Wall Street brokerages predict that Sanchez Energy Corp (NYSE:SN) will post ($0.01) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Sanchez Energy’s earnings, with the lowest EPS estimate coming in at ($0.17) and the highest estimate coming in at $0.09. Sanchez Energy reported earnings of ($0.12) per share in the same quarter last year, which would indicate a positive year over year growth rate of 91.7%. The company is expected to announce its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Sanchez Energy will report full year earnings of ($0.32) per share for the current financial year, with EPS estimates ranging from ($0.70) to ($0.11). For the next year, analysts expect that the company will report earnings of $0.73 per share, with EPS estimates ranging from ($0.08) to $1.28. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Sanchez Energy.

Sanchez Energy (NYSE:SN) last posted its earnings results on Tuesday, August 7th. The energy producer reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.33). Sanchez Energy had a negative net margin of 15.50% and a negative return on equity of 8.74%. The company had revenue of $259.31 million during the quarter, compared to analyst estimates of $252.49 million.

Several analysts recently issued reports on the company. ValuEngine raised Sanchez Energy from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. SunTrust Banks set a $4.00 target price on Sanchez Energy and gave the company a “hold” rating in a research note on Wednesday, August 8th. BMO Capital Markets reaffirmed a “hold” rating and set a $4.00 target price on shares of Sanchez Energy in a research note on Monday, August 13th. Northland Securities reaffirmed a “hold” rating and set a $3.00 target price on shares of Sanchez Energy in a research note on Thursday, August 9th. Finally, Royal Bank of Canada downgraded Sanchez Energy from an “outperform” rating to a “sector perform” rating and set a $7.00 target price on the stock. in a research note on Wednesday, August 8th. Two analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Sanchez Energy presently has an average rating of “Hold” and a consensus price target of $4.17.

In other news, CAO Kirsten A. Hink sold 8,486 shares of Sanchez Energy stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $4.41, for a total transaction of $37,423.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 14.70% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of SN. Deutsche Bank AG grew its holdings in shares of Sanchez Energy by 132.6% in the 4th quarter. Deutsche Bank AG now owns 168,321 shares of the energy producer’s stock worth $892,000 after acquiring an additional 95,949 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Sanchez Energy by 13.0% in the 1st quarter. Wells Fargo & Company MN now owns 1,933,400 shares of the energy producer’s stock worth $6,052,000 after acquiring an additional 222,516 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Sanchez Energy by 6.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 385,443 shares of the energy producer’s stock worth $1,207,000 after acquiring an additional 24,309 shares during the last quarter. Phoenix Investment Adviser LLC grew its holdings in shares of Sanchez Energy by 57.6% during the first quarter. Phoenix Investment Adviser LLC now owns 186,000 shares of the energy producer’s stock valued at $582,000 after buying an additional 68,000 shares in the last quarter. Finally, GFS Advisors LLC grew its holdings in shares of Sanchez Energy by 42.0% during the first quarter. GFS Advisors LLC now owns 80,000 shares of the energy producer’s stock valued at $234,000 after buying an additional 23,665 shares in the last quarter. Institutional investors and hedge funds own 48.01% of the company’s stock.

Shares of SN traded down $0.03 during mid-day trading on Thursday, hitting $2.56. The stock had a trading volume of 1,592,500 shares, compared to its average volume of 3,439,954. The firm has a market cap of $222.09 million, a price-to-earnings ratio of -8.03 and a beta of 1.71. Sanchez Energy has a fifty-two week low of $2.35 and a fifty-two week high of $6.19. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of -4.55.

About Sanchez Energy

Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition and development of U.S. onshore unconventional oil and natural gas resources. It engages in the horizontal development of resources from the Eagle Ford Shale in South Texas. It also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.

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