Sanchez Energy Corp (NYSE:SN)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $5.30, but opened at $5.18. Sanchez Energy shares last traded at $4.75, with a volume of 3918849 shares traded.

A number of research firms have recently commented on SN. Stifel Nicolaus set a $5.00 price objective on shares of Sanchez Energy and gave the company a “hold” rating in a research report on Thursday, October 5th. J P Morgan Chase & Co assumed coverage on shares of Sanchez Energy in a report on Friday, September 15th. They issued a “neutral” rating for the company. ValuEngine downgraded shares of Sanchez Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Sanchez Energy from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. Finally, SunTrust Banks reiterated a “hold” rating and issued a $5.00 price target on shares of Sanchez Energy in a research note on Friday, October 20th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $10.44.

The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of -3.72.

In related news, insider Patricio D. Sanchez acquired 320,000 shares of the stock in a transaction on Friday, September 15th. The shares were bought at an average price of $4.55 per share, with a total value of $1,456,000.00. Following the completion of the purchase, the insider now owns 473,485 shares of the company’s stock, valued at approximately $2,154,356.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Antonio R. Sanchez III purchased 100,000 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was acquired at an average cost of $4.45 per share, for a total transaction of $445,000.00. Following the purchase, the chief executive officer now owns 1,494,783 shares in the company, valued at $6,651,784.35. The disclosure for this purchase can be found here. Insiders have purchased 742,000 shares of company stock valued at $3,379,220 over the last quarter. 14.70% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC grew its stake in Sanchez Energy by 180.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 21,841 shares of the energy producer’s stock worth $105,000 after buying an additional 14,044 shares during the last quarter. Kalos Management Inc. acquired a new stake in Sanchez Energy during the 3rd quarter worth approximately $138,000. Legal & General Group Plc lifted its position in Sanchez Energy by 27.4% during the 1st quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock worth $165,000 after acquiring an additional 3,733 shares during the period. Capital Fund Management S.A. acquired a new stake in Sanchez Energy during the 2nd quarter worth approximately $174,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Sanchez Energy by 6.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 25,400 shares of the energy producer’s stock worth $182,000 after acquiring an additional 1,650 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

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About Sanchez Energy

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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