Sanchez Energy Corp. VP Unloads $83,438 in Stock (SN)
Sanchez Energy Corp. (NYSE:SN) VP Kirsten Hink sold 3,414 shares of the stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of $24.44, for a total transaction of $83,438.16. Following the sale, the vice president now directly owns 36,000 shares in the company, valued at approximately $879,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 equities 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 assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $32.04.
Sanchez Energy Corp. (NYSE:SN) traded up 1.43% during mid-day trading on Friday, hitting $25.61. 780,821 shares of the company’s stock traded hands. 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 $24.62 and its 200-day moving average is $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 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. 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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