Zacks Investment Research Lowers Sanchez Energy (SN) to Hold

Sanchez Energy (NYSE:SN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

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. “

Several other brokerages have also issued reports on SN. Seaport Global Securities raised Sanchez Energy from a “sell” rating to a “neutral” rating and set a $4.50 target price for the company in a research note on Wednesday, October 4th. BMO Capital Markets set a $5.00 target price on Sanchez Energy and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $8.00 target price on shares of Sanchez Energy in a research note on Tuesday, January 9th. SunTrust Banks reaffirmed a “hold” rating and issued a $5.00 target price on shares of Sanchez Energy in a research note on Friday, October 20th. Finally, Northland Securities set a $6.00 target price on Sanchez Energy and gave the stock a “buy” rating in a research note on Monday, December 11th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Sanchez Energy currently has a consensus rating of “Hold” and a consensus price target of $8.58.

Shares of Sanchez Energy (NYSE:SN) traded down $0.26 on Friday, hitting $5.55. The stock had a trading volume of 3,942,500 shares, compared to its average volume of 3,243,025. Sanchez Energy has a 12-month low of $3.58 and a 12-month high of $14.39. The company has a market capitalization of $450.51, a PE ratio of 19.82 and a beta of 1.72. The company has a debt-to-equity ratio of -3.72, a quick ratio of 0.88 and a current ratio of 0.88.

Sanchez Energy (NYSE:SN) last posted its quarterly earnings data on Thursday, November 2nd. The energy producer reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.07. equities analysts expect that Sanchez Energy will post -0.99 earnings per share for the current year.

In related news, insider Eduardo Augusto Sanchez sold 250,337 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $4.66, for a total transaction of $1,166,570.42. Following the sale, the insider now directly owns 985,644 shares of the company’s stock, valued at $4,593,101.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Gregory B. Kopel sold 7,960 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $5.61, for a total value of $44,655.60. Following the sale, the vice president now directly owns 109,488 shares in the company, valued at $614,227.68. The disclosure for this sale can be found here. Insiders have sold 605,022 shares of company stock valued at $2,880,942 over the last 90 days. Corporate insiders own 14.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in SN. Schwab Charles Investment Management Inc. boosted its position 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 valued at $2,165,000 after buying an additional 3,725 shares during the last quarter. First Trust Advisors LP purchased a new position in Sanchez Energy in the second quarter worth about $715,000. Cambridge Investment Research Advisors Inc. boosted its position in Sanchez Energy by 6.9% in 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 last quarter. Franklin Resources Inc. boosted its position in Sanchez Energy by 74.0% in the second quarter. Franklin Resources Inc. now owns 54,942 shares of the energy producer’s stock worth $394,000 after purchasing an additional 23,366 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Sanchez Energy by 79.5% in the second quarter. Alliancebernstein L.P. now owns 117,575 shares of the energy producer’s stock worth $844,000 after purchasing an additional 52,085 shares during the last quarter. 59.05% of the stock is currently 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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