Equities researchers at J P Morgan Chase & Co started coverage on shares of Sanchez Energy Corporation (NYSE:SN) in a report issued on Friday, MarketBeat reports. The firm set a “neutral” rating on the energy producer’s stock.

Several other analysts have also recently commented on SN. Royal Bank Of Canada reiterated a “buy” rating and issued a $10.00 target price on shares of Sanchez Energy Corporation in a report on Thursday, July 20th. Zacks Investment Research upgraded Sanchez Energy Corporation from a “strong sell” rating to a “hold” rating in a report on Thursday, July 13th. BMO Capital Markets reiterated a “hold” rating and issued a $5.00 target price on shares of Sanchez Energy Corporation in a report on Tuesday, June 27th. Seaport Global Securities cut Sanchez Energy Corporation from a “buy” rating to a “sell” rating and reduced their target price for the company from $15.00 to $5.00 in a report on Wednesday, June 21st. Finally, BidaskClub cut Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Five analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Sanchez Energy Corporation currently has a consensus rating of “Hold” and a consensus target price of $12.63.

Shares of Sanchez Energy Corporation (NYSE SN) traded down 1.76% on Friday, hitting $4.47. 5,806,871 shares of the stock traded hands. The stock’s market cap is $342.60 million. Sanchez Energy Corporation has a 1-year low of $3.96 and a 1-year high of $14.39. The stock has a 50 day moving average of $4.64 and a 200-day moving average of $7.04.

Sanchez Energy Corporation (NYSE:SN) last released its quarterly earnings data on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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. During the same period in the prior year, the company earned ($3.20) earnings per share. Sanchez Energy Corporation’s revenue for the quarter was up 58.3% compared to the same quarter last year. On average, equities research analysts expect that Sanchez Energy Corporation will post ($0.81) EPS for the current year.

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In other Sanchez Energy Corporation news, insider Patricio D. Sanchez purchased 320,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were purchased at an average cost of $4.55 per share, for a total transaction of $1,456,000.00. Following the acquisition, the insider now owns 473,485 shares of the company’s stock, valued at $2,154,356.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Patricio D. Sanchez purchased 222,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were acquired at an average price of $4.51 per share, for a total transaction of $1,001,220.00. Following the completion of the acquisition, the executive vice president now directly owns 473,485 shares in the company, valued at approximately $2,135,417.35. The disclosure for this purchase can be found here. Insiders have acquired a total of 742,000 shares of company stock worth $3,379,220 over the last 90 days. Company insiders own 14.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its position in shares of Sanchez Energy Corporation by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 50,374 shares of the energy producer’s stock worth $362,000 after purchasing an additional 231 shares during the period. Canada Pension Plan Investment Board raised its position in Sanchez Energy Corporation by 5.3% in the 1st 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 last quarter. Cambridge Investment Research Advisors Inc. raised its position in Sanchez Energy Corporation by 6.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 25,400 shares of the energy producer’s stock valued at $182,000 after buying an additional 1,650 shares during the last quarter. Oxford Asset Management raised its position in 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 buying an additional 2,273 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in Sanchez Energy Corporation by 2.9% in the 4th 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 last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Sanchez Energy Corporation Company Profile

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.

Analyst Recommendations for Sanchez Energy Corporation (NYSE:SN)

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