An issue of Sanchez Energy Corporation (NYSE:SN) debt rose 1.9% as a percentage of its face value during trading on Friday. The high-yield debt issue has a 6.125% coupon and will mature on January 15, 2023. The debt is now trading at $83.69 and was trading at $79.50 one week ago. Price moves in a company’s debt in credit markets often anticipate parallel moves in its share price.

SN has been the subject of several recent analyst reports. KLR Group reiterated a “buy” rating and issued a $10.00 target price (down previously from $12.00) on shares of Sanchez Energy Corporation in a research note on Wednesday, May 17th. Zacks Investment Research lowered shares of Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, April 14th. Royal Bank Of Canada set a $14.00 target price on shares of Sanchez Energy Corporation and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $9.00 target price (down previously from $11.00) on shares of Sanchez Energy Corporation in a research note on Thursday, April 27th. Finally, Capital One Financial Corporation lowered shares of Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 26th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.35.

Shares of Sanchez Energy Corporation (SN) opened at 4.47 on Wednesday. The firm’s 50-day moving average is $6.35 and its 200 day moving average is $8.73. The stock’s market capitalization is $339.41 million. Sanchez Energy Corporation has a 12-month low of $4.43 and a 12-month high of $14.39.

Sanchez Energy Corporation (NYSE:SN) last issued its quarterly earnings data on Tuesday, May 9th. The energy producer reported ($1.05) EPS for the quarter, missing the consensus estimate of ($0.21) by $0.84. The business had revenue of $133.80 million during the quarter, compared to the consensus estimate of $128.68 million. The company’s revenue for the quarter was up 67.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.30) earnings per share. On average, equities research analysts forecast that Sanchez Energy Corporation will post ($0.48) EPS for the current fiscal year.

In other news, Director Greg Colvin bought 20,000 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were acquired at an average price of $6.75 per share, for a total transaction of $135,000.00. Following the completion of the transaction, the director now directly owns 92,151 shares in the company, valued at approximately $622,019.25. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas Brian Carney sold 10,204 shares of Sanchez Energy Corporation stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $6.19, for a total value of $63,162.76. Following the transaction, the director now owns 68,423 shares in the company, valued at approximately $423,538.37. The disclosure for this sale can be found here. In the last 90 days, insiders sold 84,926 shares of company stock worth $438,989. Company insiders own 14.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Sanchez Energy Corporation by 88.0% in the first quarter. Vanguard Group Inc. now owns 11,557,888 shares of the energy producer’s stock worth $110,263,000 after buying an additional 5,408,805 shares during the last quarter. State Street Corp increased its position in shares of Sanchez Energy Corporation by 45.8% in the first quarter. State Street Corp now owns 4,896,519 shares of the energy producer’s stock worth $46,716,000 after buying an additional 1,539,043 shares during the last quarter. Blackstone Group L.P. bought a new position in shares of Sanchez Energy Corporation during the first quarter worth approximately $18,651,000. Renaissance Technologies LLC increased its position in shares of Sanchez Energy Corporation by 3.7% in the first quarter. Renaissance Technologies LLC now owns 1,765,598 shares of the energy producer’s stock worth $16,844,000 after buying an additional 62,398 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Sanchez Energy Corporation by 64.0% in the first quarter. Wells Fargo & Company MN now owns 1,312,670 shares of the energy producer’s stock worth $12,523,000 after buying an additional 512,255 shares during the last quarter. Hedge funds and other institutional investors own 76.19% of the company’s stock.

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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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