Sanchez Energy Corporation (NYSE:SN) issued its quarterly earnings results on Friday. The energy producer reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.16, reports. The business had revenue of $184.80 million during the quarter, compared to analyst estimates of $175.79 million. During the same quarter in the previous year, the firm posted ($1.19) earnings per share. The firm’s quarterly revenue was up 61.0% on a year-over-year basis.

Shares of Sanchez Energy Corporation (NYSE SN) traded up $0.01 during mid-day trading on Friday, hitting $4.61. 5,034,767 shares of the company traded hands, compared to its average volume of 3,141,339.

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $10.00 price target on shares of Sanchez Energy Corporation in a research note on Thursday, July 20th. Zacks Investment Research lowered shares of Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Capital One Financial Corporation lowered shares of Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 26th. BidaskClub lowered shares of Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus set a $5.00 price target on shares of Sanchez Energy Corporation and gave the company a “hold” rating in a research note on Thursday, October 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $10.44.

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In related news, insider Patricio D. Sanchez bought 320,000 shares of Sanchez Energy Corporation stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average price of $4.55 per share, with a total value of $1,456,000.00. Following the acquisition, the insider now owns 473,485 shares of the company’s stock, valued at approximately $2,154,356.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Eduardo Augusto Sanchez bought 100,000 shares of Sanchez Energy Corporation stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average cost of $4.77 per share, with a total value of $477,000.00. Following the acquisition, the president now directly owns 1,235,981 shares in the company, valued at approximately $5,895,629.37. The disclosure for this purchase can be found here. Insiders have purchased a total of 742,000 shares of company stock valued at $3,379,220 in the last ninety days. 14.70% of the stock is currently owned by insiders.

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 for Sanchez Energy Corporation (NYSE:SN)

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