Insider Buying: Sanchez Energy Corp. Director Buys 1,000 Shares of Stock (SN)
Sanchez Energy Corp. (NYSE:SN) Director Gilbert Garcia acquired 1,000 shares of Sanchez Energy Corp. stock on the open market in a transaction that occurred on Monday, January 6th. The stock was purchased at an average price of $24.44 per share, with a total value of $24,440.00. Following the transaction, the director now directly owns 30,200 shares in the company, valued at approximately $738,088. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Sanchez Energy Corp. (NYSE:SN) traded down 3.11% on Wednesday, hitting $23.95. The stock had a trading volume of 800,260 shares. Sanchez Energy Corp. has a 52 week low of $17.02 and a 52 week high of $30.92. The stock’s 50-day moving average is $24.67 and its 200-day moving average is $25.03. The company’s market cap is $1.066 billion.
Sanchez Energy Corp. (NYSE:SN) last announced its earnings results on Thursday, November 7th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.04. The company had revenue of $94.20 million for the quarter, compared to the consensus estimate of $87.48 million. Sanchez Energy Corp.’s revenue was up 654.2% compared to the same quarter last year. Analysts expect that Sanchez Energy Corp. will post $1.06 EPS for the current fiscal year.
A number of research firms have recently commented on SN. Analysts at BMO Capital Markets initiated coverage on shares of Sanchez Energy Corp. in a research note to investors on Wednesday. They set an “outperform” rating on the stock. Separately, analysts at Iberia Capital initiated coverage on shares of Sanchez Energy Corp. in a research note to investors on Friday, December 27th. They set an “outperform” rating and a $33.00 price target on the stock. Finally, analysts at Macquarie downgraded shares of Sanchez Energy Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $32.04.
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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