Sanchez Energy Corporation (NYSE:SN) CEO Antonio R. Sanchez III purchased 100,000 shares of Sanchez Energy Corporation stock in a transaction on Wednesday, September 13th. The stock was bought at an average cost of $4.45 per share, with a total value of $445,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,494,783 shares in the company, valued at $6,651,784.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Sanchez Energy Corporation (NYSE:SN) opened at 4.47 on Friday. Sanchez Energy Corporation has a 52 week low of $3.96 and a 52 week high of $14.39. The firm’s market cap is $342.60 million. The stock has a 50 day moving average of $4.64 and a 200-day moving average of $7.04.
Sanchez Energy Corporation (NYSE:SN) last announced its earnings results on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.18). The firm had revenue of $175.70 million for the quarter, compared to the consensus estimate of $178.97 million. The business’s revenue for the quarter was up 58.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($3.20) earnings per share. Analysts expect that Sanchez Energy Corporation will post ($0.81) earnings per share for the current year.
Several institutional investors have recently made changes to their positions in SN. Virginia Retirement Systems ET AL bought a new stake in Sanchez Energy Corporation during the first quarter worth about $105,000. Mackay Shields LLC lifted its position in Sanchez Energy Corporation by 25.4% during the second quarter. Mackay Shields LLC now owns 16,611 shares of the energy producer’s stock worth $119,000 after purchasing an additional 3,362 shares during the period. ClariVest Asset Management LLC bought a new stake in Sanchez Energy Corporation during the first quarter worth about $120,000. Legal & General Group Plc lifted its position in Sanchez Energy Corporation by 27.4% during the first quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock worth $165,000 after purchasing an additional 3,733 shares during the period. Finally, Driehaus Capital Management LLC bought a new stake in Sanchez Energy Corporation during the first quarter worth about $166,000. 70.44% of the stock is owned by institutional investors.
SN has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $10.00 price target on shares of Sanchez Energy Corporation in a report on Thursday, July 20th. ValuEngine downgraded shares of Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Capital One Financial Corporation downgraded shares of Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 26th. Finally, Seaport Global Securities downgraded shares of Sanchez Energy Corporation from a “buy” rating to a “sell” rating and reduced their price target for the company from $15.00 to $5.00 in a report on Wednesday, June 21st. Five analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. Sanchez Energy Corporation has an average rating of “Hold” and a consensus target price of $12.63.
About Sanchez Energy Corporation
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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