Shares of Sanchez Energy Corp. (NYSE:SN) fell 3.2% during mid-day trading on Thursday . The company traded as low as $6.25 and last traded at $6.27, with a volume of 1,408,876 shares changing hands. The stock had previously closed at $6.48.

A number of research firms have weighed in on SN. Simmons reaffirmed a “neutral” rating and set a $7.00 price objective (up from $5.00) on shares of Sanchez Energy Corp. in a research report on Monday, April 25th. FBR & Co reaffirmed an “outperform” rating and set a $11.00 price objective (up from $9.00) on shares of Sanchez Energy Corp. in a research report on Thursday, April 21st. Seaport Global Securities cut Sanchez Energy Corp. from a “buy” rating to a “neutral” rating and set a $5.00 price objective for the company. in a research report on Thursday, March 31st. Canaccord Genuity reaffirmed a “buy” rating and set a $9.50 price objective on shares of Sanchez Energy Corp. in a research report on Thursday, April 21st. Finally, Zacks Investment Research raised Sanchez Energy Corp. from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Thursday, May 19th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $7.60.

The firm has a 50-day moving average of $7.41 and a 200-day moving average of $5.91. The company’s market capitalization is $358.20 million.

Sanchez Energy Corp. (NYSE:SN) last issued its quarterly earnings data on Monday, May 9th. The company reported ($1.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $1.08. During the same period in the previous year, the company posted ($0.97) EPS. The firm earned $79.82 million during the quarter, compared to analyst estimates of $127.24 million. The company’s revenue for the quarter was down 28.1% on a year-over-year basis. On average, analysts forecast that Sanchez Energy Corp. will post ($0.45) EPS for the current fiscal 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 transaction of $115,823.68. Following the completion of the transaction, the chief operating officer now directly owns 605,177 shares in the company, valued at $4,914,037.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction, 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.