Sanchez Energy Corp. (SN) Stock Price Down 6.6%
Shares of Sanchez Energy Corp. (NYSE:SN) fell 6.6% during trading on Wednesday . The company traded as low as $6.55 and last traded at $6.61, with a volume of 1,637,007 shares traded. The stock had previously closed at $7.08.
A number of research firms have recently issued reports on SN. Credit Suisse Group AG restated a “buy” rating on shares of Sanchez Energy Corp. in a report on Saturday, May 14th. Zacks Investment Research lowered shares of Sanchez Energy Corp. from a “buy” rating to a “hold” rating in a report on Wednesday. Seaport Global Securities lowered shares of Sanchez Energy Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, March 30th. Iberia Capital began coverage on shares of Sanchez Energy Corp. in a report on Wednesday, April 27th. They set an “outperform” rating and a $11.00 price target on the stock. Finally, 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. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Sanchez Energy Corp. currently has a consensus rating of “Hold” and an average price target of $7.53.
The stock’s market capitalization is $384.41 million. The stock has a 50 day moving average of $7.67 and a 200-day moving average of $5.84.
Sanchez Energy Corp. (NYSE:SN) last released its quarterly earnings data on Monday, May 9th. The company reported ($1.20) earnings per share for the quarter, missing the consensus estimate of ($0.12) by $1.08. The company had revenue of $79.82 million for the quarter, compared to analyst estimates of $127.24 million. Sanchez Energy Corp.’s revenue was down 28.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.97) earnings per share. On average, analysts anticipate that Sanchez Energy Corp. will post ($0.46) earnings per share for the current year.
In other Sanchez Energy Corp. news, Director Gilbert A. Garcia sold 7,936 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The shares were 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 in the company, valued at approximately $686,270.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Christopher Heinson sold 14,264 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $8.12, for a total transaction of $115,823.68. Following the sale, the chief operating officer now owns 605,177 shares in the company, valued at $4,914,037.24. The disclosure for this sale can be found here.
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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