Sanchez Energy Corp. (SN) Trading Up 3%
Sanchez Energy Corp. (NYSE:SN) traded up 3% during trading on Tuesday . The company traded as high as $6.89 and last traded at $6.55, with a volume of 1,736,383 shares changing hands. The stock had previously closed at $6.36.
A number of equities research analysts have commented on the company. Iberia Capital assumed coverage on Sanchez Energy Corp. in a report on Wednesday, April 27th. They issued an “outperform” rating and a $11.00 target price for the company. Zacks Investment Research downgraded Sanchez Energy Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th. KLR Group downgraded Sanchez Energy Corp. from a “buy” rating to a “hold” rating and reduced their target price for the company from $9.00 to $8.00 in a report on Wednesday, May 11th. FBR & Co reaffirmed a “buy” rating on shares of Sanchez Energy Corp. in a research note on Tuesday, May 10th. Finally, Simmons reaffirmed a “neutral” rating and set a $7.00 price target (up previously from $5.00) on shares of Sanchez Energy Corp. in a research note on Monday, April 25th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $7.60.
The firm’s market capitalization is $374.51 million. The company’s 50 day moving average is $7.48 and its 200-day moving average is $5.91.
Sanchez Energy Corp. (NYSE:SN) last released its earnings results on Monday, May 9th. The company reported ($1.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $1.08. The firm earned $79.82 million during the quarter, compared to the consensus estimate of $127.24 million. During the same period in the prior year, the business earned ($0.97) earnings per share. The business’s revenue for the quarter was down 28.1% on a year-over-year basis. On average, equities analysts forecast that Sanchez Energy Corp. will post ($0.49) earnings per share for the current fiscal year.
In related news, COO Christopher Heinson sold 14,264 shares of Sanchez Energy Corp. 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 of the company’s stock, valued at $4,914,037.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gilbert A. Garcia sold 7,936 shares of Sanchez Energy Corp. 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 directly 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.
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