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.
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.
TRADEMARK VIOLATION NOTICE: “Sanchez Energy Corp (SN) Forecasted to Earn FY2017 Earnings of ($1.12) Per Share” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/01/22/sanchez-energy-corp-sn-forecasted-to-earn-fy2017-earnings-of-1-12-per-share.html.
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.
Receive News & Ratings for Sanchez Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanchez Energy and related companies with MarketBeat.com's FREE daily email newsletter.