Sanchez Energy Corp. (NYSE:SN) was down 3.6% during 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. The stock had previously closed at $8.89.

A number of equities research analysts have commented on SN shares. KLR Group cut shares of Sanchez Energy Corp. from a “buy” rating to an “accumulate” rating and set a $10.00 price target for the company. in a report on Friday, August 19th. Zacks Investment Research raised shares of Sanchez Energy Corp. from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Saturday, July 30th. FBR & Co reaffirmed a “buy” rating on shares of Sanchez Energy Corp. in a research note on Wednesday, July 20th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Sanchez Energy Corp. in a research note on Saturday, May 14th. Finally, National Securities assumed coverage on shares of Sanchez Energy Corp. in a research note on Monday, June 27th. They issued a “buy” rating and a $9.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $7.84.

The firm’s market capitalization is $516.56 million. The firm has a 50-day moving average of $7.41 and a 200-day moving average of $6.85.

Sanchez Energy Corp. (NYSE:SN) last released 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. The business had revenue of $111 million for the quarter, compared to analyst estimates 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 ($0.18) EPS for the current fiscal year.

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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