Sanchez Energy Corp (SN) Director Greg Colvin Buys 20,000 Shares
Sanchez Energy Corp (NYSE:SN) Director Greg Colvin purchased 20,000 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was purchased at an average cost of $6.75 per share, with a total value of $135,000.00. Following the purchase, the director now owns 92,151 shares in the company, valued at approximately $622,019.25. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Greg Colvin also recently made the following trade(s):
- On Tuesday, May 16th, Greg Colvin purchased 18,704 shares of Sanchez Energy Corp stock. The stock was purchased at an average cost of $6.71 per share, with a total value of $125,503.84.
Shares of Sanchez Energy Corp (NYSE:SN) traded up 1.17% on Monday, hitting $6.92. The stock had a trading volume of 3,414,490 shares. The stock’s 50-day moving average price is $8.00 and its 200 day moving average price is $9.54. Sanchez Energy Corp has a 52 week low of $5.64 and a 52 week high of $14.39. The company’s market cap is $525.44 million.
Sanchez Energy Corp (NYSE:SN) last issued its earnings results on Tuesday, May 9th. The energy producer reported ($1.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.84. The firm had revenue of $133.80 million during the quarter, compared to the consensus estimate of $128.68 million. During the same period in the prior year, the company earned ($0.30) EPS. The company’s revenue for the quarter was up 67.7% compared to the same quarter last year. On average, analysts predict that Sanchez Energy Corp will post $0.05 EPS for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. increased its position in shares of Sanchez Energy Corp by 13.6% in the fourth quarter. Franklin Resources Inc. now owns 175,044 shares of the energy producer’s stock valued at $1,581,000 after buying an additional 20,919 shares in the last quarter. State Street Corp increased its position in shares of Sanchez Energy Corp by 5.2% in the fourth quarter. State Street Corp now owns 3,357,476 shares of the energy producer’s stock valued at $30,321,000 after buying an additional 165,627 shares in the last quarter. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Sanchez Energy Corp during the first quarter valued at approximately $231,000. Bogle Investment Management L P DE acquired a new position in shares of Sanchez Energy Corp during the fourth quarter valued at approximately $5,248,000. Finally, AQR Capital Management LLC increased its position in shares of Sanchez Energy Corp by 215.0% in the fourth quarter. AQR Capital Management LLC now owns 41,209 shares of the energy producer’s stock valued at $372,000 after buying an additional 28,125 shares in the last quarter. Institutional investors own 60.56% of the company’s stock.
Several brokerages recently commented on SN. FBR & Co lowered their price target on Sanchez Energy Corp from $18.00 to $15.00 and set an “outperform” rating for the company in a research note on Wednesday, March 15th. Stifel Nicolaus reissued a “hold” rating and issued a $9.00 price target (down previously from $11.00) on shares of Sanchez Energy Corp in a research note on Thursday, April 27th. Royal Bank of Canada boosted their price target on Sanchez Energy Corp from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, January 24th. KLR Group reissued a “buy” rating and issued a $18.00 price target (up previously from $17.00) on shares of Sanchez Energy Corp in a research note on Thursday, February 23rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $14.00 target price (up previously from $10.00) on shares of Sanchez Energy Corp in a research report on Monday, February 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. Sanchez Energy Corp has a consensus rating of “Buy” and a consensus price target of $14.19.
About Sanchez Energy Corp
Sanchez Energy Corporation is an independent exploration and production company. The Company is focused on the acquisition and development of the United States onshore unconventional oil and natural gas resources. The Company primarily focuses on the Eagle Ford Shale in South Texas. The Company also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.
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