Sanchez Energy (NYSE:SN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday.

According to Zacks, “Sanchez Energy Corporation is an independent oil and gas exploration and development company focused on the exploration, acquisition and development of unconventional oil and natural gas resources, primarily in the Eagle Ford Shale in South Texas. Sanchez Energy Corporation is headquartered in Houston, Texas. “

A number of other analysts have also recently commented on the stock. Northland Securities set a $6.00 target price on shares of Sanchez Energy and gave the stock a “buy” rating in a research note on Monday, December 11th. Piper Jaffray Companies reiterated a “hold” rating and issued a $8.00 target price on shares of Sanchez Energy in a research note on Tuesday. BMO Capital Markets set a $5.00 target price on shares of Sanchez Energy and gave the stock a “hold” rating in a research note on Tuesday, November 14th. SunTrust Banks reiterated a “hold” rating and issued a $5.00 target price on shares of Sanchez Energy in a research note on Friday, October 20th. Finally, Stifel Nicolaus set a $5.00 target price on shares of Sanchez Energy and gave the stock a “hold” rating in a research note on Thursday, October 5th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.62.

Shares of Sanchez Energy (NYSE SN) opened at $5.99 on Friday. Sanchez Energy has a 1-year low of $3.58 and a 1-year high of $14.39. The firm has a market cap of $491.32, a PE ratio of 119.80 and a beta of 1.72. The company has a debt-to-equity ratio of -3.72, a current ratio of 0.88 and a quick ratio of 0.88.

In other Sanchez Energy news, VP Gregory B. Kopel sold 7,960 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $5.61, for a total transaction of $44,655.60. Following the completion of the transaction, the vice president now directly owns 109,488 shares of the company’s stock, valued at approximately $614,227.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Christopher Heinson sold 19,903 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $5.22, for a total transaction of $103,893.66. Following the transaction, the chief operating officer now directly owns 579,022 shares of the company’s stock, valued at $3,022,494.84. The disclosure for this sale can be found here. Insiders sold a total of 605,022 shares of company stock valued at $2,880,942 over the last quarter. 14.70% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its position in Sanchez Energy by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 50,374 shares of the energy producer’s stock worth $362,000 after buying an additional 231 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Sanchez Energy by 6.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 25,400 shares of the energy producer’s stock worth $182,000 after buying an additional 1,650 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Sanchez Energy by 1.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 301,467 shares of the energy producer’s stock worth $2,165,000 after buying an additional 3,725 shares during the last quarter. Voya Investment Management LLC raised its position in Sanchez Energy by 16.8% during the 2nd quarter. Voya Investment Management LLC now owns 33,214 shares of the energy producer’s stock worth $238,000 after buying an additional 4,770 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Sanchez Energy by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 294,800 shares of the energy producer’s stock worth $2,117,000 after buying an additional 6,400 shares during the last quarter. 59.05% of the stock is owned by institutional investors.

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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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