SunTrust Increases Sanchez Energy Corp Price Target to $47.00 (SN)
SunTrust raised their price objective on shares of Sanchez Energy Corp (NYSE:SN) from $45.00 to $47.00 in a research note issued on Monday. The firm currently has a “buy” rating on the stock. SunTrust’s target price suggests a potential upside of 23.68% from the company’s current price.
Sanchez Energy Corp (NYSE:SN) traded down 0.30% on Monday, hitting $37.8865. The stock had a trading volume of 582,021 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 $1.878 billion.
Sanchez Energy Corp (NYSE:SN) last announced its 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. On average, analysts predict that Sanchez Energy Corp will post $1.30 earnings per share for the current fiscal year.
In other Sanchez Energy Corp news, major shareholder Antonio R. Sanchez, Jr. unloaded 700,000 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $35.25, for a total value of $24,675,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Other equities research analysts have also recently issued reports about the stock. 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, June 17th. 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, June 16th. 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, June 16th. 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 assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $38.71.
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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