Sanchez Energy Corporation (NYSE:SN) insider Patricio D. Sanchez acquired 320,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average cost of $4.55 per share, with a total value of $1,456,000.00. Following the purchase, the insider now directly owns 473,485 shares of the company’s stock, valued at approximately $2,154,356.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Sanchez Energy Corporation (NYSE SN) opened at 4.47 on Friday. The stock’s market capitalization is $342.60 million. Sanchez Energy Corporation has a 52-week low of $3.96 and a 52-week high of $14.39. The company has a 50-day moving average of $4.64 and a 200-day moving average of $7.04.
Sanchez Energy Corporation (NYSE:SN) last posted its earnings results on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.18). The business had revenue of $175.70 million for the quarter, compared to the consensus estimate of $178.97 million. Sanchez Energy Corporation’s revenue was up 58.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($3.20) EPS. Equities research analysts anticipate that Sanchez Energy Corporation will post ($0.81) EPS for the current year.
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A number of equities research analysts have weighed in on the company. Royal Bank Of Canada restated a “buy” rating and set a $10.00 price target on shares of Sanchez Energy Corporation in a research report on Thursday, July 20th. Zacks Investment Research upgraded Sanchez Energy Corporation from a “strong sell” rating to a “hold” rating in a report on Thursday, July 13th. BMO Capital Markets reissued a “hold” rating and issued a $5.00 target price on shares of Sanchez Energy Corporation in a research note on Tuesday, June 27th. J P Morgan Chase & Co initiated coverage on Sanchez Energy Corporation in a research note on Friday. They issued a “neutral” rating on the stock. Finally, Seaport Global Securities cut Sanchez Energy Corporation from a “buy” rating to a “sell” rating and cut their target price for the stock from $15.00 to $5.00 in a research note on Wednesday, June 21st. Five analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Sanchez Energy Corporation has a consensus rating of “Hold” and an average target price of $12.63.
A number of large investors have recently bought and sold shares of SN. Virginia Retirement Systems ET AL acquired a new position in Sanchez Energy Corporation in the 1st quarter valued at about $105,000. Mackay Shields LLC boosted its holdings in Sanchez Energy Corporation by 25.4% in the 2nd quarter. Mackay Shields LLC now owns 16,611 shares of the energy producer’s stock valued at $119,000 after purchasing an additional 3,362 shares during the last quarter. ClariVest Asset Management LLC acquired a new position in Sanchez Energy Corporation in the 1st quarter valued at about $120,000. Legal & General Group Plc boosted its holdings in Sanchez Energy Corporation by 27.4% in the 1st quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock valued at $165,000 after purchasing an additional 3,733 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in Sanchez Energy Corporation in the 1st quarter valued at about $166,000. Institutional investors own 70.44% of the company’s stock.
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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