Sanchez Energy Corp (SN) Forecasted to Earn FY2017 Earnings of ($1.12) Per Share

Sanchez Energy Corp (NYSE:SN) – Stock analysts at Capital One Financial increased their FY2017 earnings per share (EPS) estimates for shares of Sanchez Energy in a research note issued to investors on Thursday. Capital One Financial analyst P. Johnston now forecasts that the energy producer will post earnings per share of ($1.12) for the year, up from their previous estimate of ($1.20). Capital One Financial also issued estimates for Sanchez Energy’s Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.54 EPS, Q4 2018 earnings at $0.56 EPS and FY2018 earnings at $2.04 EPS.

Sanchez Energy (NYSE:SN) last announced its quarterly earnings results on Thursday, November 2nd. The energy producer reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.07.

Several other equities analysts have also issued reports on SN. 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 report on Wednesday, October 4th. 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. 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, October 10th. Zacks Investment Research raised shares of Sanchez Energy from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a research note on Thursday, October 19th. Finally, 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. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Sanchez Energy has an average rating of “Hold” and a consensus target price of $8.58.

Sanchez Energy (NYSE SN) opened at $5.46 on Monday. Sanchez Energy has a fifty-two week low of $3.58 and a fifty-two week high of $14.39. The stock has a market cap of $459.35, a price-to-earnings ratio of 19.50 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 news, insider Eduardo Augusto Sanchez sold 250,337 shares of the stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of $4.66, for a total transaction of $1,166,570.42. Following the completion of the transaction, the insider now directly owns 985,644 shares in the company, valued at approximately $4,593,101.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Gregory B. Kopel sold 7,960 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $5.61, for a total transaction of $44,655.60. Following the transaction, the vice president now owns 109,488 shares of the company’s stock, valued at $614,227.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 605,022 shares of company stock valued at $2,880,942. Company insiders own 14.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of 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 period. Baker Avenue Asset Management LP increased its holdings in shares of 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 period. Nomura Holdings Inc. bought a new position in shares of Sanchez Energy during the second quarter worth approximately $359,000. Northern Trust Corp increased its holdings in shares of 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 period. Finally, Benefit Street Partners LLC bought a new position in shares of Sanchez Energy during the second quarter worth approximately $629,000. Institutional investors own 59.05% of the company’s stock.

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About Sanchez Energy

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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