Equities Analysts Set Expectations for Sanchez Energy Corporation’s Q4 2017 Earnings (SN)
Sanchez Energy Corporation (NYSE:SN) – Equities researchers at Seaport Global Securities dropped their Q4 2017 earnings per share (EPS) estimates for Sanchez Energy Corporation in a research report issued to clients and investors on Wednesday. Seaport Global Securities analyst M. Kelly now forecasts that the energy producer will post earnings per share of $0.03 for the quarter, down from their previous forecast of $0.04. Seaport Global Securities currently has a “Neutral” rating and a $4.50 target price on the stock.
Sanchez Energy Corporation (NYSE:SN) last issued its earnings results 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 company had revenue of $175.70 million for the quarter, compared to analyst estimates of $178.97 million. During the same period in the prior year, the business earned ($3.20) EPS. The business’s revenue was up 58.3% compared to the same quarter last year. WARNING: This piece of content was first posted by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/05/equities-analysts-set-expectations-for-sanchez-energy-corporations-q4-2017-earnings-sn.html.
A number of other research analysts have also recently weighed in on SN. Royal Bank Of Canada set a $13.00 target price on shares of Sanchez Energy Corporation and gave the company a “buy” rating in a research note on Saturday, June 24th. BMO Capital Markets reiterated a “hold” rating and issued a $5.00 target price on shares of Sanchez Energy Corporation in a research note on Tuesday, June 27th. Zacks Investment Research upgraded shares of Sanchez Energy Corporation from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub cut shares of Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, Capital One Financial Corporation cut shares of Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 26th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Sanchez Energy Corporation currently has a consensus rating of “Hold” and an average price target of $11.82.
Shares of Sanchez Energy Corporation (NYSE:SN) opened at 4.73 on Thursday. Sanchez Energy Corporation has a 52 week low of $3.96 and a 52 week high of $14.39. The company has a 50-day moving average of $4.57 and a 200 day moving average of $6.46. The firm’s market capitalization is $362.53 million.
In other Sanchez Energy Corporation news, EVP Patricio D. Sanchez purchased 222,000 shares of the company’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 approximately $2,135,417.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Antonio R. Sanchez III purchased 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were acquired at an average price of $4.45 per share, for a total transaction of $445,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,494,783 shares in the company, valued at approximately $6,651,784.35. The disclosure for this purchase can be found here. Insiders have purchased a total of 742,000 shares of company stock worth $3,379,220 over the last 90 days. 14.70% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in SN. Teachers Advisors LLC lifted its stake in shares of Sanchez Energy Corporation by 2.9% during 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 in the last quarter. Nationwide Fund Advisors increased its holdings in Sanchez Energy Corporation by 44.1% during the 1st quarter. Nationwide Fund Advisors now owns 47,013 shares of the energy producer’s stock worth $449,000 after acquiring an additional 14,388 shares during the period. Bank of New York Mellon Corp increased its holdings in Sanchez Energy Corporation by 36.0% during the 1st quarter. Bank of New York Mellon Corp now owns 459,413 shares of the energy producer’s stock worth $4,384,000 after acquiring an additional 121,547 shares during the period. Swiss National Bank increased its holdings in Sanchez Energy Corporation by 17.1% during the 1st quarter. Swiss National Bank now owns 120,100 shares of the energy producer’s stock worth $1,146,000 after acquiring an additional 17,500 shares during the period. Finally, UBS Asset Management Americas Inc. increased its holdings in Sanchez Energy Corporation by 60.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 36,763 shares of the energy producer’s stock worth $351,000 after acquiring an additional 13,864 shares during the period. Institutional investors own 70.09% 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.
Receive News & Ratings for Sanchez Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanchez Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.