Sanchez Energy Corporation (NYSE:SN) VP Kirsten A. Hink sold 38,634 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $5.02, for a total value of $193,942.68. Following the completion of the transaction, the vice president now directly owns 178,390 shares in the company, valued at $895,517.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Sanchez Energy Corporation (NYSE SN) traded up 0.86% during trading on Friday, reaching $4.70. The company had a trading volume of 2,389,452 shares. Sanchez Energy Corporation has a 12-month low of $4.56 and a 12-month high of $14.39. The stock’s market cap is $356.87 million. The firm has a 50-day moving average price of $6.52 and a 200 day moving average price of $8.82.
Sanchez Energy Corporation (NYSE:SN) last announced its quarterly earnings data on Tuesday, May 9th. The energy producer reported ($1.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.84. The firm had revenue of $133.80 million for the quarter, compared to analyst estimates of $128.68 million. The business’s revenue was up 67.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.30) earnings per share. Equities research analysts predict that Sanchez Energy Corporation will post ($0.48) EPS for the current fiscal year.
Several research firms have commented on SN. Royal Bank Of Canada set a $13.00 price objective on Sanchez Energy Corporation and gave the company a “buy” rating in a research report on Saturday, June 24th. Stifel Nicolaus reissued a “hold” rating and issued a $9.00 price objective (down from $11.00) on shares of Sanchez Energy Corporation in a research report on Thursday, April 27th. BMO Capital Markets reissued a “hold” rating and issued a $5.00 price objective on shares of Sanchez Energy Corporation in a research report on Tuesday, June 27th. Seaport Global Securities lowered 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. Finally, Zacks Investment Research lowered Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.35.
Several hedge funds and other institutional investors have recently made changes to their positions in SN. Virginia Retirement Systems ET AL bought a new position in shares of Sanchez Energy Corporation during the first quarter worth approximately $105,000. ClariVest Asset Management LLC bought a new position in shares of Sanchez Energy Corporation during the first quarter worth approximately $120,000. Mackay Shields LLC bought a new position in shares of Sanchez Energy Corporation during the first quarter worth approximately $126,000. 361 Capital LLC bought a new position in shares of Sanchez Energy Corporation during the first quarter worth approximately $129,000. Finally, Legal & General Group Plc raised its position in shares of Sanchez Energy Corporation by 27.4% in the first quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock worth $165,000 after buying an additional 3,733 shares in the last quarter. 76.17% of the stock is owned by institutional investors and hedge funds.
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.
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