Sanchez Energy Corp (NYSE:SN) VP Gregory B. Kopel sold 7,960 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $5.61, for a total value of $44,655.60. Following the transaction, the vice president now directly owns 109,488 shares of the company’s stock, valued at $614,227.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Sanchez Energy Corp (NYSE SN) traded down $0.34 during trading hours on Friday, reaching $5.36. The company’s stock had a trading volume of 3,021,330 shares, compared to its average volume of 2,955,850. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of -3.72. The company has a market capitalization of $461.45, a price-to-earnings ratio of 19.14 and a beta of 1.72. Sanchez Energy Corp has a 12-month low of $3.58 and a 12-month high of $14.39.
Several research analysts have recently weighed in on SN shares. Zacks Investment Research raised Sanchez Energy from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research report on Thursday, October 19th. JPMorgan Chase & Co. cut Sanchez Energy from a “neutral” rating to an “underweight” rating in a research report on Friday, December 15th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $6.00 price objective (down from $14.00) on shares of Sanchez Energy in a research report on Monday, September 18th. BMO Capital Markets set a $5.00 price objective on Sanchez Energy and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Finally, Stifel Nicolaus set a $5.00 price objective on Sanchez Energy and gave the stock a “hold” rating in a research report on Thursday, October 5th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Sanchez Energy presently has a consensus rating of “Hold” and an average target price of $9.46.
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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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