Sanchez Energy Corp (NYSE:SN) – Equities research analysts at SunTrust Banks boosted their FY2017 earnings estimates for Sanchez Energy in a note issued to investors on Tuesday. SunTrust Banks analyst N. Dingmann now anticipates that the energy producer will post earnings of ($1.06) per share for the year, up from their prior forecast of ($1.13). SunTrust Banks has a “Hold” rating and a $5.00 price target on the stock. SunTrust Banks also issued estimates for Sanchez Energy’s Q4 2017 earnings at $0.15 EPS, FY2018 earnings at $0.81 EPS, FY2019 earnings at $0.83 EPS and FY2020 earnings at $1.01 EPS.

Several other brokerages also recently issued reports on SN. Zacks Investment Research raised shares of Sanchez Energy from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Wednesday, December 27th. Stifel Nicolaus set a $5.00 price objective on shares of Sanchez Energy and gave the company a “hold” rating in a research report on Thursday, October 5th. Northland Securities set a $6.00 price objective on shares of Sanchez Energy and gave the company a “buy” rating in a research report on Monday, December 11th. Seaport Global Securities raised shares of Sanchez Energy from a “sell” rating to a “neutral” rating and set a $4.50 price target for the company in a research report on Wednesday, October 4th. Finally, JPMorgan Chase & Co. started coverage on shares of Sanchez Energy in a research report on Friday, September 15th. They set a “neutral” rating for the company. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Sanchez Energy presently has an average rating of “Hold” and a consensus target price of $9.46.

Shares of Sanchez Energy (NYSE SN) opened at $5.65 on Thursday. The company has a debt-to-equity ratio of -3.72, a current ratio of 0.88 and a quick ratio of 0.88. Sanchez Energy has a 1 year low of $3.58 and a 1 year high of $14.39. The stock has a market cap of $475.33, a P/E ratio of 20.18 and a beta of 1.72.

In related news, insider Eduardo Augusto Sanchez sold 250,337 shares of the firm’s stock in a transaction on Thursday, December 13th. The stock was sold at an average price of $4.66, for a total transaction of $1,166,570.42. Following the transaction, the insider now directly owns 985,644 shares in the company, valued at $4,593,101.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Howard J. Sr Thill, Sr. sold 16,499 shares of the firm’s 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. Insiders have sold 517,173 shares of company stock valued at $2,403,592 in the last three months. Corporate insiders own 14.70% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in Sanchez Energy by 44.9% during the third quarter. JPMorgan Chase & Co. now owns 1,789,224 shares of the energy producer’s stock worth $8,804,000 after purchasing an additional 554,240 shares during the last quarter. Baker Avenue Asset Management LP lifted its stake in Sanchez Energy by 41.1% during the second quarter. Baker Avenue Asset Management LP now owns 160,856 shares of the energy producer’s stock worth $1,155,000 after purchasing an additional 46,841 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in Sanchez Energy during the second quarter worth $32,388,000. Nomura Holdings Inc. bought a new position in Sanchez Energy during the second quarter worth $359,000. Finally, Northern Trust Corp lifted its stake in Sanchez Energy by 13.9% during the second quarter. Northern Trust Corp now owns 893,791 shares of the energy producer’s stock worth $6,417,000 after purchasing an additional 109,054 shares during the last quarter. Hedge funds and other institutional investors own 59.05% of the company’s stock.

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Sanchez Energy 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.

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