Insider Selling: Sanchez Energy Corp. VP Sells 1,273 Shares of Stock (SN)
Sanchez Energy Corp. (NYSE:SN) VP Kirsten Hink unloaded 1,273 shares of Sanchez Energy Corp. stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $26.51, for a total value of $33,747.23. Following the completion of the transaction, the vice president now directly owns 22,727 shares in the company, valued at approximately $602,493. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Sanchez Energy Corp. (NYSE:SN) traded up 4.16% during mid-day trading on Friday, hitting $28.80. The stock had a trading volume of 2,560,816 shares. Sanchez Energy Corp. has a one year low of $16.90 and a one year high of $29.31. The stock has a 50-day moving average of $24.4 and a 200-day moving average of $22.03. The company has a market cap of $954.0 million and a P/E ratio of 614.44.
Sanchez Energy Corp. (NYSE:SN) last announced its earnings results 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 revenue for the quarter was up 834.7% on a year-over-year basis.
A number of analysts have recently weighed in on SN shares. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Sanchez Energy Corp. (NYSE:SN) in a research note to investors on Friday. They now have a $30.00 price target on the stock. Separately, analysts at Northland Securities raised their price target on shares of Sanchez Energy Corp. (NYSE:SN) from $28.00 to $34.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Northland Capital Partners raised their price target on shares of Sanchez Energy Corp. (NYSE:SN) from $28.00 to $34.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $29.23.
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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