Insider Selling: Sanchez Energy Corp (SN) CFO Sells $53,817.42 in Stock

Sanchez Energy Corp (NYSE:SN) CFO Howard J. Sr Thill, Sr. sold 21,877 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $2.46, for a total value of $53,817.42. Following the transaction, the chief financial officer now directly owns 348,373 shares of the company’s stock, valued at approximately $856,997.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

NYSE:SN opened at $2.23 on Friday. Sanchez Energy Corp has a twelve month low of $2.17 and a twelve month high of $6.19. The company has a debt-to-equity ratio of -4.55, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $204.60 million, a price-to-earnings ratio of -6.84 and a beta of 1.69.

Sanchez Energy (NYSE:SN) last announced its quarterly earnings data on Tuesday, August 7th. The energy producer reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.33). Sanchez Energy had a negative return on equity of 8.74% and a negative net margin of 15.50%. The company had revenue of $259.31 million for the quarter, compared to the consensus estimate of $252.49 million. On average, sell-side analysts forecast that Sanchez Energy Corp will post -0.44 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Sanchez Energy by 2.6% during the 2nd quarter. BlackRock Inc. now owns 3,903,130 shares of the energy producer’s stock worth $17,642,000 after purchasing an additional 99,271 shares in the last quarter. Allianz Asset Management GmbH raised 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 purchasing an additional 2,785,563 shares in the last quarter. Wells Fargo & Company MN raised 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 purchasing an additional 222,516 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Sanchez Energy by 28.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,360,230 shares of the energy producer’s stock worth $4,258,000 after purchasing an additional 299,032 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Sanchez Energy by 6.1% during the 2nd quarter. Northern Trust Corp now owns 921,311 shares of the energy producer’s stock worth $4,165,000 after purchasing an additional 52,905 shares in the last quarter. Institutional investors own 47.52% of the company’s stock.

A number of equities analysts have weighed in on the company. SunTrust Banks set a $4.00 price target on Sanchez Energy and gave the stock a “hold” rating in a research report on Wednesday, August 8th. BMO Capital Markets reaffirmed a “hold” rating and set a $4.00 price target on shares of Sanchez Energy in a research report on Monday, August 13th. Northland Securities reaffirmed a “hold” rating and set a $3.00 price target on shares of Sanchez Energy in a research report on Thursday, August 9th. Royal Bank of Canada downgraded Sanchez Energy from an “outperform” rating to a “sector perform” rating and set a $7.00 price target for the company. in a research report on Wednesday, August 8th. Finally, ValuEngine downgraded Sanchez Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 10th. Two analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. Sanchez Energy has an average rating of “Hold” and a consensus price target of $4.13.

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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Insider Buying and Selling by Quarter for Sanchez Energy (NYSE:SN)

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