Sanchez Energy (SN) Reaches New 52-Week Low at $0.23

Sanchez Energy Corp (NYSE:SN) shares hit a new 52-week low on Thursday . The stock traded as low as $0.23 and last traded at $0.43, with a volume of 165334 shares traded. The stock had previously closed at $0.71.

SN has been the topic of several analyst reports. SunTrust Banks set a $2.00 price target on shares of Sanchez Energy and gave the stock a “hold” rating in a research note on Tuesday, October 23rd. Stifel Nicolaus reiterated a “hold” rating and set a $0.90 price target on shares of Sanchez Energy in a research note on Monday, November 26th. Royal Bank of Canada reiterated a “hold” rating and set a $2.50 price target on shares of Sanchez Energy in a research note on Tuesday, November 6th. Zacks Investment Research cut shares of Sanchez Energy from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 1st. Finally, ValuEngine upgraded shares of Sanchez Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Three research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. Sanchez Energy has an average rating of “Hold” and a consensus target price of $3.05.

The company has a market cap of $35.85 million, a price-to-earnings ratio of -1.00 and a beta of 1.78.

Sanchez Energy (NYSE:SN) last released its earnings results on Thursday, November 1st. The energy producer reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.14). Sanchez Energy had a negative net margin of 9.24% and a negative return on equity of 8.96%. The firm had revenue of $277.71 million for the quarter, compared to analysts’ expectations of $255.06 million. During the same quarter last year, the firm posted $0.22 EPS. The firm’s quarterly revenue was up 50.3% compared to the same quarter last year. As a group, equities research analysts forecast that Sanchez Energy Corp will post -0.63 earnings per share for the current year.

In related news, CFO Howard J. Sr Thill, Sr. sold 21,877 shares of Sanchez Energy stock in a transaction on Monday, October 15th. The shares were sold at an average price of $2.46, for a total transaction of $53,817.42. Following the transaction, the chief financial officer now owns 348,373 shares in the company, valued at approximately $856,997.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 14.70% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY purchased a new position in shares of Sanchez Energy during the 2nd quarter valued at $127,000. BlackRock Inc. lifted 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 valued at $17,642,000 after buying an additional 99,271 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of Sanchez Energy during the 2nd quarter valued at $180,000. Congress Asset Management Co. MA lifted its stake in shares of Sanchez Energy by 12.0% during the 3rd quarter. Congress Asset Management Co. MA now owns 589,386 shares of the energy producer’s stock valued at $1,356,000 after buying an additional 63,220 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Sanchez Energy by 12.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 228,332 shares of the energy producer’s stock valued at $1,031,000 after buying an additional 24,649 shares in the last quarter. Institutional investors own 40.32% of the company’s stock.

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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.

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