Brokerages Expect Sanchez Energy Corp (SN) Will Post Earnings of $0.15 Per Share

Wall Street brokerages expect Sanchez Energy Corp (NYSE:SN) to announce $0.15 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Sanchez Energy’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.04. Sanchez Energy posted earnings of $0.13 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 15.4%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that Sanchez Energy will report full year earnings of ($0.73) per share for the current year, with EPS estimates ranging from ($0.82) to ($0.61). For the next financial year, analysts expect that the business will report earnings of $1.06 per share, with EPS estimates ranging from $0.11 to $1.69. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Sanchez Energy.

A number of research firms have weighed in on SN. Zacks Investment Research downgraded Sanchez Energy from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $8.00 price target on shares of Sanchez Energy in a research report on Tuesday, January 9th. ValuEngine downgraded Sanchez Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Northland Securities set a $6.00 price target on Sanchez Energy and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, JPMorgan Chase & Co. downgraded Sanchez Energy from a “neutral” rating to an “underweight” rating in a report on Friday, December 15th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Sanchez Energy currently has an average rating of “Hold” and an average price target of $7.77.

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

Institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC lifted its holdings in Sanchez Energy by 180.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 21,841 shares of the energy producer’s stock valued at $105,000 after purchasing an additional 14,044 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Sanchez Energy during the 4th quarter valued at $131,000. Kalos Management Inc. acquired a new stake in Sanchez Energy during the 3rd quarter valued at $138,000. IFP Advisors Inc lifted its holdings in Sanchez Energy by 71.9% during the 4th quarter. IFP Advisors Inc now owns 26,350 shares of the energy producer’s stock valued at $140,000 after purchasing an additional 11,025 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in Sanchez Energy during the 4th quarter valued at $234,000. 59.37% of the stock is owned by institutional investors and hedge funds.

Sanchez Energy (NYSE:SN) traded up $0.07 during trading hours on Monday, reaching $3.90. The company’s stock had a trading volume of 814,801 shares, compared to its average volume of 3,327,312. Sanchez Energy has a 52-week low of $3.58 and a 52-week high of $12.83. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of -3.72. The firm has a market cap of $321.72, a P/E ratio of 77.20 and a beta of 1.54.

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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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