Sanchez Energy Corporation (NYSE:SN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage currently has a $4.75 price target on the energy producer’s stock. Zacks Investment Research‘s price target indicates a potential upside of 18.16% from the stock’s current price.

According to Zacks, “Sanchez Energy Corporation is an independent oil and gas exploration and development company focused on the exploration, acquisition and development of unconventional oil and natural gas resources, primarily in the Eagle Ford Shale in South Texas. Sanchez Energy Corporation is headquartered in Houston, Texas. “

A number of other brokerages have also recently commented on SN. Royal Bank Of Canada set a $13.00 price target on shares of Sanchez Energy Corporation and gave the stock a “buy” rating in a research note on Saturday, June 24th. BidaskClub cut shares of Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. BMO Capital Markets set a $5.00 price target on shares of Sanchez Energy Corporation and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Seaport Global Securities upgraded shares of Sanchez Energy Corporation from a “sell” rating to a “neutral” rating and set a $4.50 price target for the company in a research note on Wednesday, October 4th. Finally, Stifel Nicolaus set a $5.00 price target on shares of Sanchez Energy Corporation and gave the stock a “hold” rating in a research note on Thursday, October 5th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $10.44.

Shares of Sanchez Energy Corporation (NYSE:SN) traded down 1.71% during mid-day trading on Thursday, reaching $4.02. The company’s stock had a trading volume of 2,690,075 shares. The stock’s market capitalization is $308.11 million. The company has a 50 day moving average price of $4.51 and a 200 day moving average price of $6.06. Sanchez Energy Corporation has a 12 month low of $3.95 and a 12 month high of $14.39.

Sanchez Energy Corporation (NYSE:SN) last released its earnings results 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 company had revenue of $175.70 million for the quarter, compared to analyst estimates of $178.97 million. During the same period in the previous year, the firm posted ($3.20) EPS. The business’s revenue for the quarter was up 58.3% compared to the same quarter last year. On average, equities research analysts anticipate that Sanchez Energy Corporation will post ($0.88) earnings per share for the current fiscal year.

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In other Sanchez Energy Corporation news, CAO Kirsten A. Hink sold 36,088 shares of Sanchez Energy Corporation stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $5.04, for a total transaction of $181,883.52. Following the completion of the sale, the chief accounting officer now owns 178,390 shares of the company’s stock, valued at approximately $899,085.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Howard J. Sr Thill, Sr. sold 16,499 shares of Sanchez Energy Corporation stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $4.27, for a total transaction of $70,450.73. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 742,000 shares of company stock valued at $3,379,220 and have sold 91,221 shares valued at $446,277. 14.70% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SN. Mackay Shields LLC boosted its position in shares of Sanchez Energy Corporation by 25.4% during the second quarter. Mackay Shields LLC now owns 16,611 shares of the energy producer’s stock worth $119,000 after purchasing an additional 3,362 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Sanchez Energy Corporation by 27.4% during the first quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock worth $165,000 after purchasing an additional 3,733 shares in the last quarter. Driehaus Capital Management LLC bought a new position in shares of Sanchez Energy Corporation during the first quarter worth $166,000. Capital Fund Management S.A. bought a new position in shares of Sanchez Energy Corporation during the second quarter worth $174,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Sanchez Energy Corporation by 6.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 25,400 shares of the energy producer’s stock worth $182,000 after purchasing an additional 1,650 shares in the last quarter. 70.09% of the stock is owned by hedge funds and other 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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