Shares of Sanchez Energy Corporation (NYSE:SN) have earned an average recommendation of “Hold” from the fifteen analysts that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $12.86.

A number of research firms have recently weighed in on SN. Zacks Investment Research lowered shares of Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Capital One Financial Corporation lowered shares of Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 26th. Seaport Global Securities lowered shares of Sanchez Energy Corporation from a “buy” rating to a “sell” rating and cut their price objective for the company from $15.00 to $5.00 in a research report on Wednesday, June 21st. ValuEngine lowered shares of Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $10.00 price objective on shares of Sanchez Energy Corporation in a research report on Thursday, July 20th.

Shares of Sanchez Energy Corporation (SN) opened at 4.60 on Thursday. The firm’s market cap is $352.56 million. The firm has a 50-day moving average of $4.98 and a 200-day moving average of $7.33. Sanchez Energy Corporation has a 12-month low of $3.96 and a 12-month high of $14.39.

Sanchez Energy Corporation (NYSE:SN) last announced its quarterly earnings results on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.18. The business had revenue of $175.70 million for the quarter, compared to the consensus estimate of $178.97 million. During the same quarter in the previous year, the business earned ($3.20) earnings per share. Sanchez Energy Corporation’s quarterly revenue was up 58.3% on a year-over-year basis. On average, equities analysts forecast that Sanchez Energy Corporation will post ($0.81) earnings per share for the current fiscal year.

In related news, VP Kirsten A. Hink sold 38,634 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $5.02, for a total transaction of $193,942.68. Following the completion of the transaction, the vice president now owns 178,390 shares of the company’s stock, valued at $895,517.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Kirsten A. Hink sold 36,088 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $5.04, for a total transaction of $181,883.52. Following the transaction, the chief accounting officer now directly owns 178,390 shares of the company’s stock, valued at approximately $899,085.60. The disclosure for this sale can be found here. Corporate insiders own 14.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of SN. Teachers Advisors LLC increased its position in Sanchez Energy Corporation by 2.9% during the fourth quarter. Teachers Advisors LLC now owns 93,395 shares of the energy producer’s stock worth $843,000 after purchasing an additional 2,646 shares during the last quarter. Nationwide Fund Advisors increased its position in Sanchez Energy Corporation by 44.1% during the first quarter. Nationwide Fund Advisors now owns 47,013 shares of the energy producer’s stock worth $449,000 after purchasing an additional 14,388 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in Sanchez Energy Corporation during the first quarter worth approximately $420,000. Wells Fargo & Company MN increased its position in Sanchez Energy Corporation by 64.0% during the first quarter. Wells Fargo & Company MN now owns 1,312,670 shares of the energy producer’s stock worth $12,523,000 after purchasing an additional 512,255 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Sanchez Energy Corporation by 5.3% during the first quarter. Canada Pension Plan Investment Board now owns 18,000 shares of the energy producer’s stock worth $172,000 after purchasing an additional 900 shares during the last quarter. 70.44% of the stock is owned by hedge funds and other institutional investors.

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Sanchez Energy Corporation Company Profile

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.

Analyst Recommendations for Sanchez Energy Corporation (NYSE:SN)

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