Zacks Investment Research downgraded shares of Sanchez Energy Corp. (NYSE:SN) from a hold rating to a sell rating in a research note published on Tuesday.

According to Zacks, “Sanchez Energy Corporation is an independent oil and gas exploration and development company focused on the exploration, acquisition and development of unconventional oil and natural gas resources, primarily in the Eagle Ford Shale in South Texas. Sanchez Energy Corporation is headquartered in Houston, Texas. “

A number of other research firms also recently weighed in on SN. KLR Group downgraded shares of Sanchez Energy Corp. from a buy rating to an accumulate rating and set a $10.00 target price for the company. in a research report on Friday, August 19th. Vetr downgraded shares of Sanchez Energy Corp. from a buy rating to a hold rating and set a $9.00 price objective for the company. in a report on Thursday, August 18th. National Securities raised their price objective on shares of Sanchez Energy Corp. from $9.00 to $11.00 and gave the stock a buy rating in a report on Tuesday, August 9th. Piper Jaffray Cos. reaffirmed a neutral rating and issued a $8.00 price objective on shares of Sanchez Energy Corp. in a report on Thursday, July 7th. Finally, FBR & Co reaffirmed a buy rating on shares of Sanchez Energy Corp. in a report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $8.03.

Analyst Recommendations for Sanchez Energy Corp. (NYSE:SN)

Shares of Sanchez Energy Corp. (NYSE:SN) opened at 8.00 on Tuesday. Sanchez Energy Corp. has a 52 week low of $2.06 and a 52 week high of $9.83. The firm’s market cap is $468.54 million. The company’s 50-day moving average price is $8.59 and its 200 day moving average price is $7.68.

Sanchez Energy Corp. (NYSE:SN) last released its earnings results on Monday, August 8th. The company reported ($3.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $3.11. The firm had revenue of $111 million for the quarter, compared to analysts’ expectations of $121.61 million. During the same period in the prior year, the company earned ($0.43) earnings per share. On average, equities analysts anticipate that Sanchez Energy Corp. will post ($0.23) earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of SN. Societe Generale acquired a new position in shares of Sanchez Energy Corp. during the second quarter worth about $101,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Sanchez Energy Corp. by 8.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 24,650 shares of the company’s stock worth $174,000 after buying an additional 1,900 shares during the period. Quantbot Technologies LP boosted its position in shares of Sanchez Energy Corp. by 317.2% in the second quarter. Quantbot Technologies LP now owns 27,097 shares of the company’s stock worth $191,000 after buying an additional 20,602 shares during the period. Highbridge Capital Management LLC purchased a new position in shares of Sanchez Energy Corp. during the second quarter valued at about $191,000. Finally, Jane Street Group LLC boosted its position in shares of Sanchez Energy Corp. by 133.0% in the second quarter. Jane Street Group LLC now owns 30,527 shares of the company’s stock valued at $215,000 after buying an additional 17,428 shares during the period. 58.86% of the stock is owned by institutional investors.

About Sanchez Energy Corp.

Sanchez Energy Corporation is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the onshore United States Gulf Coast. The Company focuses on the Eagle Ford Shale in South Texas and the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.

5 Day Chart for NYSE:SN

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