Sanchez Energy Corp (SN) Given Average Rating of “Hold” by Analysts

Sanchez Energy Corp (NYSE:SN) has received a consensus rating of “Hold” from the thirteen analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $3.86.

A number of research analysts have recently weighed in on SN shares. SunTrust Banks set a $4.00 price objective on Sanchez Energy and gave the company a “hold” rating in a report on Wednesday, August 8th. Piper Jaffray Companies restated a “hold” rating and issued a $3.00 target price on shares of Sanchez Energy in a research note on Thursday, August 30th. ValuEngine upgraded Sanchez Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. BMO Capital Markets restated a “hold” rating and issued a $4.00 target price on shares of Sanchez Energy in a research note on Monday, August 13th. Finally, Northland Securities restated a “hold” rating and issued a $3.00 target price on shares of Sanchez Energy in a research note on Thursday, August 9th.

Shares of SN stock traded up $0.02 during mid-day trading on Friday, reaching $2.23. The stock had a trading volume of 1,771,100 shares, compared to its average volume of 3,308,843. The company has a debt-to-equity ratio of -4.55, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $204.60 million, a PE ratio of -6.84 and a beta of 1.69. Sanchez Energy has a 1-year low of $2.17 and a 1-year high of $6.19.

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

In other news, CFO Howard J. Sr Thill, Sr. sold 21,877 shares of the company’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $2.46, for a total value of $53,817.42. Following the sale, the chief financial officer now owns 348,373 shares in the company, valued at $856,997.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Kirsten A. Hink sold 8,486 shares of the company’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $4.41, for a total value of $37,423.26. The disclosure for this sale can be found here. 14.70% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of SN. BlackRock Inc. boosted its position in Sanchez Energy by 2.6% during the second 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 boosted its position in Sanchez Energy by 1,299.0% during the first 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 boosted its position in Sanchez Energy by 13.0% during the first 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. boosted its position in Sanchez Energy by 28.2% during the first 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 boosted its position in Sanchez Energy by 6.1% during the second 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. Hedge funds and other institutional investors own 47.52% of the company’s stock.

About Sanchez Energy

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.

Read More: Discover Your Risk Tolerance

Analyst Recommendations for Sanchez Energy (NYSE:SN)

Receive News & Ratings for Sanchez Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanchez Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply