Sanchez Energy Corporation (NYSE:SN) – Analysts at Capital One Financial Corporation decreased their Q3 2017 earnings per share estimates for Sanchez Energy Corporation in a research report issued on Monday. Capital One Financial Corporation analyst P. Johnston now expects that the energy producer will earn ($0.28) per share for the quarter, down from their prior forecast of ($0.08). Capital One Financial Corporation has a “Underweight” rating on the stock. Capital One Financial Corporation also issued estimates for Sanchez Energy Corporation’s Q4 2017 earnings at $0.02 EPS and FY2017 earnings at ($1.35) EPS.

Sanchez Energy Corporation (NYSE:SN) last posted its quarterly earnings data on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.18). The business had revenue of $175.70 million for the quarter, compared to analysts’ expectations of $178.97 million. The company’s quarterly revenue was up 58.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($3.20) EPS. TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/25/research-analysts-offer-predictions-for-sanchez-energy-corporations-q3-2017-earnings-sn.html.

SN has been the subject of a number of other research reports. Stifel Nicolaus set a $5.00 target price on shares of Sanchez Energy Corporation and gave the stock a “hold” rating in a report on Thursday, October 5th. Zacks Investment Research downgraded Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. J P Morgan Chase & Co initiated coverage on Sanchez Energy Corporation in a research note on Friday, September 15th. They issued a “neutral” rating for the company. ValuEngine downgraded Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Sanchez Energy Corporation in a research note on Thursday, July 20th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.44.

Shares of Sanchez Energy Corporation (NYSE SN) opened at 3.92 on Wednesday. The firm has a 50-day moving average of $4.48 and a 200 day moving average of $5.93. The firm’s market cap is $300.44 million. Sanchez Energy Corporation has a 52-week low of $3.70 and a 52-week high of $14.39.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Sanchez Energy Corporation by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 50,374 shares of the energy producer’s stock worth $362,000 after purchasing an additional 231 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Sanchez Energy Corporation by 6.9% in the 2nd 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. Stratos Wealth Partners LTD. lifted its holdings in shares of Sanchez Energy Corporation by 7.4% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 40,835 shares of the energy producer’s stock worth $293,000 after purchasing an additional 2,800 shares in the last quarter. Mackay Shields LLC lifted its holdings in shares of Sanchez Energy Corporation by 25.4% in the 2nd 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. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of Sanchez Energy Corporation by 7.7% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 46,930 shares of the energy producer’s stock worth $448,000 after purchasing an additional 3,368 shares in the last quarter. Institutional investors own 70.44% of the company’s stock.

In related news, VP Kirsten A. Hink sold 38,634 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $5.02, for a total value of $193,942.68. Following the transaction, the vice president now directly owns 178,390 shares in the company, valued at approximately $895,517.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Howard J. Sr Thill, Sr. sold 16,499 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $4.27, for a total value of $70,450.73. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 742,000 shares of company stock valued at $3,379,220 and have sold 91,221 shares valued at $446,277. Company insiders own 14.70% 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.

Earnings History and Estimates for Sanchez Energy Corporation (NYSE:SN)

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