Sanchez Energy (SN) Given a $6.00 Price Target at Northland Securities
A number of other equities research analysts also recently issued reports on the company. Seaport Global Securities upgraded Sanchez Energy from a sell rating to a neutral rating and set a $4.50 price objective on the stock in a research report on Wednesday, October 4th. BMO Capital Markets set a $5.00 price objective on Sanchez Energy and gave the company a hold rating in a research report on Tuesday, October 10th. Piper Jaffray Companies restated a neutral rating and set a $6.00 price objective (down from $14.00) on shares of Sanchez Energy in a research report on Monday, September 18th. Zacks Investment Research upgraded Sanchez Energy from a hold rating to a buy rating and set a $4.75 price objective on the stock in a research report on Thursday, October 19th. Finally, SunTrust Banks restated a hold rating and set a $5.00 price objective on shares of Sanchez Energy in a research report on Friday, October 20th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $9.37.
Shares of Sanchez Energy (NYSE SN) opened at $4.53 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of -3.72. Sanchez Energy has a 52-week low of $3.58 and a 52-week high of $14.39.
In other news, VP Howard J. Sr Thill, Sr. sold 16,499 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $4.27, for a total transaction of $70,450.73. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 14.70% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SN. Cubist Systematic Strategies LLC grew its stake in shares of Sanchez Energy by 180.1% during the third quarter. Cubist Systematic Strategies LLC now owns 21,841 shares of the energy producer’s stock valued at $105,000 after buying an additional 14,044 shares during the last quarter. Kalos Management Inc. bought a new position in shares of Sanchez Energy during the third quarter valued at approximately $138,000. Legal & General Group Plc grew its stake in shares of Sanchez Energy by 27.4% during the first quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock valued at $165,000 after buying an additional 3,733 shares during the last quarter. Capital Fund Management S.A. bought a new position in Sanchez Energy in the second quarter worth approximately $174,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Sanchez Energy by 6.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 25,400 shares of the energy producer’s stock worth $182,000 after purchasing an additional 1,650 shares in the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.
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Sanchez Energy Company Profile
Sanchez Energy Corporation is an independent exploration and production company. The Company is focused on the acquisition and development of the United States onshore unconventional oil and natural gas resources. The Company primarily focuses on the Eagle Ford Shale in South Texas. The Company also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.
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