Sanchez Energy Corp Price Target Raised to $45.00 at Northland Securities (SN)
Equities research analysts at Northland Securities raised their price objective on shares of Sanchez Energy Corp (NYSE:SN) from $39.00 to $45.00 in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. Northland Securities’ target price suggests a potential upside of 22.28% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Macquarie reiterated a “neutral” rating on shares of Sanchez Energy Corp in a research note on Monday. They now have a $38.00 price target on the stock, up previously from $32.00. Separately, analysts at Stifel Nicolaus raised their price target on shares of Sanchez Energy Corp from $38.00 to $44.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at Stifel raised their price target on shares of Sanchez Energy Corp from $38.00 to $44.00 in a research note on Monday. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $38.02.
Sanchez Energy Corp (NYSE:SN) opened at 36.80 on Tuesday. Sanchez Energy Corp has a 52-week low of $20.40 and a 52-week high of $36.84. The stock has a 50-day moving average of $30.93 and a 200-day moving average of $28.30. The company’s market cap is $1.825 billion.
Sanchez Energy Corp (NYSE:SN) last posted its quarterly earnings results 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. Analysts expect that Sanchez Energy Corp will post $1.37 EPS 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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