Sanchez Energy Corp. (SN) Trading 8.1% Higher
Sanchez Energy Corp. (NYSE:SN)’s share price traded up 8.1% during trading on Thursday . The stock traded as high as $8.27 and last traded at $8.14, with a volume of 1,629,382 shares changing hands. The stock had previously closed at $7.53.
SN has been the topic of several recent research reports. National Securities increased their target price on Sanchez Energy Corp. from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded Sanchez Energy Corp. from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research report on Saturday, July 30th. FBR & Co restated a “buy” rating on shares of Sanchez Energy Corp. in a research report on Wednesday, July 20th. KLR Group upgraded Sanchez Energy Corp. from a “hold” rating to a “buy” rating and increased their target price for the stock from $8.00 to $9.00 in a research report on Monday, July 18th. Finally, Piper Jaffray Cos. restated a “neutral” rating and set a $8.00 target price on shares of Sanchez Energy Corp. in a research report on Thursday, July 7th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Sanchez Energy Corp. currently has an average rating of “Buy” and an average target price of $7.70.
The firm’s market capitalization is $526.89 million. The stock’s 50 day moving average is $6.69 and its 200-day moving average is $6.24.
Sanchez Energy Corp. (NYSE:SN) last issued its quarterly earnings results on Monday, August 8th. The company reported ($3.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $3.11. The firm had revenue of $111 million for the quarter, compared to analyst estimates of $121.61 million. During the same quarter in the previous year, the company earned ($0.43) EPS. Equities research analysts anticipate that Sanchez Energy Corp. will post ($0.50) EPS for the current year.
In other news, Director Gilbert A. Garcia sold 7,936 shares of Sanchez Energy Corp. stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $8.05, for a total transaction of $63,884.80. Following the transaction, the director now owns 85,251 shares in the company, valued at approximately $686,270.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
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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