$231.18 Million in Sales Expected for Sanchez Energy Corp (SN) This Quarter

Wall Street analysts expect Sanchez Energy Corp (NYSE:SN) to report sales of $231.18 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Sanchez Energy’s earnings. The highest sales estimate is $236.00 million and the lowest is $217.00 million. Sanchez Energy reported sales of $125.74 million in the same quarter last year, which indicates a positive year-over-year growth rate of 83.9%. The firm is expected to report its next earnings results before the market opens on Wednesday, February 28th.

On average, analysts expect that Sanchez Energy will report full year sales of $231.18 million for the current fiscal year, with estimates ranging from $712.00 million to $731.51 million. For the next year, analysts anticipate that the firm will report sales of $1.02 billion per share, with estimates ranging from $982.00 million to $1.10 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Sanchez Energy.

A number of brokerages have recently weighed in on SN. Zacks Investment Research lowered Sanchez Energy from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. Piper Jaffray Companies restated a “hold” rating and set a $6.00 price target on shares of Sanchez Energy in a research note on Sunday, October 22nd. Northland Securities set a $6.00 price target on Sanchez Energy and gave the stock a “buy” rating in a research note on Monday, December 11th. BMO Capital Markets set a $5.00 price target on Sanchez Energy and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Finally, ValuEngine lowered Sanchez Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Sanchez Energy has a consensus rating of “Hold” and an average target price of $7.77.

In related news, CAO Kirsten A. Hink sold 9,949 shares of Sanchez Energy stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $5.22, for a total transaction of $51,933.78. Following the completion of the sale, the chief accounting officer now owns 157,261 shares of the company’s stock, valued at $820,902.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Christopher Heinson sold 19,903 shares of Sanchez Energy stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $5.22, for a total value of $103,893.66. Following the sale, the chief operating officer now directly owns 579,022 shares of the company’s stock, valued at approximately $3,022,494.84. The disclosure for this sale can be found here. Insiders have sold 605,022 shares of company stock valued at $2,880,942 in the last ninety days. Corporate insiders own 14.70% of the company’s stock.

Large investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC lifted its holdings in Sanchez Energy by 180.1% in the third quarter. Cubist Systematic Strategies LLC now owns 21,841 shares of the energy producer’s stock valued at $105,000 after acquiring an additional 14,044 shares during the period. Teacher Retirement System of Texas acquired a new position in Sanchez Energy in the fourth quarter valued at approximately $131,000. IFP Advisors Inc lifted its holdings in Sanchez Energy by 71.9% in the fourth quarter. IFP Advisors Inc now owns 26,350 shares of the energy producer’s stock valued at $140,000 after acquiring an additional 11,025 shares during the period. Kalos Management Inc. acquired a new position in Sanchez Energy in the third quarter valued at approximately $138,000. Finally, Voya Investment Management LLC lifted its holdings in Sanchez Energy by 16.8% in the second quarter. Voya Investment Management LLC now owns 33,214 shares of the energy producer’s stock valued at $238,000 after acquiring an additional 4,770 shares during the period. 58.61% of the stock is owned by institutional investors.

Shares of Sanchez Energy (NYSE SN) traded down $0.24 during mid-day trading on Wednesday, hitting $3.51. The stock had a trading volume of 5,114,141 shares, compared to its average volume of 3,530,000. Sanchez Energy has a 1-year low of $3.38 and a 1-year high of $12.08. The stock has a market capitalization of $295.29, a price-to-earnings ratio of 12.54 and a beta of 1.54. The company has a debt-to-equity ratio of -3.72, a current ratio of 0.88 and a quick ratio of 0.88.

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About Sanchez Energy

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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