Sanchez Energy Corp. (NYSE:SN) shares traded down 6.6% on Wednesday . The stock traded as low as $6.55 and last traded at $6.61, with a volume of 1,637,007 shares traded. The stock had previously closed at $7.08.

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

The firm’s 50 day moving average price is $7.58 and its 200-day moving average price is $5.85. The firm’s market cap is $372.76 million.

Sanchez Energy Corp. (NYSE:SN) last issued its quarterly earnings results on Monday, May 9th. The company reported ($1.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $1.08. During the same period in the previous year, the business earned ($0.97) EPS. The business earned $79.82 million during the quarter, compared to the consensus estimate of $127.24 million. The business’s revenue was down 28.1% compared to the same quarter last year. On average, equities analysts predict that Sanchez Energy Corp. will post ($0.46) EPS for the current year.

In other news, COO Christopher Heinson sold 14,264 shares of the company’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 sale, the chief operating officer now directly owns 605,177 shares in the company, valued at approximately $4,914,037.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gilbert A. Garcia sold 7,936 shares of the company’s stock in a transaction 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 sale, the director now owns 85,251 shares of the company’s stock, 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.