Sanchez Energy Corp (SN) Expected to Post Quarterly Sales of $257.17 Million

Wall Street analysts expect Sanchez Energy Corp (NYSE:SN) to report $257.17 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Sanchez Energy’s earnings, with the lowest sales estimate coming in at $248.50 million and the highest estimate coming in at $265.00 million. Sanchez Energy posted sales of $245.98 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.5%. The business is expected to announce its next earnings report on Monday, February 25th.

According to Zacks, analysts expect that Sanchez Energy will report full year sales of $1.02 billion for the current fiscal year, with estimates ranging from $965.86 million to $1.05 billion. For the next year, analysts anticipate that the firm will report sales of $882.41 million, with estimates ranging from $789.00 million to $984.80 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Sanchez Energy.

SN has been the subject of several recent research reports. SunTrust Banks set a $1.00 target price on shares of Sanchez Energy and gave the stock a “hold” rating in a research report on Tuesday, November 27th. Stifel Nicolaus restated a “hold” rating and issued a $0.90 price objective on shares of Sanchez Energy in a research note on Monday, November 26th. Royal Bank of Canada restated a “hold” rating and issued a $2.50 price objective on shares of Sanchez Energy in a research note on Tuesday, November 6th. Finally, Zacks Investment Research upgraded shares of Sanchez Energy from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 26th. One equities research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average price target of $2.34.

Institutional investors have recently modified their holdings of the company. Benefit Street Partners LLC acquired a new position in Sanchez Energy during the 4th quarter valued at $148,000. Cambridge Investment Research Advisors Inc. raised its stake in Sanchez Energy by 1,725.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 358,277 shares of the energy producer’s stock valued at $97,000 after purchasing an additional 338,655 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Sanchez Energy by 8.9% in the 3rd quarter. Vanguard Group Inc now owns 3,939,138 shares of the energy producer’s stock valued at $9,060,000 after buying an additional 320,306 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Sanchez Energy by 8.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,939,138 shares of the energy producer’s stock valued at $9,060,000 after buying an additional 320,306 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Sanchez Energy by 28.5% in the 3rd quarter. Wells Fargo & Company MN now owns 543,515 shares of the energy producer’s stock valued at $1,251,000 after buying an additional 120,643 shares in the last quarter. Institutional investors and hedge funds own 39.88% of the company’s stock.

SN stock traded up $0.02 during trading hours on Wednesday, hitting $0.40. The company’s stock had a trading volume of 16,667 shares, compared to its average volume of 2,356,251. The company has a market capitalization of $33.73 million, a price-to-earnings ratio of -1.25 and a beta of 2.46. Sanchez Energy has a 12 month low of $0.22 and a 12 month high of $5.13.

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.

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