Insider Selling: Michael Long Sells 7,754 Shares of Sanchez Energy Corp. Stock (SN)
Sanchez Energy Corp. (NYSE:SN) CFO Michael Long sold 7,754 shares of the stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $24.37, for a total transaction of $188,964.98. Following the sale, the chief financial officer now directly owns 214,232 shares in the company, valued at approximately $5,220,834. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Sanchez Energy Corp. presently has a consensus rating of “Buy” and a consensus price target of $32.04.
Sanchez Energy Corp. (NYSE:SN) traded up 1.43% on Friday, hitting $25.61. 780,821 shares of the company’s stock traded hands. Sanchez Energy Corp. has a one year low of $17.02 and a one year high of $30.92. The stock has a 50-day moving average of $24.62 and a 200-day moving average of $25.02. The company’s market cap is $1.140 billion.
Sanchez Energy Corp. (NYSE:SN) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter was up 654.2% on a year-over-year basis. On average, analysts predict that Sanchez Energy Corp. will post $1.03 earnings per share 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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