Sanchez Energy Corp. Coverage Initiated at BMO Capital Markets (SN)
Analysts at BMO Capital Markets assumed coverage on shares of Sanchez Energy Corp. (NYSE:SN) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
SN has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at MLV Capital initiated coverage on shares of Sanchez Energy Corp. in a research note to investors on Friday, November 22nd. They set a “buy” rating and a $34.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $32.04.
Sanchez Energy Corp. (NYSE:SN) traded down 1.08% during mid-day trading on Wednesday, hitting $24.453. The stock had a trading volume of 97,089 shares. Sanchez Energy Corp. has a 1-year low of $17.02 and a 1-year 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 $1.089 billion.
Sanchez Energy Corp. (NYSE:SN) last released its earnings data on Thursday, November 7th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters 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. The company’s quarterly revenue was up 654.2% on a year-over-year basis. Analysts expect that Sanchez Energy Corp. will post $1.06 EPS for the current fiscal year.
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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