Stifel Nicolaus Analysts Give Sanchez Energy (SN) a $3.00 Price Target

Stifel Nicolaus set a $3.00 target price on Sanchez Energy (NYSE:SN) in a research report released on Wednesday. The firm currently has a hold rating on the energy producer’s stock.

SN has been the topic of a number of other research reports. JPMorgan Chase lowered shares of Sanchez Energy from a neutral rating to an underweight rating in a report on Friday, December 15th. ValuEngine lowered shares of Sanchez Energy from a sell rating to a strong sell rating in a report on Friday, February 2nd. Piper Jaffray set a $4.00 target price on shares of Sanchez Energy and gave the company a hold rating in a research note on Wednesday, March 14th. Zacks Investment Research lowered shares of Sanchez Energy from a buy rating to a hold rating in a research note on Saturday, January 13th. Finally, Northland Securities set a $6.00 target price on shares of Sanchez Energy and gave the company a buy rating in a research note on Monday, December 11th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $7.39.

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Shares of SN stock opened at $3.13 on Wednesday. Sanchez Energy has a 12 month low of $2.78 and a 12 month high of $10.20. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of -4.12. The firm has a market capitalization of $265.55, a price-to-earnings ratio of -9.78 and a beta of 1.88.

Sanchez Energy (NYSE:SN) last issued its quarterly earnings data on Monday, February 26th. The energy producer reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.13. The firm had revenue of $246.00 million during the quarter, compared to analyst estimates of $229.20 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The business’s quarterly revenue was up 95.7% compared to the same quarter last year. sell-side analysts forecast that Sanchez Energy will post 1.1 EPS for the current fiscal year.

In related news, CAO Kirsten A. Hink sold 9,949 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $5.22, for a total transaction of $51,933.78. Following the sale, the chief accounting officer now owns 157,261 shares in the company, valued at $820,902.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Gregory B. Kopel sold 7,960 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $5.61, for a total transaction of $44,655.60. Following the sale, the vice president now owns 109,488 shares in the company, valued at approximately $614,227.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 217,297 shares of company stock worth $913,312. Company insiders own 14.70% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC raised its stake in Sanchez Energy by 3,483.5% during the fourth quarter. Millennium Management LLC now owns 2,975,150 shares of the energy producer’s stock worth $15,798,000 after acquiring an additional 2,892,127 shares during the period. JPMorgan Chase & Co. raised its stake in Sanchez Energy by 44.9% during the third quarter. JPMorgan Chase & Co. now owns 1,789,224 shares of the energy producer’s stock worth $8,804,000 after acquiring an additional 554,240 shares during the period. Wells Fargo & Company MN raised its stake in Sanchez Energy by 52.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,710,884 shares of the energy producer’s stock worth $9,085,000 after acquiring an additional 586,756 shares during the period. Penn Capital Management Co. Inc. raised its stake in Sanchez Energy by 81.0% during the fourth quarter. Penn Capital Management Co. Inc. now owns 1,280,826 shares of the energy producer’s stock worth $6,811,000 after acquiring an additional 573,043 shares during the period. Finally, Geode Capital Management LLC raised its stake in Sanchez Energy by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 608,621 shares of the energy producer’s stock worth $3,230,000 after acquiring an additional 19,733 shares during the period. Hedge funds and other institutional investors own 56.83% of the company’s stock.

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Sanchez Energy 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.

Analyst Recommendations for Sanchez Energy (NYSE:SN)

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