BMO Capital Markets set a $5.00 target price on Sanchez Energy Corporation (NYSE:SN) in a report published on Tuesday morning. The brokerage currently has a hold rating on the energy producer’s stock.

A number of other equities analysts also recently issued reports on SN. Seaport Global Securities downgraded shares of Sanchez Energy Corporation from a buy rating to a sell rating and cut their price objective for the stock from $15.00 to $5.00 in a report on Wednesday, June 21st. Royal Bank Of Canada set a $13.00 price objective on shares of Sanchez Energy Corporation and gave the stock a buy rating in a report on Saturday, June 24th. Zacks Investment Research raised shares of Sanchez Energy Corporation from a strong sell rating to a hold rating in a report on Thursday, July 13th. BidaskClub downgraded shares of Sanchez Energy Corporation from a sell rating to a strong sell rating in a report on Tuesday, July 25th. Finally, Capital One Financial Corporation downgraded shares of Sanchez Energy Corporation from an equal weight rating to an underweight rating in a report on Wednesday, July 26th. Four analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Sanchez Energy Corporation has an average rating of Hold and an average target price of $11.45.

Sanchez Energy Corporation (NYSE:SN) last posted its quarterly earnings data on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.18). The business had revenue of $175.70 million for the quarter, compared to analysts’ expectations of $178.97 million. Sanchez Energy Corporation’s revenue was up 58.3% on a year-over-year basis. During the same quarter last year, the company earned ($3.20) earnings per share.

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In other news, VP Howard J. Sr Thill, Sr. sold 16,499 shares of Sanchez Energy Corporation stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $4.27, for a total transaction of $70,450.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Patricio D. Sanchez bought 222,000 shares of the stock in a transaction dated Thursday, September 14th. The shares were acquired at an average price of $4.51 per share, for a total transaction of $1,001,220.00. Following the completion of the purchase, the executive vice president now directly owns 473,485 shares in the company, valued at $2,135,417.35. 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 and have sold 91,221 shares worth $446,277. Insiders own 14.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in Sanchez Energy Corporation by 644.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 668,025 shares of the energy producer’s stock valued at $6,373,000 after acquiring an additional 578,236 shares during the period. Driehaus Capital Management LLC bought a new stake in Sanchez Energy Corporation in the 1st quarter valued at about $166,000. SG Americas Securities LLC raised its stake in Sanchez Energy Corporation by 485.9% in the 2nd quarter. SG Americas Securities LLC now owns 180,093 shares of the energy producer’s stock valued at $1,293,000 after acquiring an additional 149,355 shares during the period. Sanders Morris Harris LLC raised its stake in Sanchez Energy Corporation by 6.1% in the 2nd quarter. Sanders Morris Harris LLC now owns 346,000 shares of the energy producer’s stock valued at $2,484,000 after acquiring an additional 20,000 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Sanchez Energy Corporation by 3.0% in the 1st quarter. JPMorgan Chase & Co. now owns 1,092,226 shares of the energy producer’s stock valued at $10,420,000 after acquiring an additional 32,287 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

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.

Analyst Recommendations for Sanchez Energy Corporation (NYSE:SN)

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