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Equities research analysts at RBC Capital upped their price objective on shares of Sanchez Energy Corp (NYSE:SN) from $33.00 to $34.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would suggest a potential upside of 8.25% from the stock’s previous close.

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 posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the 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 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. Analysts expect that Sanchez Energy Corp will post $1.30 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus raised their price target on shares of Sanchez Energy Corp from $36.00 to $38.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at MLV & Co
raised their price target on shares of Sanchez Energy Corp from $38.00 to $41.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at MLV raised their price target on shares of Sanchez Energy Corp to $41.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Sanchez Energy Corp has a consensus rating of “Buy” and a consensus price target of $36.59.

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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