Wall Street brokerages forecast that Sanchez Energy Corp (NYSE:SN) will announce earnings per share (EPS) of ($0.01) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Sanchez Energy’s earnings. The lowest EPS estimate is ($0.17) and the highest is $0.09. Sanchez Energy posted earnings of ($0.12) per share during the same quarter last year, which would indicate a positive year over year growth rate of 91.7%. The business is expected to report 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 financial year, analysts anticipate that the firm will report earnings of $0.73 per share, with EPS estimates ranging from ($0.08) to $1.28. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Sanchez Energy.

Sanchez Energy (NYSE:SN) last issued its quarterly 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). The business had revenue of $259.31 million for the quarter, compared to analysts’ expectations of $252.49 million. Sanchez Energy had a negative return on equity of 8.74% and a negative net margin of 15.50%.

Several equities analysts have recently weighed in on the company. SunTrust Banks set a $4.00 target price on Sanchez Energy and gave the company a “hold” rating in a research report on Wednesday, August 8th. BMO Capital Markets restated a “hold” rating and issued a $4.00 target price on shares of Sanchez Energy in a research report on Monday, August 13th. Northland Securities restated a “hold” rating and issued a $3.00 target price on shares of Sanchez Energy in a research report on Thursday, August 9th. 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 report on Wednesday, August 8th. Finally, ValuEngine downgraded Sanchez Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 10th. Two analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. Sanchez Energy presently has a consensus rating of “Hold” and an average price target of $4.13.

In related news, CFO Howard J. Sr Thill, Sr. sold 21,877 shares of Sanchez Energy stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $2.46, for a total transaction of $53,817.42. Following the transaction, the chief financial officer now owns 348,373 shares in the company, valued at $856,997.58. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Kirsten A. Hink sold 8,486 shares of Sanchez Energy stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $4.41, for a total value of $37,423.26. The disclosure for this sale can be found here. Company insiders own 11.12% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY purchased a new position in Sanchez Energy during the second quarter worth approximately $127,000. MetLife Investment Advisors LLC purchased a new position in Sanchez Energy during the second quarter worth approximately $180,000. Dynamic Technology Lab Private Ltd lifted its position in Sanchez Energy by 196.1% during the first quarter. Dynamic Technology Lab Private Ltd now owns 68,913 shares of the energy producer’s stock worth $215,000 after buying an additional 45,638 shares in the last quarter. Stonebridge Capital Management Inc. lifted its position in Sanchez Energy by 67.3% during the third quarter. Stonebridge Capital Management Inc. now owns 122,416 shares of the energy producer’s stock worth $282,000 after buying an additional 49,231 shares in the last quarter. Finally, GFS Advisors LLC lifted its position in Sanchez Energy by 56.3% during the second quarter. GFS Advisors LLC now owns 125,000 shares of the energy producer’s stock worth $565,000 after buying an additional 45,000 shares in the last quarter. Hedge funds and other institutional investors own 47.98% of the company’s stock.

SN stock traded down $0.16 during mid-day trading on Wednesday, reaching $2.34. 2,470,300 shares of the company’s stock were exchanged, compared to its average volume of 3,319,691. The company has a market capitalization of $201.11 million, a P/E ratio of -7.63 and a beta of 1.69. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of -4.55. Sanchez Energy has a 12-month low of $2.26 and a 12-month high of $6.19.

Sanchez Energy Company Profile

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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Earnings History and Estimates for Sanchez Energy (NYSE:SN)

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