Sanchez Energy Corp. (NYSE:SN) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a $8.75 price target on the stock. Zacks Investment Research’s target price indicates a potential upside of 12.90% from the stock’s previous close.

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 equities analysts also recently commented on the stock. FBR & Co reaffirmed an “outperform” rating and issued a $10.00 price objective (down previously from $12.00) on shares of Sanchez Energy Corp. in a report on Tuesday, November 8th. Credit Suisse Group AG downgraded shares of Sanchez Energy Corp. from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $10.00 to $8.00 in a report on Thursday, October 13th. KLR Group downgraded shares of Sanchez Energy Corp. from a “buy” rating to an “accumulate” rating and set a $10.00 price target for the company. in a 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 target for the company. in a report on Thursday, August 18th. Finally, National Securities boosted their price target on shares of Sanchez Energy Corp. from $9.00 to $11.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Sanchez Energy Corp. presently has an average rating of “Hold” and an average target price of $7.70.

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

Shares of Sanchez Energy Corp. (NYSE:SN) opened at 7.75 on Wednesday. The company has a 50-day moving average of $7.27 and a 200-day moving average of $7.68. The firm’s market capitalization is $459.00 million. Sanchez Energy Corp. has a 52 week low of $2.06 and a 52 week high of $9.83.

Sanchez Energy Corp. (NYSE:SN) last released its quarterly earnings data on Monday, November 7th. The company reported ($1.19) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $1.22. The business had revenue of $114.81 million for the quarter, compared to analysts’ expectations of $133.94 million. Sanchez Energy Corp.’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted ($7.33) earnings per share. On average, equities analysts forecast that Sanchez Energy Corp. will post ($0.24) earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of SN. Vanguard Group Inc. increased its stake in Sanchez Energy Corp. by 28.0% in the second quarter. Vanguard Group Inc. now owns 4,401,736 shares of the company’s stock valued at $31,076,000 after buying an additional 961,712 shares during the last quarter. State Street Corp increased its stake in Sanchez Energy Corp. by 223.8% in the second quarter. State Street Corp now owns 3,104,251 shares of the company’s stock valued at $21,919,000 after buying an additional 2,145,465 shares during the last quarter. Allianz Asset Management AG increased its stake in Sanchez Energy Corp. by 6.7% in the second quarter. Allianz Asset Management AG now owns 1,752,600 shares of the company’s stock valued at $12,374,000 after buying an additional 110,415 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Sanchez Energy Corp. by 2.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,455,431 shares of the company’s stock valued at $12,866,000 after buying an additional 32,348 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in Sanchez Energy Corp. by 0.5% in the third quarter. BlackRock Fund Advisors now owns 1,307,976 shares of the company’s stock valued at $11,563,000 after buying an additional 6,731 shares during the last quarter. Hedge funds and other institutional investors own 57.01% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Sanchez Energy Corp. (SN) Lifted to “Buy” at Zacks Investment Research” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another domain, it was stolen and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2016/11/23/sanchez-energy-corp-sn-lifted-to-buy-at-zacks-investment-research.html.

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

Receive News & Stock Ratings for Sanchez Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanchez Energy Corp. and related stocks with our FREE daily email newsletter.