Sanchez Energy Corp. (SN) Trading Up 3%
Sanchez Energy Corp. (NYSE:SN)’s share price was up 3% on Tuesday . The stock 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.
Several equities research analysts recently commented on SN shares. Stifel Nicolaus reissued a “hold” rating on shares of Sanchez Energy Corp. in a research note on Thursday, March 31st. Seaport Global Securities cut Sanchez Energy Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, March 30th. Canaccord Genuity reissued a “buy” rating and issued a $9.50 price target on shares of Sanchez Energy Corp. in a research note on Thursday, April 21st. Citigroup Inc. cut Sanchez Energy Corp. to a “neutral” rating and boosted their price target for the company from $4.00 to $5.00 in a research note on Wednesday, March 30th. Finally, Simmons reissued a “neutral” rating and issued 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 stock. Sanchez Energy Corp. presently has an average rating of “Buy” and an average target price of $7.60.
The stock’s market capitalization is $377.42 million. The company’s 50-day moving average price is $7.41 and its 200 day moving average price is $5.91.
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. The company earned $79.82 million during the quarter, compared to analyst estimates of $127.24 million. The business’s quarterly revenue was down 28.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.97) EPS. Equities research analysts predict that Sanchez Energy Corp. will post ($0.48) EPS for the current fiscal year.
In other Sanchez Energy Corp. news, Director Gilbert A. Garcia sold 7,936 shares of the firm’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 transaction, the director now directly owns 85,251 shares in the company, valued at $686,270.55. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Christopher Heinson sold 14,264 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $8.12, for a total value of $115,823.68. Following the completion of the transaction, the chief operating officer now owns 605,177 shares of the company’s stock, valued at $4,914,037.24. 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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