Sanchez Energy Corp Receives Average Recommendation of “Buy” from Brokerages (NYSE:SN)
Sanchez Energy Corp (NYSE:SN) has earned a consensus rating of “Buy” from the seventeen analysts that are presently covering the company, Stock Ratings News reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $38.91.
SN has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Sanchez Energy Corp from a “neutral” rating to an “underperform” rating in a research note on Monday, August 11th. They now have a $29.60 price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Sanchez Energy Corp from $45.00 to $43.00 in a research note on Friday, August 8th. Finally, 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.
Shares of Sanchez Energy Corp (NYSE:SN) traded up 0.73% during mid-day trading on Friday, hitting $31.90. The stock had a trading volume of 74,515 shares. Sanchez Energy Corp has a 52-week low of $22.57 and a 52-week high of $38.95. The stock has a 50-day moving average of $32.27 and a 200-day moving average of $31.39. The company’s market cap is $1.776 billion.
Sanchez Energy Corp (NYSE:SN) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 156.5% on a year-over-year basis. Analysts expect that Sanchez Energy Corp will post $0.98 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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