Sanchez Energy Corp. (NYSE:SN)’s share price was down 3.4% during trading on Wednesday . The stock traded as low as $7.50 and last traded at $7.58, with a volume of 1,588,144 shares trading hands. The stock had previously closed at $7.85.

Several equities analysts have recently commented on SN shares. Zacks Investment Research upgraded Sanchez Energy Corp. from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research note on Tuesday, June 28th. National Securities started coverage on Sanchez Energy Corp. in a research note on Monday, June 27th. They set a “buy” rating and a $9.00 price target on the stock. Canaccord Genuity restated a “buy” rating and set a $9.50 price target on shares of Sanchez Energy Corp. in a research note on Thursday, April 21st. FBR & Co restated a “buy” rating on shares of Sanchez Energy Corp. in a research note on Tuesday, May 10th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Sanchez Energy Corp. in a research note on Saturday, May 14th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $7.70.

The stock’s market capitalization is $492.85 million. The company has a 50 day moving average price of $6.67 and a 200-day moving average price of $6.23.

Sanchez Energy Corp. (NYSE:SN) last issued its quarterly earnings results on Monday, August 8th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $3.11. The firm had revenue of $111 million for the quarter, compared to analyst estimates of $121.61 million. During the same quarter in the previous year, the company earned ($0.43) earnings per share. On average, analysts expect that Sanchez Energy Corp. will post ($0.48) EPS for the current fiscal year.

In other news, Director Gilbert A. Garcia sold 7,936 shares of the 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 sale, the director now owns 85,251 shares of the company’s stock, valued at $686,270.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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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