Sanchez Energy Corporation (SN) Insider Buys $1,456,000.00 in Stock
Sanchez Energy Corporation (NYSE:SN) insider Patricio D. Sanchez bought 320,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were acquired at an average cost of $4.55 per share, for a total transaction of $1,456,000.00. Following the purchase, the insider now directly owns 473,485 shares in the company, valued at $2,154,356.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Sanchez Energy Corporation (NYSE:SN) traded down 1.76% during midday trading on Friday, hitting $4.47. The stock had a trading volume of 5,806,371 shares. Sanchez Energy Corporation has a 52 week low of $3.96 and a 52 week high of $14.39. The stock has a 50 day moving average price of $4.67 and a 200-day moving average price of $7.09. The stock’s market capitalization is $342.60 million.
Sanchez Energy Corporation (NYSE:SN) last posted its quarterly earnings results on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.18). The firm had revenue of $175.70 million during the quarter, compared to the consensus estimate of $178.97 million. The firm’s revenue for the quarter was up 58.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($3.20) earnings per share. Equities research analysts anticipate that Sanchez Energy Corporation will post ($0.81) earnings per share for the current year.
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A number of research firms have recently commented on SN. Royal Bank Of Canada set a $13.00 price objective on Sanchez Energy Corporation and gave the stock 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 downgraded 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 objective 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 issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $12.63.
Hedge funds have recently bought and sold shares of the company. Oxford Asset Management lifted its stake in shares of Sanchez Energy Corporation by 1.9% in the 1st quarter. Oxford Asset Management now owns 122,033 shares of the energy producer’s stock valued at $1,164,000 after purchasing an additional 2,273 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Sanchez Energy Corporation by 644.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 668,025 shares of the energy producer’s stock valued at $6,373,000 after purchasing an additional 578,236 shares during the period. Driehaus Capital Management LLC acquired a new position in shares of Sanchez Energy Corporation in the 1st quarter valued at $166,000. SG Americas Securities LLC lifted its stake in shares of Sanchez Energy Corporation by 485.9% in the 2nd quarter. SG Americas Securities LLC now owns 180,093 shares of the energy producer’s stock valued at $1,293,000 after purchasing an additional 149,355 shares during the period. Finally, Sanders Morris Harris LLC lifted its stake in shares of Sanchez Energy Corporation by 6.1% in the 2nd quarter. Sanders Morris Harris LLC now owns 346,000 shares of the energy producer’s stock valued at $2,484,000 after purchasing an additional 20,000 shares during the period. 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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