Sanchez Energy Corp CEO Antonio R. Sanchez III Unloads 425,000 Shares (SN)
Sanchez Energy Corp (NYSE:SN) CEO Antonio R. Sanchez III sold 425,000 shares of the stock on the open market in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $35.25, for a total transaction of $14,981,250.00. Following the sale, the chief executive officer now directly owns 407,000 shares in the company, valued at approximately $14,346,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Sanchez Energy Corp (NYSE:SN) traded up 1.90% during mid-day trading on Friday, hitting $38.00. The stock had a trading volume of 3,295,809 shares. Sanchez Energy Corp has a 52 week low of $20.40 and a 52 week high of $38.02. The stock’s 50-day moving average is $31.98 and its 200-day moving average is $28.59. The company’s market cap is $1.884 billion.
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 $1.30 EPS for the current fiscal year.
A number of research firms have recently commented on SN. Analysts at Northland Securities raised their price target on shares of Sanchez Energy Corp from $39.00 to $45.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Sanchez Energy Corp currently has a consensus rating of “Buy” and a consensus price target of $38.02.
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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