Sanchez Energy Corporation (SN) Given a $5.00 Price Target at Stifel Nicolaus
Sanchez Energy Corporation (NYSE:SN) has been assigned a $5.00 target price by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday. The brokerage presently has a “hold” rating on the energy producer’s stock. Stifel Nicolaus’ price target suggests a potential upside of 1.63% from the company’s previous close.
A number of other equities analysts also recently commented on the company. ValuEngine downgraded Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Zacks Investment Research downgraded Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Royal Bank Of Canada restated a “buy” rating and set a $10.00 target price on shares of Sanchez Energy Corporation in a report on Thursday, July 20th. Capital One Financial Corporation downgraded Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 26th. Finally, Seaport Global Securities downgraded Sanchez Energy Corporation from a “buy” rating to a “sell” rating and decreased their target price for the company from $15.00 to $5.00 in a report on Wednesday, June 21st. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. Sanchez Energy Corporation presently has an average rating of “Hold” and a consensus target price of $11.45.
Shares of Sanchez Energy Corporation (NYSE:SN) traded down 5.69% during mid-day trading on Thursday, hitting $4.64. 1,496,565 shares of the stock traded hands. Sanchez Energy Corporation has a 52 week low of $3.96 and a 52 week high of $14.39. The firm’s 50-day moving average is $4.57 and its 200-day moving average is $6.45. The stock’s market cap is $355.63 million.
Sanchez Energy Corporation (NYSE:SN) last announced 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 company had revenue of $175.70 million during the quarter, compared to the consensus estimate of $178.97 million. The firm’s quarterly revenue was up 58.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($3.20) EPS. On average, analysts forecast that Sanchez Energy Corporation will post ($0.88) earnings per share for the current year.
In related news, EVP Patricio D. Sanchez bought 222,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were purchased at an average cost of $4.51 per share, with a total value of $1,001,220.00. Following the completion of the purchase, the executive vice president now owns 473,485 shares in the company, valued at approximately $2,135,417.35. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Patricio D. Sanchez bought 320,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of $4.55 per share, for a total transaction of $1,456,000.00. Following the completion of the purchase, the insider now owns 473,485 shares of the company’s stock, valued at approximately $2,154,356.75. The disclosure for this purchase can be found here. Over the last three months, insiders bought 742,000 shares of company stock worth $3,379,220. Insiders own 14.70% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SN. Vanguard Group Inc. grew its stake in shares of Sanchez Energy Corporation by 88.0% in the first quarter. Vanguard Group Inc. now owns 11,557,888 shares of the energy producer’s stock worth $110,263,000 after acquiring an additional 5,408,805 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Sanchez Energy Corporation during the second quarter valued at $32,388,000. State Street Corp boosted its position in shares of Sanchez Energy Corporation by 50.0% during the second quarter. State Street Corp now owns 7,343,314 shares of the energy producer’s stock valued at $52,727,000 after buying an additional 2,446,795 shares during the last quarter. Blackstone Group L.P. purchased a new stake in shares of Sanchez Energy Corporation during the first quarter valued at $18,651,000. Finally, Tyrus Capital S.A.M. purchased a new stake in shares of Sanchez Energy Corporation during the first quarter valued at $10,494,000. 70.09% of the stock is currently owned by hedge funds and other institutional investors.
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.
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