FY2018 EPS Estimates for Sanchez Energy Corporation Reduced by Capital One Financial Corporation (SN)
Sanchez Energy Corporation (NYSE:SN) – Research analysts at Capital One Financial Corporation lowered their FY2018 earnings per share estimates for Sanchez Energy Corporation in a note issued to investors on Monday. Capital One Financial Corporation analyst P. Johnston now forecasts that the energy producer will post earnings of $0.50 per share for the year, down from their previous estimate of $0.62. Capital One Financial Corporation currently has a “Underweight” rating on the stock.
Sanchez Energy Corporation (NYSE:SN) last posted its quarterly earnings results on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.18). The company had revenue of $175.70 million for the quarter, compared to analysts’ expectations of $178.97 million. Sanchez Energy Corporation’s quarterly revenue was up 58.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($3.20) earnings per share. ILLEGAL ACTIVITY WARNING: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/24/fy2018-eps-estimates-for-sanchez-energy-corporation-reduced-by-capital-one-financial-corporation-sn.html.
SN has been the subject of several other reports. Stifel Nicolaus set a $5.00 target price on Sanchez Energy Corporation and gave the stock a “hold” rating in a research report on Thursday, October 5th. Zacks Investment Research cut Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. J P Morgan Chase & Co assumed coverage on Sanchez Energy Corporation in a research report on Friday, September 15th. They issued a “neutral” rating for the company. ValuEngine cut Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $10.00 target price on shares of Sanchez Energy Corporation in a research report on Thursday, July 20th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $10.44.
Sanchez Energy Corporation (NYSE:SN) traded up 3.13% during mid-day trading on Tuesday, reaching $3.95. 1,693,580 shares of the company traded hands. Sanchez Energy Corporation has a 52-week low of $3.70 and a 52-week high of $14.39. The company’s market capitalization is $302.74 million. The stock has a 50 day moving average price of $4.50 and a 200-day moving average price of $5.97.
In related news, CAO Kirsten A. Hink sold 36,088 shares of Sanchez Energy Corporation stock in a transaction dated 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 of the company’s stock, valued at $899,085.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Patricio D. Sanchez purchased 320,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average cost of $4.55 per share, with a total value of $1,456,000.00. Following the completion of the acquisition, the insider now directly owns 473,485 shares of the company’s stock, valued at $2,154,356.75. The disclosure for this purchase can be found here. Over the last three months, 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 company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its holdings in shares of Sanchez Energy Corporation by 644.0% in the first quarter. Goldman Sachs Group Inc. now owns 668,025 shares of the energy producer’s stock valued at $6,373,000 after buying an additional 578,236 shares during the last quarter. Driehaus Capital Management LLC bought a new position in shares of Sanchez Energy Corporation in the first quarter valued at about $166,000. SG Americas Securities LLC raised its holdings in shares of Sanchez Energy Corporation by 485.9% in the second quarter. SG Americas Securities LLC now owns 180,093 shares of the energy producer’s stock valued at $1,293,000 after buying an additional 149,355 shares during the last quarter. Sanders Morris Harris LLC raised its holdings in shares of Sanchez Energy Corporation by 6.1% in the second quarter. Sanders Morris Harris LLC now owns 346,000 shares of the energy producer’s stock valued at $2,484,000 after buying an additional 20,000 shares during the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in shares of Sanchez Energy Corporation in the first quarter valued at about $265,000. 70.44% of the stock is owned by institutional investors and hedge funds.
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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