Sanchez Energy Corp (SN) Expected to Announce Earnings of -$0.21 Per Share

Equities research analysts predict that Sanchez Energy Corp (NYSE:SN) will announce ($0.21) earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Sanchez Energy’s earnings, with the lowest EPS estimate coming in at ($0.37) and the highest estimate coming in at ($0.14). Sanchez Energy reported earnings per share of $0.28 in the same quarter last year, which would indicate a negative year over year growth rate of 175%. The company is expected to issue its next quarterly earnings results on Monday, February 25th.

On average, analysts expect that Sanchez Energy will report full year earnings of ($0.66) per share for the current year, with EPS estimates ranging from ($0.83) to ($0.58). For the next financial year, analysts forecast that the firm will report earnings of ($1.51) per share, with EPS estimates ranging from ($2.69) to ($0.40). Zacks’ EPS averages are a mean average based on a survey of research firms that follow Sanchez Energy.

A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of Sanchez Energy from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 1st. Royal Bank of Canada restated a “hold” rating and set a $2.50 price objective on shares of Sanchez Energy in a research note on Tuesday, November 6th. SunTrust Banks set a $2.00 price objective on shares of Sanchez Energy and gave the company a “hold” rating in a research note on Tuesday, October 23rd. Finally, Stifel Nicolaus restated a “hold” rating and set a $0.90 price objective on shares of Sanchez Energy in a research note on Monday, November 26th. One investment analyst has rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $2.34.



NYSE SN traded up $0.01 during trading hours on Monday, reaching $0.40. 1,108,993 shares of the company’s stock traded hands, compared to its average volume of 2,508,331. Sanchez Energy has a 52-week low of $0.22 and a 52-week high of $5.13. The stock has a market cap of $33.73 million, a P/E ratio of -1.25 and a beta of 2.46.

Several hedge funds have recently made changes to their positions in SN. Benefit Street Partners LLC bought a new stake in shares of Sanchez Energy in the fourth quarter worth approximately $148,000. Cambridge Investment Research Advisors Inc. grew its position in Sanchez Energy by 1,725.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 358,277 shares of the energy producer’s stock valued at $97,000 after buying an additional 338,655 shares during the period. Vanguard Group Inc grew its position in Sanchez Energy by 8.9% during the third quarter. Vanguard Group Inc now owns 3,939,138 shares of the energy producer’s stock valued at $9,060,000 after buying an additional 320,306 shares during the period. Vanguard Group Inc. grew its position in Sanchez Energy by 8.9% during the third quarter. Vanguard Group Inc. now owns 3,939,138 shares of the energy producer’s stock valued at $9,060,000 after buying an additional 320,306 shares during the period. Finally, Wells Fargo & Company MN grew its position in Sanchez Energy by 28.5% during the third quarter. Wells Fargo & Company MN now owns 543,515 shares of the energy producer’s stock valued at $1,251,000 after buying an additional 120,643 shares during the period. Hedge funds and other institutional investors own 39.88% of the company’s stock.

About Sanchez Energy

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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