Sanchez Energy Corp. Now Covered by UBS AG (SN)
Analysts at UBS AG initiated coverage on shares of Sanchez Energy Corp. (NYSE:SN) in a research report issued to clients and investors on Wednesday, StockRatingsNetwork.com reports. The firm set a “buy” rating and a $31.00 price target on the stock. UBS AG’s target price indicates a potential upside of 34.84% from the company’s current price.
A number of other analysts have also recently weighed in on SN. Analysts at Canaccord Genuity initiated coverage on shares of Sanchez Energy Corp. in a research note to investors on Wednesday, August 21st. They set a “buy” rating and a $31.00 price target on the stock. Separately, analysts at Johnson Rice upgraded shares of Sanchez Energy Corp. from an “overweight” rating to a “focus list” rating in a research note to investors on Tuesday, August 13th. Finally, analysts at Zacks downgraded shares of Sanchez Energy Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 2nd. They now have a $25.50 price target on the stock.
Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $27.39.
Shares of Sanchez Energy Corp. (NYSE:SN) traded up 3.09% during mid-day trading on Wednesday, hitting $22.99. The stock had a trading volume of 334,171 shares. Sanchez Energy Corp. has a one year low of $16.90 and a one year high of $24.61. The stock’s 50-day moving average is $23.11 and its 200-day moving average is $20.80. The company has a market cap of $761.6 million and a price-to-earnings ratio of 495.56.
Sanchez Energy Corp. (NYSE:SN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.11. The company had revenue of $59.08 million for the quarter, compared to the consensus estimate of $61.98 million. The company’s quarterly revenue was up 834.7% on a year-over-year basis. On average, analysts predict that Sanchez Energy Corp. will post $1.19 earnings per share for the current fiscal year.
In other Sanchez Energy Corp. news, Director Alan Jackson purchased 2,600 shares of the stock on the open market in a transaction dated Wednesday, August 14th. The shares were purchased at an average price of $21.92 per share, with a total value of $56,992.00. Following the completion of the transaction, the director now directly owns 14,400 shares of the company’s stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Sanchez Energy Corporation is an independent exploration and production company focused on the exploration, acquisition and development of unconventional oil and natural gas resources.
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