Sanchez Energy Corporation (SN) EVP Patricio D. Sanchez Acquires 222,000 Shares
Sanchez Energy Corporation (NYSE:SN) EVP Patricio D. Sanchez acquired 222,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average cost of $4.51 per share, for a total transaction of $1,001,220.00. Following the purchase, the executive vice president now owns 473,485 shares of the company’s stock, valued at $2,135,417.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Sanchez Energy Corporation (SN) traded down 1.76% during trading on Friday, hitting $4.47. The stock had a trading volume of 5,806,371 shares. The firm’s market cap is $342.60 million. The firm’s 50 day moving average is $4.67 and its 200 day moving average is $7.09. Sanchez Energy Corporation has a 1-year low of $3.96 and a 1-year high of $14.39.
Sanchez Energy Corporation (NYSE:SN) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $178.97 million. Sanchez Energy Corporation’s quarterly revenue was up 58.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($3.20) EPS. On average, analysts anticipate that Sanchez Energy Corporation will post ($0.81) earnings per share for the current year.
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A number of analysts recently commented on the company. Royal Bank Of Canada set a $13.00 price objective on Sanchez Energy Corporation and gave the company a “buy” rating in a research note on Saturday, June 24th. J P Morgan Chase & Co began coverage on Sanchez Energy Corporation in a research note on Friday. They issued a “neutral” rating on the stock. Zacks Investment Research raised Sanchez Energy Corporation from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub lowered Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $5.00 price target on shares of Sanchez Energy Corporation in a research note on Tuesday, June 27th. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Sanchez Energy Corporation currently has a consensus rating of “Hold” and an average price target of $12.63.
Several hedge funds and other institutional investors have recently bought and sold shares of SN. Vanguard Group Inc. lifted its position in shares of Sanchez Energy Corporation by 88.0% during the 1st quarter. Vanguard Group Inc. now owns 11,557,888 shares of the energy producer’s stock worth $110,263,000 after purchasing an additional 5,408,805 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Sanchez Energy Corporation in the 2nd quarter valued at approximately $32,388,000. State Street Corp raised its holdings in 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 acquiring an additional 2,446,795 shares in the last quarter. Blackstone Group L.P. acquired a new position in Sanchez Energy Corporation in the 1st quarter valued at approximately $18,651,000. Finally, Tyrus Capital S.A.M. acquired a new position in Sanchez Energy Corporation in the 1st quarter valued at approximately $10,494,000. 70.44% of the stock is owned by institutional investors and hedge funds.
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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