Sanchez Energy Corporation (NYSE:SN) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 25,172,591 shares, a growth of 8.6% from the July 14th total of 23,169,316 shares. Based on an average daily volume of 3,841,766 shares, the short-interest ratio is currently 6.6 days. Currently, 35.1% of the shares of the stock are short sold.
Shares of Sanchez Energy Corporation (NYSE SN) opened at 4.45 on Friday. The company’s 50-day moving average is $5.47 and its 200 day moving average is $7.87. 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 $341.07 million.
Sanchez Energy Corporation (NYSE:SN) last posted its quarterly earnings data on Wednesday, August 9th. The energy producer reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.18. The business had revenue of $175.70 million for the quarter, compared to the consensus estimate of $178.97 million. During the same period in the previous year, the company earned ($3.20) earnings per share. The company’s quarterly revenue was up 58.3% on a year-over-year basis. Analysts forecast that Sanchez Energy Corporation will post ($0.81) earnings per share for the current fiscal year.
In other 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 transaction of $193,942.68. Following the completion of the sale, the vice president now owns 178,390 shares of the company’s stock, valued at $895,517.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kirsten A. Hink sold 36,088 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $5.04, for a total transaction of $181,883.52. Following the sale, the chief accounting officer now directly owns 178,390 shares of the company’s stock, valued at approximately $899,085.60. The disclosure for this sale can be found here. Insiders have sold 84,926 shares of company stock valued at $438,989 in the last three months. Corporate insiders own 14.70% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Sanchez Energy Corporation by 4.9% in the second quarter. Vanguard Group Inc. now owns 12,127,552 shares of the energy producer’s stock worth $87,076,000 after buying an additional 569,664 shares during the period. State Street Corp raised its stake in Sanchez Energy Corporation by 50.0% in the second quarter. State Street Corp now owns 7,343,314 shares of the energy producer’s stock worth $52,727,000 after buying an additional 2,446,795 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in Sanchez Energy Corporation during the second quarter worth about $32,388,000. Blackstone Group L.P. bought a new stake in Sanchez Energy Corporation during the first quarter worth about $18,651,000. Finally, Schroder Investment Management Group raised its stake in Sanchez Energy Corporation by 44.8% in the second quarter. Schroder Investment Management Group now owns 1,894,000 shares of the energy producer’s stock worth $13,504,000 after buying an additional 586,040 shares during the period. 76.52% of the stock is owned by institutional investors.
A number of analysts have recently commented on the stock. 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. BidaskClub cut shares of Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating and set a $10.00 target price on shares of Sanchez Energy Corporation in a research note on Thursday, July 20th. Zacks Investment Research cut shares of Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, BMO Capital Markets reissued a “hold” rating and set a $5.00 target price on shares of Sanchez Energy Corporation in a research note on Tuesday, June 27th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Sanchez Energy Corporation has a consensus rating of “Hold” and an average target price of $12.63.
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.
Receive News & Ratings for Sanchez Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanchez Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
