Sanchez Energy (SN) Sets New 12-Month Low After Insider Selling

Sanchez Energy Corp (NYSE:SN) hit a new 52-week low during trading on Thursday following insider selling activity. The company traded as low as $2.23 and last traded at $2.23, with a volume of 36829 shares traded. The stock had previously closed at $2.34.

Specifically, CFO Howard J. Sr Thill, Sr. sold 21,877 shares of the business’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 transaction of $53,817.42. Following the completion of the transaction, the chief financial officer now directly owns 348,373 shares in the company, valued at $856,997.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Kirsten A. Hink sold 8,486 shares of the business’s stock in a transaction that occurred on 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. Insiders own 14.70% of the company’s stock.

A number of research firms have weighed in on SN. SunTrust Banks set a $4.00 target price on Sanchez Energy and gave the stock a “hold” rating in a research report on Wednesday, August 8th. BMO Capital Markets restated a “hold” rating and issued a $4.00 target price on shares of Sanchez Energy in a research report on Monday, August 13th. Northland Securities restated a “hold” rating and issued a $3.00 target price 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 target price 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 assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $4.13.

The stock has a market capitalization of $204.60 million, a price-to-earnings ratio of -6.84 and a beta of 1.69. The company has a debt-to-equity ratio of -4.55, a current ratio of 1.12 and a quick ratio of 1.12.

Sanchez Energy (NYSE:SN) last released its earnings results 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 return on equity of 8.74% and a negative net margin of 15.50%. As a group, research analysts forecast that Sanchez Energy Corp will post -0.44 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of SN. Metropolitan Life Insurance Co. NY bought a new position in shares of Sanchez Energy in the second quarter valued at $127,000. MetLife Investment Advisors LLC bought a new position in shares of Sanchez Energy in the second quarter valued at $180,000. Dynamic Technology Lab Private Ltd increased its holdings in shares of Sanchez Energy by 196.1% in the first quarter. Dynamic Technology Lab Private Ltd now owns 68,913 shares of the energy producer’s stock valued at $215,000 after buying an additional 45,638 shares in the last quarter. Stonebridge Capital Management Inc. increased its holdings in shares of Sanchez Energy by 67.3% in the third quarter. Stonebridge Capital Management Inc. now owns 122,416 shares of the energy producer’s stock valued at $282,000 after buying an additional 49,231 shares in the last quarter. Finally, GFS Advisors LLC increased its holdings in shares of Sanchez Energy by 56.3% in the second quarter. GFS Advisors LLC now owns 125,000 shares of the energy producer’s stock valued at $565,000 after buying an additional 45,000 shares in the last quarter. 47.52% of the stock is currently owned by institutional investors.

About Sanchez Energy (NYSE:SN)

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.

Further Reading: Yield Curve

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