KLR Group lowered shares of Sanchez Energy (NYSE:SN) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, Marketbeat.com reports.

A number of other brokerages have also recently commented on SN. Zacks Investment Research raised Sanchez Energy from a hold rating to a buy rating and set a $6.00 price target on the stock in a research report on Wednesday, December 27th. Piper Jaffray reissued a hold rating and issued a $8.00 price target on shares of Sanchez Energy in a research report on Tuesday, January 9th. ValuEngine cut Sanchez Energy from a sell rating to a strong sell rating in a research report on Friday, February 2nd. Northland Securities cut Sanchez Energy from an outperform rating to a market perform rating and set a $20.00 price objective on the stock. in a research report on Tuesday, February 27th. Finally, SunTrust Banks reaffirmed a hold rating and issued a $4.00 price objective on shares of Sanchez Energy in a research report on Monday, February 26th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $5.56.

SN stock opened at $3.17 on Wednesday. Sanchez Energy has a fifty-two week low of $2.78 and a fifty-two week high of $8.45. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of -4.12. The company has a market cap of $315.60, a price-to-earnings ratio of -9.91 and a beta of 1.75.

Sanchez Energy (NYSE:SN) last posted its earnings results on Monday, February 26th. The energy producer reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.13. The firm had revenue of $246.00 million for the quarter, compared to analysts’ expectations of $229.20 million. During the same quarter last year, the company posted $0.16 EPS. The firm’s revenue was up 95.7% on a year-over-year basis. analysts expect that Sanchez Energy will post 1.06 EPS for the current year.

In other news, insider Patricio D. Sanchez sold 13,202 shares of the stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $3.72, for a total transaction of $49,111.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Christopher Heinson sold 13,203 shares of the stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $3.72, for a total value of $49,115.16. Following the transaction, the chief operating officer now directly owns 639,149 shares in the company, valued at $2,377,634.28. The disclosure for this sale can be found here. Insiders have sold a total of 141,913 shares of company stock worth $473,257 over the last three months. Insiders own 14.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC purchased a new stake in shares of Sanchez Energy in the 4th quarter worth $177,000. Millennium Management LLC increased its stake in shares of Sanchez Energy by 3,483.5% in the 4th quarter. Millennium Management LLC now owns 2,975,150 shares of the energy producer’s stock worth $15,798,000 after purchasing an additional 2,892,127 shares in the last quarter. Western Asset Management Co. increased its stake in shares of Sanchez Energy by 183.4% in the 4th quarter. Western Asset Management Co. now owns 155,890 shares of the energy producer’s stock worth $828,000 after purchasing an additional 100,890 shares in the last quarter. Baker Avenue Asset Management LP increased its stake in shares of Sanchez Energy by 10.8% in the 4th quarter. Baker Avenue Asset Management LP now owns 218,981 shares of the energy producer’s stock worth $1,163,000 after purchasing an additional 21,370 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Sanchez Energy by 132.6% in the 4th quarter. Deutsche Bank AG now owns 168,321 shares of the energy producer’s stock worth $892,000 after purchasing an additional 95,949 shares in the last quarter. 56.83% of the stock is currently owned by hedge funds and other institutional investors.

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Sanchez Energy Company Profile

Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition and development of U.S. onshore unconventional oil and natural gas resources. It engages in the horizontal development of resources from the Eagle Ford Shale in South Texas. It also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.

Analyst Recommendations for Sanchez Energy (NYSE:SN)

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