Sanchez Energy Corp. (SN) Stock Price Down 3.6%
Sanchez Energy Corp. (NYSE:SN)’s share price traded down 3.6% on Tuesday . The stock traded as low as $8.02 and last traded at $8.07, with a volume of 1,338,620 shares traded. The stock had previously closed at $8.37.
A number of research firms have recently commented on SN. National Securities raised their price objective on Sanchez Energy Corp. from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Zacks Investment Research downgraded Sanchez Energy Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Vetr downgraded Sanchez Energy Corp. from a “buy” rating to a “hold” rating and set a $9.00 price objective on the stock. in a report on Thursday, August 18th. Piper Jaffray Cos. restated a “neutral” rating and issued a $8.00 price objective on shares of Sanchez Energy Corp. in a report on Thursday, July 7th. Finally, KLR Group upgraded Sanchez Energy Corp. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $8.00 to $9.00 in a report on Monday, July 18th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.03.
The stock’s market capitalization is $469.71 million. The company has a 50-day moving average of $8.24 and a 200 day moving average of $7.34.
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Sanchez Energy Corp. (NYSE:SN) last issued its earnings results on Monday, August 8th. The company reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by $3.11. The business earned $111 million during the quarter, compared to analysts’ expectations of $121.61 million. During the same quarter in the prior year, the business earned ($0.43) EPS. Equities research analysts expect that Sanchez Energy Corp. will post ($0.18) earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its stake in shares of Sanchez Energy Corp. by 223.8% in the second quarter. State Street Corp now owns 3,104,251 shares of the company’s stock worth $21,919,000 after buying an additional 2,145,465 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Sanchez Energy Corp. by 315,100.0% in the second quarter. JPMorgan Chase & Co. now owns 1,046,464 shares of the company’s stock worth $7,388,000 after buying an additional 1,046,132 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Sanchez Energy Corp. by 28.0% in the second quarter. Vanguard Group Inc. now owns 4,401,736 shares of the company’s stock worth $31,076,000 after buying an additional 961,712 shares in the last quarter. Spark Investment Management LLC bought a new stake in shares of Sanchez Energy Corp. during the first quarter worth $3,861,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Sanchez Energy Corp. during the first quarter worth $2,856,000. Hedge funds and other institutional investors own 59.55% of the company’s stock.
Sanchez Energy Corp. Company Profile
Sanchez Energy Corporation is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the onshore United States Gulf Coast. The Company focuses on the Eagle Ford Shale in South Texas and the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.
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