Sanchez Energy Corporation (NYSE:SN)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $4.65, but opened at $4.84. Sanchez Energy Corporation shares last traded at $4.96, with a volume of 4,299,182 shares.

A number of brokerages have recently issued reports on SN. Royal Bank Of Canada set a $13.00 price target on Sanchez Energy Corporation and gave the stock a “buy” rating in a research report on Saturday, June 24th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $6.00 price target (down from $14.00) on shares of Sanchez Energy Corporation in a research report on Monday, September 18th. BMO Capital Markets reaffirmed a “hold” rating and set a $5.00 price target on shares of Sanchez Energy Corporation in a research report on Tuesday, June 27th. J P Morgan Chase & Co began coverage on Sanchez Energy Corporation in a research report on Friday, September 15th. They set a “neutral” rating on the stock. Finally, ValuEngine downgraded Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Five research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.71.

The company’s market cap is $380.15 million. The firm has a 50 day moving average of $4.57 and a 200 day moving average of $6.87. Sanchez Energy Corporation also was the target of unusually large options trading activity on Monday. Stock investors purchased 25,485 put options on the company. This represents an increase of 589% compared to the average volume of 3,700 put options.

Sanchez Energy Corporation (NYSE:SN) last issued its quarterly earnings results on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.18). The firm had revenue of $175.70 million for the quarter, compared to analyst estimates of $178.97 million. During the same quarter last year, the business posted ($3.20) EPS. The firm’s revenue for the quarter was up 58.3% on a year-over-year basis. On average, analysts anticipate that Sanchez Energy Corporation will post ($0.85) earnings per share for the current fiscal year.

In related news, CAO Kirsten A. Hink sold 36,088 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $5.04, for a total transaction of $181,883.52. Following the sale, the chief accounting officer now owns 178,390 shares of the company’s stock, valued at $899,085.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Patricio D. Sanchez acquired 320,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average cost of $4.55 per share, for a total transaction of $1,456,000.00. Following the acquisition, the insider now owns 473,485 shares of the company’s stock, valued at approximately $2,154,356.75. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 742,000 shares of company stock worth $3,379,220. Company insiders own 14.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SN. Vanguard Group Inc. boosted its holdings in Sanchez Energy Corporation by 88.0% during 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 in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in Sanchez Energy Corporation during the second quarter worth about $32,388,000. State Street Corp boosted its holdings in Sanchez Energy Corporation by 50.0% during the second quarter. State Street Corp now owns 7,343,314 shares of the energy producer’s stock worth $52,727,000 after buying an additional 2,446,795 shares in the last quarter. Blackstone Group L.P. purchased a new stake in Sanchez Energy Corporation during the first quarter worth about $18,651,000. Finally, Tyrus Capital S.A.M. purchased a new stake in Sanchez Energy Corporation during the first quarter worth about $10,494,000. 70.09% of the stock is currently owned by hedge funds and other institutional investors.

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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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