Shares of Sanchez Energy Corp. (NYSE:SN) rose 5% on Wednesday . The company traded as high as $8.49 and last traded at $8.42, with a volume of 1,475,150 shares traded. The stock had previously closed at $8.02.

SN has been the topic of a number of recent research reports. Zacks Investment Research lowered Sanchez Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 31st. National Securities initiated coverage on Sanchez Energy Corp. in a research report on Monday, June 27th. They set a “buy” rating and a $9.00 price objective on the stock. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $8.00 price objective on shares of Sanchez Energy Corp. in a research report on Thursday, July 7th. KLR Group raised Sanchez Energy Corp. from a “hold” rating to a “buy” rating and upped their price objective for the stock from $8.00 to $9.00 in a research report on Monday, July 18th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Sanchez Energy Corp. in a research report on Wednesday, July 20th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $8.03.

The firm has a 50 day moving average of $8.30 and a 200 day moving average of $7.36. The firm’s market capitalization is $502.50 million.

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Sanchez Energy Corp. (NYSE:SN) last issued its quarterly earnings data 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 had revenue of $111 million for the quarter, compared to analysts’ expectations of $121.61 million. During the same quarter in the prior year, the company earned ($0.43) EPS. Analysts expect that Sanchez Energy Corp. will post ($0.18) EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the company. Sanders Morris Harris Inc. purchased a new position in shares of Sanchez Energy Corp. during the first quarter worth approximately $1,433,000. Fox Run Management L.L.C. purchased a new position in shares of Sanchez Energy Corp. during the second quarter worth approximately $306,000. State Street Corp raised its position in shares of Sanchez Energy Corp. by 14.6% in the first quarter. State Street Corp now owns 958,786 shares of the company’s stock worth $5,260,000 after buying an additional 121,815 shares in the last quarter. Societe Generale purchased a new position in shares of Sanchez Energy Corp. during the second quarter worth approximately $101,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Sanchez Energy Corp. during the first quarter worth approximately $2,856,000. Hedge funds and other institutional investors own 58.86% of the company’s stock.

About Sanchez Energy Corp.

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.

5 Day Chart for NYSE:SN

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