Sanchez Energy Corporation (NYSE:SN) received a $5.00 target price from stock analysts at BMO Capital Markets in a report released on Tuesday. The firm presently has a “hold” rating on the energy producer’s stock. BMO Capital Markets’ price target points to a potential upside of 13.38% from the stock’s previous close.

Several other brokerages have also recently weighed in on SN. Seaport Global Securities raised Sanchez Energy Corporation from a “sell” rating to a “neutral” rating and set a $4.50 price objective for the company in a report on Wednesday, October 4th. Piper Jaffray Companies reissued a “neutral” rating and set a $6.00 price objective (down from $14.00) on shares of Sanchez Energy Corporation in a report on Monday, September 18th. Royal Bank Of Canada set a $13.00 price objective on Sanchez Energy Corporation and gave the stock a “buy” rating in a report on Saturday, June 24th. BidaskClub cut Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research raised Sanchez Energy Corporation from a “strong sell” rating to a “hold” rating in a report on Thursday, July 13th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $11.45.

Sanchez Energy Corporation (NYSE SN) opened at 4.41 on Tuesday. The company’s market cap is $338.00 million. Sanchez Energy Corporation has a 52-week low of $3.96 and a 52-week high of $14.39. The stock’s 50 day moving average is $4.53 and its 200 day moving average is $6.31.

Sanchez Energy Corporation (NYSE:SN) last announced its quarterly earnings data on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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. The company’s revenue was up 58.3% on a year-over-year basis. During the same period in the prior year, the company earned ($3.20) earnings per share. Equities research analysts forecast that Sanchez Energy Corporation will post ($0.88) earnings per share for the current year.

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In related news, CAO Kirsten A. Hink sold 36,088 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $5.04, for a total value of $181,883.52. Following the completion of the transaction, the chief accounting officer now directly owns 178,390 shares in the company, valued at approximately $899,085.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Antonio R. Sanchez III acquired 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was acquired at an average price of $4.45 per share, with a total value of $445,000.00. Following the completion of the transaction, 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 bought a total of 742,000 shares of company stock valued at $3,379,220 over the last 90 days. Corporate insiders own 14.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of SN. Vanguard Group Inc. grew its position in shares of Sanchez Energy Corporation by 88.0% in the 1st quarter. Vanguard Group Inc. now owns 11,557,888 shares of the energy producer’s stock valued at $110,263,000 after purchasing an additional 5,408,805 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Sanchez Energy Corporation in the 2nd quarter valued at approximately $32,388,000. State Street Corp grew its position in shares of 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 purchasing an additional 2,446,795 shares during the period. Blackstone Group L.P. acquired a new position in shares of Sanchez Energy Corporation in the 1st quarter valued at approximately $18,651,000. Finally, Tyrus Capital S.A.M. acquired a new position in shares of Sanchez Energy Corporation in the 1st quarter valued at approximately $10,494,000. Institutional investors and hedge funds own 70.09% of the company’s stock.

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.

Analyst Recommendations for Sanchez Energy Corporation (NYSE:SN)

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