Equities research analysts forecast that Sanchez Energy Corp (NYSE:SN) will announce sales of $255.92 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Sanchez Energy’s earnings. The lowest sales estimate is $228.00 million and the highest is $275.40 million. Sanchez Energy posted sales of $184.81 million during the same quarter last year, which suggests a positive year over year growth rate of 38.5%. The firm is expected to announce its next quarterly earnings results before the market opens on Thursday, November 1st.

On average, analysts expect that Sanchez Energy will report full-year sales of $996.93 million for the current financial year, with estimates ranging from $839.00 million to $1.07 billion. For the next financial year, analysts expect that the business will post sales of $1.07 billion, with estimates ranging from $919.00 million to $1.19 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Sanchez Energy.

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

A number of research firms have issued reports on SN. SunTrust Banks set a $4.00 target price on shares of Sanchez Energy and gave the stock a “hold” rating in a report on Wednesday, August 8th. BMO Capital Markets reiterated a “hold” rating and set a $4.00 target price on shares of Sanchez Energy in a report on Monday, August 13th. Northland Securities reiterated a “hold” rating and set a $3.00 target price on shares of Sanchez Energy in a report on Thursday, August 9th. Royal Bank of Canada lowered shares of Sanchez Energy from an “outperform” rating to a “sector perform” rating and set a $7.00 target price on the stock. in a report on Wednesday, August 8th. Finally, ValuEngine lowered shares of Sanchez Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 10th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $4.13.

Sanchez Energy stock traded up $0.02 during mid-day trading on Friday, reaching $2.23. 1,771,100 shares of the company’s stock were exchanged, compared to its average volume of 3,308,843. The firm has a market cap of $204.60 million, a PE ratio of -6.84 and a beta of 1.69. Sanchez Energy has a twelve month low of $2.17 and a twelve month high of $6.19. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of -4.55.

In related news, CFO Howard J. Sr Thill, Sr. sold 21,877 shares of the stock in a transaction on Monday, October 15th. The shares were sold at an average price of $2.46, for a total value of $53,817.42. Following the transaction, the chief financial officer now directly owns 348,373 shares of the company’s stock, valued at approximately $856,997.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Kirsten A. Hink sold 8,486 shares of the stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $4.41, for a total transaction of $37,423.26. The disclosure for this sale can be found here. 14.70% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Stonebridge Capital Management Inc. grew its position in shares of Sanchez Energy by 67.3% in the 3rd quarter. Stonebridge Capital Management Inc. now owns 122,416 shares of the energy producer’s stock valued at $282,000 after buying an additional 49,231 shares during the last quarter. Northern Trust Corp grew its position in shares of Sanchez Energy by 6.1% in the 2nd quarter. Northern Trust Corp now owns 921,311 shares of the energy producer’s stock valued at $4,165,000 after buying an additional 52,905 shares during the last quarter. Jane Street Group LLC grew its position in shares of Sanchez Energy by 73.8% in the 2nd quarter. Jane Street Group LLC now owns 135,695 shares of the energy producer’s stock valued at $613,000 after buying an additional 57,627 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of Sanchez Energy in the 2nd quarter valued at $180,000. Finally, Metropolitan Life Insurance Co. NY purchased a new position in shares of Sanchez Energy in the 2nd quarter valued at $127,000. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

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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