Sanchez Energy Corp. Given New $30.00 Price Target at RBC Capital (SN)
Research analysts at RBC Capital boosted their price target on shares of Sanchez Energy Corp. (NYSE:SN) from $27.00 to $30.00 in a report released on Friday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would suggest a potential upside of 1.76% from the stock’s previous close.
Sanchez Energy Corp. (NYSE:SN) traded down 1.60% on Friday, hitting $29.48. The stock had a trading volume of 534,736 shares. Sanchez Energy Corp. has a 1-year low of $16.90 and a 1-year high of $24.61. The stock has a 50-day moving average of $23.0 and a 200-day moving average of $21.20. The company has a market cap of $976.6 million and a price-to-earnings ratio of 665.78.
Sanchez Energy Corp. (NYSE:SN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at SunTrust reiterated a “buy” rating on shares of Sanchez Energy Corp. in a research note to investors on Wednesday. They now have a $36.00 price target on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Sanchez Energy Corp. from $29.00 to $33.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Northland Securities reiterated a “buy” rating on shares of Sanchez Energy Corp. in a research note to investors on Tuesday, October 15th. They now have a $34.00 price target on the stock. One research 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. Sanchez Energy Corp. currently has an average rating of “Buy” and an average price target of $30.68.
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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