Sanchez Energy Corp (NYSE:SN) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 21,901,234 shares, a growth of 22.5% from the April 28th total of 17,878,413 shares. Based on an average trading volume of 5,164,088 shares, the days-to-cover ratio is presently 4.2 days. Approximately 30.7% of the shares of the company are sold short.

Shares of Sanchez Energy Corp (NYSE:SN) traded down 7.79% during midday trading on Thursday, hitting $6.63. The company had a trading volume of 4,780,121 shares. The company’s market cap is $503.42 million. Sanchez Energy Corp has a 12 month low of $5.64 and a 12 month high of $14.39. The stock’s 50-day moving average price is $7.85 and its 200-day moving average price is $9.53.

Sanchez Energy Corp (NYSE:SN) last announced its quarterly earnings results on Tuesday, May 9th. The energy producer reported ($1.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.84. The business had revenue of $133.80 million during the quarter, compared to the consensus estimate of $128.68 million. During the same period in the previous year, the business earned ($0.30) EPS. The business’s revenue for the quarter was up 67.7% compared to the same quarter last year. On average, equities research analysts forecast that Sanchez Energy Corp will post $0.05 EPS for the current year.

In other news, CAO Kirsten A. Hink sold 4,129 shares of the stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $8.31, for a total value of $34,311.99. Following the completion of the sale, the chief accounting officer now directly owns 205,844 shares of the company’s stock, valued at $1,710,563.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Christopher Heinson sold 35,170 shares of the stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $8.31, for a total value of $292,262.70. Following the completion of the sale, the chief operating officer now directly owns 621,655 shares of the company’s stock, valued at $5,165,953.05. The disclosure for this sale can be found here. Insiders sold 62,029 shares of company stock valued at $501,141 over the last three months. Corporate insiders own 15.32% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board raised its stake in shares of Sanchez Energy Corp by 5.3% in the first quarter. Canada Pension Plan Investment Board now owns 18,000 shares of the energy producer’s stock valued at $172,000 after buying an additional 900 shares during the period. Oxford Asset Management raised its stake in shares of Sanchez Energy Corp by 1.9% in the first quarter. Oxford Asset Management now owns 122,033 shares of the energy producer’s stock valued at $1,164,000 after buying an additional 2,273 shares during the period. Teachers Advisors LLC raised its stake in shares of Sanchez Energy Corp by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 93,395 shares of the energy producer’s stock valued at $843,000 after buying an additional 2,646 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in shares of Sanchez Energy Corp by 7.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 46,930 shares of the energy producer’s stock valued at $448,000 after buying an additional 3,368 shares during the period. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Sanchez Energy Corp by 10.5% in the first quarter. Stratos Wealth Partners LTD. now owns 38,035 shares of the energy producer’s stock valued at $363,000 after buying an additional 3,621 shares during the period. Institutional investors own 60.56% of the company’s stock.

Several research firms have recently weighed in on SN. FBR & Co decreased their price objective on Sanchez Energy Corp from $18.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday, March 15th. Stifel Nicolaus reissued a “hold” rating and issued a $9.00 price objective (down from $11.00) on shares of Sanchez Energy Corp in a report on Thursday, April 27th. BMO Capital Markets reissued a “market perform” rating and issued a $14.00 price objective (up from $10.00) on shares of Sanchez Energy Corp in a report on Monday, February 6th. KLR Group reissued a “buy” rating and issued a $18.00 price objective (up from $17.00) on shares of Sanchez Energy Corp in a report on Thursday, February 23rd. Finally, Royal Bank of Canada set a $14.00 price objective on Sanchez Energy Corp and gave the company a “buy” rating in a report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $14.19.

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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.

12 Month Chart for NYSE:SN

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