Sanchez Energy Corp. (NYSE:SN) shares dropped 3.6% during mid-day trading on Wednesday . The company traded as low as $8.40 and last traded at $8.57, with a volume of 1,387,918 shares trading hands. The stock had previously closed at $8.89.

A number of analysts have recently commented on SN shares. FBR & Co reaffirmed a “buy” rating on shares of Sanchez Energy Corp. in a research note on Tuesday, May 10th. Zacks Investment Research raised Sanchez Energy Corp. from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research note on Saturday, July 30th. National Securities upped their price target on Sanchez Energy Corp. from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Tuesday, August 9th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Sanchez Energy Corp. in a research note on Saturday, May 14th. Finally, KLR Group cut Sanchez Energy Corp. from a “buy” rating to a “hold” rating and lowered their price target for the company from $9.00 to $8.00 in a research note on Wednesday, May 11th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $7.84.

The firm has a 50-day moving average of $7.31 and a 200 day moving average of $6.82. The firm’s market capitalization is $503.09 million.

Sanchez Energy Corp. (NYSE:SN) last announced its quarterly earnings results 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 last year, the firm earned ($0.43) earnings per share. The firm earned $111 million during the quarter, compared to analysts’ expectations of $121.61 million. Equities analysts predict that Sanchez Energy Corp. will post ($0.19) earnings per share for the current fiscal year.

In other news, Director Gilbert A. Garcia sold 7,936 shares of Sanchez Energy Corp. stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $8.05, for a total transaction of $63,884.80. Following the sale, the director now directly owns 85,251 shares of the company’s stock, valued at $686,270.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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.

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