Insider Selling: Sanchez Energy Corp (SN) VP Sells 7,960 Shares of Stock

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.

A number of large investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. raised its stake in Sanchez Energy by 0.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 50,374 shares of the energy producer’s stock valued at $362,000 after buying an additional 231 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Sanchez Energy by 6.9% during the second 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 during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Sanchez Energy by 1.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 301,467 shares of the energy producer’s stock worth $2,165,000 after purchasing an additional 3,725 shares during the period. Voya Investment Management LLC increased its stake in shares of Sanchez Energy by 16.8% during the second quarter. Voya Investment Management LLC now owns 33,214 shares of the energy producer’s stock worth $238,000 after purchasing an additional 4,770 shares during the period. Finally, California Public Employees Retirement System increased its stake in shares of Sanchez Energy by 2.2% during the second quarter. California Public Employees Retirement System now owns 294,800 shares of the energy producer’s stock worth $2,117,000 after purchasing an additional 6,400 shares during the period. 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.

Insider Buying and Selling by Quarter for Sanchez Energy (NYSE:SN)

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