Shares of Sanchez Energy Corp. (NYSE:SN) shot up 3.1% on Thursday . The company traded as high as $8.72 and last traded at $8.71, with a volume of 1,326,344 shares traded. The stock had previously closed at $8.45.

Several brokerages have recently commented on SN. Credit Suisse Group AG restated a “buy” rating on shares of Sanchez Energy Corp. in a research note on Saturday, May 14th. Zacks Investment Research downgraded Sanchez Energy Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. FBR & Co restated a “buy” rating on shares of Sanchez Energy Corp. in a research note on Tuesday, May 10th. KLR Group downgraded Sanchez Energy Corp. from a “buy” rating to a “hold” rating and reduced their target price for the company from $9.00 to $8.00 in a research note on Wednesday, May 11th. Finally, National Securities began coverage on Sanchez Energy Corp. in a research note 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 issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $7.84.

The stock has a 50 day moving average of $7.17 and a 200 day moving average of $6.68. The company’s market capitalization is $517.73 million.

Sanchez Energy Corp. (NYSE:SN) last announced its quarterly earnings results on Monday, August 8th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $3.11. The company had revenue of $111 million for the quarter, compared to the consensus estimate of $121.61 million. During the same quarter in the prior year, the company earned ($0.43) EPS. Equities research analysts expect that Sanchez Energy Corp. will post ($0.19) earnings per share for the current year.

In related news, Director Gilbert A. Garcia sold 7,936 shares of the business’s stock in a transaction dated 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 $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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