IFP Advisors Inc decreased its position in shares of Sanchez Energy Corporation (NYSE:SN) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,582 shares of the energy producer’s stock after selling 943 shares during the period. IFP Advisors Inc’s holdings in Sanchez Energy Corporation were worth $176,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Sanchez Energy Corporation during the first quarter worth about $231,000. Oxford Asset Management increased its stake in shares of Sanchez Energy Corporation by 1.9% in the first quarter. Oxford Asset Management now owns 122,033 shares of the energy producer’s stock worth $1,164,000 after buying an additional 2,273 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Sanchez Energy Corporation by 644.0% in the first quarter. Goldman Sachs Group Inc. now owns 668,025 shares of the energy producer’s stock worth $6,373,000 after buying an additional 578,236 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Sanchez Energy Corporation during the first quarter worth about $166,000. Finally, Sanders Morris Harris LLC increased its stake in shares of Sanchez Energy Corporation by 6.1% in the second quarter. Sanders Morris Harris LLC now owns 346,000 shares of the energy producer’s stock worth $2,484,000 after buying an additional 20,000 shares during the last quarter. 76.52% of the stock is owned by hedge funds and other institutional investors.
Shares of Sanchez Energy Corporation (NYSE:SN) opened at 4.68 on Wednesday. Sanchez Energy Corporation has a 52 week low of $4.38 and a 52 week high of $14.39. The stock’s market cap is $358.69 million. The firm has a 50-day moving average of $5.65 and a 200 day moving average of $7.99.
Sanchez Energy Corporation (NYSE:SN) last released its quarterly earnings results on Wednesday, August 9th. The energy producer reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.18. The company had revenue of $175.70 million for the quarter, compared to the consensus estimate of $178.97 million. The business’s revenue for the quarter was up 58.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($3.20) EPS. On average, equities analysts forecast that Sanchez Energy Corporation will post ($0.81) EPS for the current fiscal year.
Several brokerages recently weighed in on SN. 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. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $13.00 target price (down previously from $14.00) on shares of Sanchez Energy Corporation in a report on Thursday, May 18th. BidaskClub downgraded shares of Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. 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. Finally, KLR Group reaffirmed a “buy” rating and issued a $10.00 target price (down previously from $12.00) on shares of Sanchez Energy Corporation in a report on Wednesday, May 17th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $12.63.
In other news, VP Kirsten A. Hink sold 38,634 shares of Sanchez Energy Corporation 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 owns 178,390 shares in the company, valued at $895,517.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas Brian Carney sold 10,204 shares of Sanchez Energy Corporation stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $6.19, for a total transaction of $63,162.76. Following the completion of the sale, the director now owns 68,423 shares in the company, valued at approximately $423,538.37. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,926 shares of company stock worth $438,989. 14.70% of the stock is owned by company insiders.
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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