Sanchez Energy Corp (NYSE:SN) – Investment analysts at Capital One Financial increased their Q4 2017 EPS estimates for shares of Sanchez Energy in a research note issued on Tuesday. Capital One Financial analyst P. Johnston now expects that the energy producer will post earnings of $0.10 per share for the quarter, up from their prior forecast of $0.02. Capital One Financial also issued estimates for Sanchez Energy’s Q1 2018 earnings at $0.21 EPS and FY2018 earnings at $1.63 EPS.
Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Sanchez Energy from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. 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 report on Thursday, October 19th. Piper Jaffray Companies reissued a “hold” rating and set a $8.00 target price on shares of Sanchez Energy in a report on Tuesday, January 9th. Northland Securities set a $6.00 target price on shares of Sanchez Energy and gave the stock a “buy” rating in a report on Monday, December 11th. Finally, BMO Capital Markets set a $5.00 target price on shares of Sanchez Energy and gave the stock a “hold” rating in a report on Tuesday, November 14th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $7.77.
In other Sanchez Energy news, insider Eduardo Augusto Sanchez sold 250,337 shares of Sanchez Energy stock in a transaction on Thursday, December 13th. The shares were sold at an average price of $4.66, for a total value of $1,166,570.42. Following the completion of the transaction, the insider now owns 985,644 shares of the company’s stock, valued at $4,593,101.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gregory B. Kopel sold 7,960 shares of Sanchez Energy stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 605,022 shares of company stock valued at $2,880,942 in the last ninety days. 14.70% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Oppenheimer & Co. Inc. grew its position in shares of Sanchez Energy by 55.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 162,600 shares of the energy producer’s stock valued at $863,000 after purchasing an additional 58,290 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Sanchez Energy in the fourth quarter valued at about $131,000. Cpwm LLC grew its position in shares of Sanchez Energy by 70.5% in the fourth quarter. Cpwm LLC now owns 310,865 shares of the energy producer’s stock valued at $1,651,000 after purchasing an additional 128,509 shares during the period. Kovack Advisors Inc. acquired a new stake in shares of Sanchez Energy in the fourth quarter valued at about $255,000. Finally, Victory Capital Management Inc. grew its position in shares of Sanchez Energy by 46.5% in the fourth quarter. Victory Capital Management Inc. now owns 269,832 shares of the energy producer’s stock valued at $1,433,000 after purchasing an additional 85,632 shares during the period. Institutional investors and hedge funds own 58.77% of the company’s stock.
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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