Sanchez Energy Corp Price Target Increased to $41.00 by Analysts at MLV & Co (SN)
Equities research analysts at MLV & Co
raised their price objective on shares of Sanchez Energy Corp (NYSE:SN) from $38.00 to $41.00 in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. MLV & Co
‘s price objective would suggest a potential upside of 30.53% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at MLV raised their price target on shares of Sanchez Energy Corp to $41.00 in a research note on Friday. Separately, analysts at Canaccord Genuity raised their price target on shares of Sanchez Energy Corp from $36.00 to $41.00 in a research note on Friday. Finally, analysts at Global Hunter Securities raised their price target on shares of Sanchez Energy Corp from $36.00 to $39.00 in a research note on Thursday. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Sanchez Energy Corp presently has an average rating of “Buy” and a consensus price target of $36.16.
Shares of Sanchez Energy Corp (NYSE:SN) opened at 31.41 on Friday. Sanchez Energy Corp has a 52-week low of $20.40 and a 52-week high of $34.50. The stock has a 50-day moving average of $28.68 and a 200-day moving average of $27.36. The company’s market cap is $1.557 billion.
Sanchez Energy Corp (NYSE:SN) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 337.0% on a year-over-year basis. On average, analysts predict that Sanchez Energy Corp will post $1.30 earnings per share for the current fiscal year.
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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