Sanchez Energy Corp Given Average Rating of “Buy” by Analysts (NYSE:SN)
Shares of Sanchez Energy Corp (NYSE:SN) have been given a consensus recommendation of “Buy” by the twenty analysts that are covering the company, AnalystRatingsNetwork.com reports. Four research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $34.03.
Shares of Sanchez Energy Corp (NYSE:SN) traded up 0.58% on Friday, hitting $26.13. 240,515 shares of the company’s stock traded hands. Sanchez Energy Corp has a 52-week low of $19.23 and a 52-week high of $32.96. The stock has a 50-day moving average of $28.91 and a 200-day moving average of $27.44. The company has a market cap of $1.166 billion and a P/E ratio of 118.09.
Sanchez Energy Corp (NYSE:SN) last announced its earnings results on Wednesday, May 7th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.05. The company had revenue of $134.60 million for the quarter, compared to the consensus estimate of $129.26 million. During the same quarter last year, the company posted $0.13 earnings per share. Sanchez Energy Corp’s revenue was up 337.0% compared to the same quarter last year. Analysts expect that Sanchez Energy Corp will post $1.38 EPS for the current fiscal year.
SN has been the subject of a number of recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Sanchez Energy Corp in a research note on Friday. They now have a $36.00 price target on the stock, down previously from $37.00. Separately, 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. Finally, 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.
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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