Sanchez Energy Corp. (SN) Trading 4.8% Higher
Sanchez Energy Corp. (NYSE:SN)’s share price traded up 4.8% on Thursday . The company traded as high as $9.12 and last traded at $9.08, with a volume of 1,453,868 shares traded. The stock had previously closed at $8.66.
A number of equities analysts have weighed in on the stock. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Sanchez Energy Corp. in a research note on Saturday, May 14th. Vetr downgraded shares of Sanchez Energy Corp. from a “buy” rating to a “hold” rating and set a $9.00 price target on the stock. in a research note on Thursday. National Securities increased their price target on shares of Sanchez Energy Corp. from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Zacks Investment Research raised shares of Sanchez Energy Corp. from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Thursday, May 19th. Finally, FBR & Co reaffirmed an “outperform” rating and set a $11.00 price target (up previously from $9.00) on shares of Sanchez Energy Corp. in a research note on Thursday, April 21st. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Sanchez Energy Corp. presently has a consensus rating of “Buy” and a consensus target price of $7.78.
The company’s market capitalization is $537.06 million. The firm has a 50-day moving average of $6.83 and a 200 day moving average of $6.42.
Sanchez Energy Corp. (NYSE:SN) last announced its quarterly earnings data on Monday, August 8th. The company reported ($3.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $3.11. During the same quarter in the previous year, the firm earned ($0.43) earnings per share. The company had revenue of $111 million for the quarter, compared to analysts’ expectations of $121.61 million. On average, equities research analysts predict that Sanchez Energy Corp. will post ($0.23) earnings per share for the current year.
In other news, Director Gilbert A. Garcia sold 7,936 shares of the business’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $8.05, for a total value of $63,884.80. Following the completion of the sale, the director now directly owns 85,251 shares in the company, valued at $686,270.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
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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