Eduardo Augusto Sanchez Purchases 100,000 Shares of Sanchez Energy Corporation (SN) Stock
Sanchez Energy Corporation (NYSE:SN) President Eduardo Augusto Sanchez purchased 100,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was acquired at an average cost of $4.77 per share, with a total value of $477,000.00. Following the completion of the acquisition, the president now directly owns 1,235,981 shares in the company, valued at approximately $5,895,629.37. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Sanchez Energy Corporation (NYSE:SN) traded up 0.89% on Thursday, reaching $4.55. 3,632,321 shares of the company’s stock were exchanged. Sanchez Energy Corporation has a 12 month low of $3.96 and a 12 month high of $14.39. The firm’s market capitalization is $348.73 million. The firm has a 50-day moving average of $4.67 and a 200-day moving average of $7.09.
Sanchez Energy Corporation (NYSE:SN) last issued its quarterly earnings data on Wednesday, August 9th. The energy producer reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.18). The business had revenue of $175.70 million for the quarter, compared to analysts’ expectations of $178.97 million. During the same quarter in the prior year, the company posted ($3.20) earnings per share. The firm’s revenue was up 58.3% on a year-over-year basis. On average, equities analysts expect that Sanchez Energy Corporation will post ($0.81) earnings per share for the current year.
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SN has been the subject of several research reports. Royal Bank Of Canada set a $13.00 price target on shares of Sanchez Energy Corporation and gave the company a “buy” rating in a report on Saturday, June 24th. KLR Group reaffirmed a “buy” rating and issued a $10.00 price target (down from $12.00) on shares of Sanchez Energy Corporation in a report on Wednesday, May 17th. Zacks Investment Research raised shares of Sanchez Energy Corporation from a “strong sell” rating to a “hold” rating in a report on Thursday, July 13th. BMO Capital Markets reaffirmed a “hold” rating and issued a $5.00 price target on shares of Sanchez Energy Corporation in a report on Tuesday, June 27th. Finally, Seaport Global Securities lowered shares of Sanchez Energy Corporation from a “buy” rating to a “sell” rating and decreased their price target for the company from $15.00 to $5.00 in a report on Wednesday, June 21st. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Sanchez Energy Corporation presently has an average rating of “Hold” and an average price target of $12.63.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Nomura Holdings Inc. bought a new position in shares of Sanchez Energy Corporation in the 2nd quarter valued at about $359,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Sanchez Energy Corporation by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 50,374 shares of the energy producer’s stock valued at $362,000 after purchasing an additional 231 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Sanchez Energy Corporation by 23.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 56,593 shares of the energy producer’s stock valued at $406,000 after purchasing an additional 10,910 shares during the last quarter. State Street Corp boosted its stake in shares of Sanchez Energy Corporation by 50.0% in the 2nd quarter. State Street Corp now owns 7,343,314 shares of the energy producer’s stock valued at $52,727,000 after purchasing an additional 2,446,795 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Sanchez Energy Corporation by 92.9% in the 2nd quarter. Janus Henderson Group PLC now owns 919,011 shares of the energy producer’s stock valued at $6,598,000 after purchasing an additional 442,499 shares during the last quarter. 70.44% of the stock is currently owned by institutional investors.
About Sanchez Energy Corporation
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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