Sanchez Energy Corp PT Lowered to $43.00 (SN)
Research analysts at Canaccord Genuity cut their target price on shares of Sanchez Energy Corp (NYSE:SN) from $45.00 to $43.00 in a report released on Friday. Canaccord Genuity’s price target indicates a potential upside of 37.82% from the stock’s previous close.
SN has been the subject of a number of other recent research reports. Analysts at KLR Group raised their price target on shares of Sanchez Energy Corp from $1.00 to $39.00 in a research note on Monday, June 30th. They now have an “accumulate” rating on the stock. Separately, analysts at SunTrust raised their price target on shares of Sanchez Energy Corp from $45.00 to $47.00 in a research note on Monday, June 23rd. They now have a “buy” rating on the stock. Finally, 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. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $39.57.
Shares of Sanchez Energy Corp (NYSE:SN) traded up 2.13% during mid-day trading on Friday, hitting $31.20. 880,293 shares of the company’s stock traded hands. Sanchez Energy Corp has a 52-week low of $21.32 and a 52-week high of $38.95. The stock’s 50-day moving average is $34.13 and its 200-day moving average is $30.82. The company’s market cap is $1.579 billion.
Sanchez Energy Corp (NYSE:SN) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.26 by $0.03. The company had revenue of $151.60 million for the quarter, compared to the consensus estimate of $145.56 million. During the same quarter last year, the company posted $0.17 earnings per share. Sanchez Energy Corp’s revenue was up 156.5% compared to the same quarter last year. Analysts expect that Sanchez Energy Corp will post $1.21 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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