Zacks: Analysts Anticipate Sanchez Energy Corp (SN) Will Post Quarterly Sales of $231.18 Million

Wall Street brokerages expect that Sanchez Energy Corp (NYSE:SN) will report sales of $231.18 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Sanchez Energy’s earnings. The highest sales estimate is $236.00 million and the lowest is $217.00 million. Sanchez Energy reported sales of $125.74 million during the same quarter last year, which indicates a positive year-over-year growth rate of 83.9%. The firm is expected to report its next earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Sanchez Energy will report full-year sales of $231.18 million for the current year, with estimates ranging from $712.00 million to $731.51 million. For the next fiscal year, analysts anticipate that the company will post sales of $1.02 billion per share, with estimates ranging from $982.00 million to $1.10 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Sanchez Energy.

A number of equities analysts recently issued reports on SN shares. Zacks Investment Research upgraded Sanchez Energy from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a report on Thursday, October 19th. Northland Securities set a $6.00 target price on Sanchez Energy and gave the stock a “buy” rating in a report on Monday, December 11th. BMO Capital Markets set a $5.00 target price on Sanchez Energy and gave the stock a “hold” rating in a report on Tuesday, November 14th. Piper Jaffray Companies reiterated a “hold” rating and set a $6.00 price target on shares of Sanchez Energy in a report on Sunday, October 22nd. Finally, SunTrust Banks reiterated a “hold” rating and set a $5.00 price target on shares of Sanchez Energy in a report on Friday, October 20th. Four 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. The stock has a consensus rating of “Hold” and a consensus price target of $7.77.

In other Sanchez Energy news, VP Gregory B. Kopel sold 7,960 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $5.61, for a total value 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 $614,227.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eduardo Augusto Sanchez sold 250,337 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $4.66, for a total value of $1,166,570.42. Following the completion of 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. Insiders sold 605,022 shares of company stock worth $2,880,942 in the last 90 days. Corporate insiders own 14.70% of the company’s stock.

Several large investors have recently made changes to their positions in the business. State Street Corp lifted its position in shares of Sanchez Energy by 50.0% during the 2nd quarter. State Street Corp now owns 7,343,314 shares of the energy producer’s stock worth $52,727,000 after purchasing an additional 2,446,795 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Sanchez Energy by 52.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,710,884 shares of the energy producer’s stock worth $9,085,000 after purchasing an additional 586,756 shares during the last quarter. Penn Capital Management Co. Inc. lifted its position in shares of Sanchez Energy by 81.0% during the 4th quarter. Penn Capital Management Co. Inc. now owns 1,280,826 shares of the energy producer’s stock worth $6,811,000 after purchasing an additional 573,043 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Sanchez Energy by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 12,127,552 shares of the energy producer’s stock worth $87,076,000 after purchasing an additional 569,664 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Sanchez Energy by 44.9% during the 3rd 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 last quarter. 59.37% of the stock is owned by institutional investors.

Sanchez Energy (NYSE:SN) opened at $3.68 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of -3.72. The stock has a market capitalization of $309.60, a price-to-earnings ratio of 13.14 and a beta of 1.54. Sanchez Energy has a 1-year low of $3.58 and a 1-year high of $12.69.

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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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