rating and a $11.00 price target on the stock. Finally, Simmons reissued a “neutral” rating and issued a $7.00 price objective (up from $5.00) on shares of Sanchez Energy Corp. in a research note on Monday, April 25th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $7.53.

The stock’s market capitalization is $382.66 million. The firm’s 50-day moving average is $7.74 and its 200 day moving average is $5.79.

Sanchez Energy Corp. (NYSE:SN) last issued its quarterly earnings results on Monday, May 9th. The company reported ($1.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by $1.08. The firm earned $79.82 million during the quarter, compared to analysts’ expectations of $127.24 million. During the same quarter in the prior year, the company posted ($0.97) earnings per share. The firm’s quarterly revenue was down 28.1% on a year-over-year basis. On average, equities research analysts predict that Sanchez Energy Corp. will post ($0.45) EPS for the current year.

In other news, COO Christopher Heinson sold 14,264 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $8.12, for a total value of $115,823.68. Following the sale, the chief operating officer now directly owns 605,177 shares of the company’s stock, valued at approximately $4,914,037.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gilbert A. Garcia sold 7,936 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $8.05, for a total value of $63,884.80. Following the completion of the sale, the director now directly owns 85,251 shares in the company, valued at $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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