Sanchez Energy Corporation (NYSE:SN) - Equities researchers at Seaport Global Securities issued their Q2 2017 earnings per share (EPS) estimates for Sanchez Energy Corporation in a research note issued on Monday. Seaport Global Securities analyst M. Kelly anticipates that the energy producer will post earnings of ($0.15) per share for the quarter. Seaport Global Securities has a “Sell” rating and a $5.00 price objective on the stock. Seaport Global Securities also issued estimates for Sanchez Energy Corporation’s Q3 2017 earnings at ($0.09) EPS, Q4 2017 earnings at $0.11 EPS, FY2017 earnings at ($0.80) EPS, Q1 2018 earnings at ($0.01) EPS, Q2 2018 earnings at ($0.04) EPS, Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.13 EPS and FY2018 earnings at $0.18 EPS.
Sanchez Energy Corporation (NYSE:SN) last posted its quarterly earnings data on Tuesday, May 9th. The energy producer reported ($1.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.84. The business had revenue of $133.80 million for the quarter, compared to analyst estimates of $128.68 million. The firm’s quarterly revenue was up 67.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.30) earnings per share.
Several other equities analysts have also recently issued reports on the stock. KLR Group reissued a “buy” rating and issued a $10.00 price objective (down from $12.00) on shares of Sanchez Energy Corporation in a research note on Wednesday, May 17th. Zacks Investment Research cut shares of Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, April 14th. Royal Bank Of Canada set a $14.00 price target on shares of Sanchez Energy Corporation and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $9.00 price target (down from $11.00) on shares of Sanchez Energy Corporation in a research note on Thursday, April 27th. Finally, Capital One Financial Corporation cut shares of Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 26th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.35.
Sanchez Energy Corporation (SN) opened at 5.13 on Wednesday. Sanchez Energy Corporation has a 12-month low of $4.48 and a 12-month high of $14.39. The firm’s 50-day moving average is $6.35 and its 200 day moving average is $8.73. The stock’s market capitalization is $389.52 million.
Several large investors have recently added to or reduced their stakes in SN. Vanguard Group Inc. raised its stake in Sanchez Energy Corporation by 88.0% in the first quarter. Vanguard Group Inc. now owns 11,557,888 shares of the energy producer’s stock valued at $110,263,000 after buying an additional 5,408,805 shares in the last quarter. Blackstone Group L.P. acquired a new stake in Sanchez Energy Corporation during the first quarter valued at approximately $18,651,000. State Street Corp raised its stake in Sanchez Energy Corporation by 45.8% in the first quarter. State Street Corp now owns 4,896,519 shares of the energy producer’s stock valued at $46,716,000 after buying an additional 1,539,043 shares in the last quarter. Tyrus Capital S.A.M. acquired a new stake in Sanchez Energy Corporation during the first quarter valued at approximately $10,494,000. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in Sanchez Energy Corporation during the first quarter valued at approximately $6,765,000. Institutional investors and hedge funds own 76.19% of the company’s stock.
In related news, VP Kirsten A. Hink sold 38,634 shares of the business’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 sale, the vice president now directly owns 178,390 shares in the company, valued at approximately $895,517.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Greg Colvin acquired 18,704 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was acquired at an average price of $6.71 per share, for a total transaction of $125,503.84. Following the completion of the transaction, the director now directly owns 67,151 shares in the company, valued at $450,583.21. The disclosure for this purchase can be found here. Insiders sold a total of 84,926 shares of company stock worth $438,989 over the last quarter. Insiders own 14.70% 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.
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