Sanchez Energy Corp. (SN) Sees Unusually-High Trading Volume
Shares of Sanchez Energy Corp. (NYSE:SN) saw unusually-high trading volume on Wednesday . Approximately 2,813,492 shares changed hands during trading, an increase of 6% from the previous session’s volume of 2,664,291 shares.The stock last traded at $8.64 and had previously closed at $8.66.
Several equities analysts have recently issued reports on SN shares. KLR Group lowered Sanchez Energy Corp. from a “buy” rating to an “accumulate” rating and set a $10.00 target price for the company. in a report on Friday, August 19th. FBR & Co reaffirmed a “buy” rating on shares of Sanchez Energy Corp. in a report on Wednesday, July 20th. Zacks Investment Research raised Sanchez Energy Corp. from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a report on Saturday, July 30th. Vetr lowered Sanchez Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $9.00 target price for the company. in a report on Friday, August 12th. Finally, National Securities started coverage on Sanchez Energy Corp. in a report on Monday, June 27th. They issued a “buy” rating and a $9.00 target price for the company. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Sanchez Energy Corp. currently has a consensus rating of “Hold” and a consensus target price of $7.84.
The stock has a 50 day moving average price of $7.10 and a 200 day moving average price of $6.63. The firm’s market cap is $522.42 million.
Sanchez Energy Corp. (NYSE:SN) last released its quarterly earnings data on Monday, August 8th. The company reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by $3.11. The business had revenue of $111 million for the quarter, compared to analysts’ expectations of $121.61 million. During the same period in the previous year, the company posted ($0.43) earnings per share. Analysts expect that Sanchez Energy Corp. will post ($0.19) EPS for the current fiscal year.
In other Sanchez Energy Corp. 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 value of $63,884.80. Following the completion of the transaction, the director now owns 85,251 shares of the company’s stock, valued at $686,270.55. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
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.