Sanchez Energy Corp. (SN) Trading Up 4.8%
Sanchez Energy Corp. (NYSE:SN) was up 4.8% on Thursday . The stock traded as high as $9.12 and last traded at $9.08, with a volume of 1,453,868 shares. The stock had previously closed at $8.66.
Several equities research analysts have weighed in on SN shares. Simmons restated a “neutral” rating and set a $7.00 price target (up previously from $5.00) on shares of Sanchez Energy Corp. in a report on Monday, April 25th. Iberia Capital started coverage on Sanchez Energy Corp. in a report on Wednesday, April 27th. They set an “outperform” rating and a $11.00 price target on the stock. FBR & Co restated a “buy” rating on shares of Sanchez Energy Corp. in a report on Tuesday, May 10th. KLR Group downgraded Sanchez Energy Corp. from a “buy” rating to a “hold” rating and cut their price target for the stock from $9.00 to $8.00 in a report on Wednesday, May 11th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Sanchez Energy Corp. in a report on Saturday, May 14th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Sanchez Energy Corp. currently has an average rating of “Hold” and an average target price of $7.84.
The firm has a 50 day moving average price of $6.92 and a 200-day moving average price of $6.48. The company’s market capitalization is $514.80 million.
Sanchez Energy Corp. (NYSE:SN) last released its quarterly earnings results on Monday, August 8th. The company reported ($3.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $3.11. The business earned $111 million during the quarter, compared to analysts’ expectations of $121.61 million. During the same period in the previous year, the company posted ($0.43) EPS. Equities analysts predict that Sanchez Energy Corp. will post ($0.23) earnings per share for the current fiscal year.
In other Sanchez Energy Corp. news, Director Gilbert A. Garcia sold 7,936 shares of the company’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 owns 85,251 shares in the company, valued at approximately $686,270.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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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