Sanchez Energy Corp major shareholder Antonio R. Sanchez, Jr. Unloads 700,000 Shares (SN)
Sanchez Energy Corp (NYSE:SN) major shareholder Antonio R. Sanchez, Jr. unloaded 700,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $35.25, for a total value of $24,675,000.00. Following the completion of the transaction, the insider now directly owns 846,143 shares in the company, valued at approximately $29,826,541. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Sanchez Energy Corp (NYSE:SN) traded up 1.90% on Friday, hitting $38.00. 3,295,809 shares of the company’s stock traded hands. 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 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.
SN has been the subject of a number of recent research reports. 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Sanchez Energy Corp presently has a consensus rating of “Buy” and an average 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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