Sanchez Energy (SN) Shares Gap Up to $1.96

Sanchez Energy Corp (NYSE:SN)’s share price gapped up before the market opened on Friday . The stock had previously closed at $2.12, but opened at $1.96. Sanchez Energy shares last traded at $1.88, with a volume of 1165234 shares changing hands.

SN has been the topic of several research reports. BMO Capital Markets reiterated a “hold” rating and set a $4.00 price objective on shares of Sanchez Energy in a report on Monday, August 13th. SunTrust Banks set a $4.00 target price on shares of Sanchez Energy and gave the stock a “hold” rating in a report on Wednesday, August 8th. Piper Jaffray Companies restated a “hold” rating and issued a $3.00 target price on shares of Sanchez Energy in a report on Thursday, August 30th. Northland Securities restated a “hold” rating and issued a $3.00 target price on shares of Sanchez Energy in a report on Thursday, August 9th. Finally, Capital One Financial restated an “underweight” rating on shares of Sanchez Energy in a report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $3.88.

The firm has a market capitalization of $171.38 million, a price-to-earnings ratio of -5.75 and a beta of 1.69.



Sanchez Energy (NYSE:SN) last posted its earnings results on Tuesday, August 7th. The energy producer reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.33). Sanchez Energy had a negative return on equity of 8.74% and a negative net margin of 15.50%. The business had revenue of $259.31 million during the quarter, compared to analyst estimates of $252.49 million. Equities research analysts expect that Sanchez Energy Corp will post -0.38 earnings per share for the current year.

In other Sanchez Energy news, CAO Kirsten A. Hink sold 8,486 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $4.41, for a total value of $37,423.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Howard J. Sr Thill, Sr. sold 21,877 shares of the stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $2.46, for a total transaction of $53,817.42. Following the completion of the sale, the chief financial officer now owns 348,373 shares of the company’s stock, valued at approximately $856,997.58. The disclosure for this sale can be found here. Corporate insiders own 14.70% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Congress Asset Management Co. MA increased its stake in Sanchez Energy by 12.0% in the 3rd quarter. Congress Asset Management Co. MA now owns 589,386 shares of the energy producer’s stock valued at $1,356,000 after buying an additional 63,220 shares during the last quarter. Stonebridge Capital Management Inc. grew its position in shares of Sanchez Energy by 67.3% during the 3rd quarter. Stonebridge Capital Management Inc. now owns 122,416 shares of the energy producer’s stock valued at $282,000 after acquiring an additional 49,231 shares during the period. Northern Trust Corp grew its position in shares of Sanchez Energy by 6.1% during the 2nd quarter. Northern Trust Corp now owns 921,311 shares of the energy producer’s stock valued at $4,165,000 after acquiring an additional 52,905 shares during the period. Jane Street Group LLC grew its position in shares of Sanchez Energy by 73.8% during the 2nd quarter. Jane Street Group LLC now owns 135,695 shares of the energy producer’s stock valued at $613,000 after acquiring an additional 57,627 shares during the period. Finally, MetLife Investment Advisors LLC bought a new position in shares of Sanchez Energy during the 2nd quarter valued at approximately $180,000. Hedge funds and other institutional investors own 48.80% of the company’s stock.

About Sanchez Energy (NYSE:SN)

Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition and development of U.S. onshore unconventional oil and natural gas resources. It engages in the horizontal development of resources from the Eagle Ford Shale in South Texas. It also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.

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