Sanchez Energy Corp (SN) Announces Quarterly Earnings Results, Misses Expectations By $0.05 EPS
Sanchez Energy Corp (NYSE:SN) issued its quarterly earnings data on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.05, AnalystRatings.Net reports. The company had revenue of $134.60 million for the quarter, compared to the consensus estimate of $129.26 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 337.0% on a year-over-year basis.
Shares of Sanchez Energy Corp (NYSE:SN) traded down 2.12% during mid-day trading on Wednesday, hitting $27.24. The stock had a trading volume of 1,210,421 shares. Sanchez Energy Corp has a one year low of $19.08 and a one year high of $32.96. The stock has a 50-day moving average of $29.02 and a 200-day moving average of $27.46. The company has a market cap of $1.215 billion and a P/E ratio of 126.50.
A number of research firms have recently commented on SN. Analysts at MLV & Co
raised their price target on shares of Sanchez Energy Corp from $35.00 to $38.00 in a research note on Wednesday, March 26th. On the ratings front, analysts at Global Hunter Securities raised their price target on shares of Sanchez Energy Corp to $36.00 in a research note on Wednesday, March 26th. Finally, analysts at Imperial Capital raised their price target on shares of Sanchez Energy Corp from $28.00 to $31.00 in a research note on Friday, March 7th. They now have an “in-line” rating on the stock. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $34.10.
Sanchez Energy Corporation is an independent exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources in the onshore United States Gulf Coast.
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