Sanchez Energy Corp (SN) Expected to Announce Quarterly Sales of $263.29 Million

Wall Street analysts expect that Sanchez Energy Corp (NYSE:SN) will post sales of $263.29 million for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Sanchez Energy’s earnings, with estimates ranging from $245.00 million to $277.20 million. Sanchez Energy reported sales of $184.81 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 42.5%. The business is expected to issue its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Sanchez Energy will report full year sales of $1.02 billion for the current financial year, with estimates ranging from $943.00 million to $1.07 billion. For the next financial year, analysts expect that the company will report sales of $1.11 billion per share, with estimates ranging from $1.06 billion to $1.17 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Sanchez Energy.

Sanchez Energy (NYSE:SN) last announced its earnings results on Tuesday, August 7th. The energy producer reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.33). The firm had revenue of $259.31 million during the quarter, compared to analysts’ expectations of $252.49 million. Sanchez Energy had a negative return on equity of 8.74% and a negative net margin of 15.50%.

Several research analysts have issued reports on SN shares. KLR Group cut Sanchez Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th. Northland Securities reissued a “hold” rating and issued a $3.50 target price on shares of Sanchez Energy in a research report on Friday, April 20th. Stifel Nicolaus set a $2.00 target price on Sanchez Energy and gave the stock a “hold” rating in a research report on Tuesday, April 24th. Stephens reaffirmed a “hold” rating and set a $4.00 price objective on shares of Sanchez Energy in a research report on Tuesday, April 24th. Finally, ValuEngine raised Sanchez Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 2nd. Three research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $4.39.

In related news, CAO Kirsten A. Hink sold 30,000 shares of Sanchez Energy stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $4.00, for a total transaction of $120,000.00. Following the sale, the chief accounting officer now owns 150,633 shares of the company’s stock, valued at approximately $602,532. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Howard J. Sr Thill, Sr. sold 66,916 shares of Sanchez Energy stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $3.89, for a total value of $260,303.24. Following the sale, the vice president now directly owns 370,250 shares in the company, valued at approximately $1,440,272.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 115,419 shares of company stock worth $457,294. Insiders own 14.70% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of SN. MetLife Investment Advisors LLC bought a new stake in Sanchez Energy during the 4th quarter valued at approximately $177,000. Tiedemann Advisors LLC bought a new stake in Sanchez Energy during the 1st quarter valued at approximately $207,000. Dynamic Technology Lab Private Ltd raised its stake in Sanchez Energy by 196.1% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 68,913 shares of the energy producer’s stock valued at $215,000 after purchasing an additional 45,638 shares during the period. GFS Advisors LLC raised its stake in Sanchez Energy by 42.0% during the 1st quarter. GFS Advisors LLC now owns 80,000 shares of the energy producer’s stock valued at $234,000 after purchasing an additional 23,665 shares during the period. Finally, Phoenix Investment Adviser LLC increased its stake in Sanchez Energy by 57.6% in the 1st quarter. Phoenix Investment Adviser LLC now owns 186,000 shares of the energy producer’s stock worth $582,000 after acquiring an additional 68,000 shares during the last quarter. 56.12% of the stock is currently owned by institutional investors.

Sanchez Energy traded down $0.15, hitting $2.90, on Friday, MarketBeat Ratings reports. The stock had a trading volume of 6,376,809 shares, compared to its average volume of 3,322,744. The company has a debt-to-equity ratio of -4.55, a current ratio of 1.12 and a quick ratio of 1.45. Sanchez Energy has a 52-week low of $2.78 and a 52-week high of $6.19.

Sanchez Energy Company Profile

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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Earnings History and Estimates for Sanchez Energy (NYSE:SN)

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