Analysts Set Sanchez Energy Corp (SN) Price Target at $9.25
Shares of Sanchez Energy Corp (NYSE:SN) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $9.25.
Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Sanchez Energy from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Piper Jaffray Companies restated a “hold” rating and issued a $8.00 price objective on shares of Sanchez Energy in a research report on Tuesday, January 9th. ValuEngine cut shares of Sanchez Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Northland Securities set a $6.00 price objective on shares of Sanchez Energy and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, JPMorgan Chase & Co. cut shares of Sanchez Energy from a “neutral” rating to an “underweight” rating in a research report on Friday, December 15th.
Sanchez Energy (NYSE SN) traded up $0.16 during mid-day trading on Thursday, hitting $3.19. 4,470,000 shares of the company traded hands, compared to its average volume of 3,960,000. The company has a debt-to-equity ratio of -3.72, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $268.37, a PE ratio of -0.96 and a beta of 1.88. Sanchez Energy has a one year low of $2.90 and a one year high of $11.50.
In other news, VP Gregory B. Kopel sold 7,960 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $5.61, for a total transaction of $44,655.60. Following the completion of the sale, the vice president now owns 109,488 shares of the company’s stock, valued at $614,227.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Eduardo Augusto Sanchez sold 250,337 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $4.66, for a total value of $1,166,570.42. Following the sale, the insider now directly owns 985,644 shares of the company’s stock, valued at approximately $4,593,101.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 677,329 shares of company stock valued at $3,125,339. 14.70% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Sanchez Energy by 44.9% during the third quarter. JPMorgan Chase & Co. now owns 1,789,224 shares of the energy producer’s stock valued at $8,804,000 after purchasing an additional 554,240 shares during the period. Kovack Advisors Inc. purchased a new stake in shares of Sanchez Energy during the fourth quarter valued at approximately $255,000. Oppenheimer & Co. Inc. boosted its stake in shares of Sanchez Energy by 55.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 162,600 shares of the energy producer’s stock valued at $863,000 after purchasing an additional 58,290 shares during the period. Northern Trust Corp boosted its stake in shares of Sanchez Energy by 13.9% during the second quarter. Northern Trust Corp now owns 893,791 shares of the energy producer’s stock valued at $6,417,000 after purchasing an additional 109,054 shares during the period. Finally, Penn Capital Management Co. Inc. boosted its stake in shares of Sanchez Energy by 81.0% during the fourth quarter. Penn Capital Management Co. Inc. now owns 1,280,826 shares of the energy producer’s stock valued at $6,811,000 after purchasing an additional 573,043 shares during the period. 58.61% of the stock is 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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