Sanchez Energy (SN) Downgraded by Royal Bank of Canada to Hold

Sanchez Energy (NYSE:SN) was downgraded by equities researchers at Royal Bank of Canada to a “hold” rating in a report released on Wednesday.

Several other equities research analysts also recently weighed in on SN. Capital One Financial reaffirmed an “underweight” rating on shares of Sanchez Energy in a research report on Tuesday. ValuEngine raised Sanchez Energy from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Stephens reaffirmed a “hold” rating and set a $4.00 price target on shares of Sanchez Energy in a research report on Tuesday, April 24th. Stifel Nicolaus set a $2.00 price target on Sanchez Energy and gave the stock a “hold” rating in a research report on Tuesday, April 24th. Finally, Johnson Rice downgraded Sanchez Energy from a “buy” rating to an “accumulate” rating in a research report on Tuesday, May 8th. Three research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. Sanchez Energy has an average rating of “Hold” and an average price target of $4.13.

NYSE SN opened at $3.31 on Wednesday. The company has a debt-to-equity ratio of -5.07, a quick ratio of 1.45 and a current ratio of 1.45. Sanchez Energy has a 1 year low of $2.78 and a 1 year high of $6.19. The firm has a market capitalization of $374.76 million, a P/E ratio of -10.34 and a beta of 1.82.

Sanchez Energy (NYSE:SN) last released its earnings results on Tuesday, August 7th. The energy producer reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.33). Sanchez Energy had a negative net margin of 7.54% and a negative return on equity of 13.00%. analysts expect that Sanchez Energy will post 0.28 earnings per share for the current fiscal year.

In other news, CAO Kirsten A. Hink sold 8,486 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $4.41, for a total transaction of $37,423.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan G. Jackson sold 10,017 shares of the stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $3.95, for a total transaction of $39,567.15. Following the sale, the director now directly owns 131,462 shares in the company, valued at $519,274.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,419 shares of company stock worth $457,294. Corporate insiders own 11.12% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its stake in shares of Sanchez Energy by 1,299.0% during the 1st quarter. Allianz Asset Management GmbH now owns 3,000,000 shares of the energy producer’s stock worth $9,390,000 after acquiring an additional 2,785,563 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Sanchez Energy by 13.0% during the 1st quarter. Wells Fargo & Company MN now owns 1,933,400 shares of the energy producer’s stock worth $6,052,000 after acquiring an additional 222,516 shares in the last quarter. New Generation Advisors LLC boosted its stake in shares of Sanchez Energy by 83.2% during the 1st quarter. New Generation Advisors LLC now owns 1,723,543 shares of the energy producer’s stock worth $5,395,000 after acquiring an additional 782,834 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Sanchez Energy by 28.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,360,230 shares of the energy producer’s stock valued at $4,258,000 after buying an additional 299,032 shares in the last quarter. Finally, Saba Capital Management L.P. purchased a new position in Sanchez Energy in the 1st quarter valued at about $2,033,000. 56.12% of the stock is currently owned by institutional investors and hedge funds.

Sanchez Energy Company Profile

Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition and development of U.S. onshore unconventional oil and natural gas resources. It engages in the horizontal development of resources from the Eagle Ford Shale in South Texas. It also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.

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Analyst Recommendations for Sanchez Energy (NYSE:SN)

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