Sanchez Energy’s (SN) “Hold” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their hold rating on shares of Sanchez Energy (NYSE:SN) in a research note issued to investors on Tuesday. They currently have a $2.50 price target on the energy producer’s stock.

Several other research firms have also commented on SN. ValuEngine lowered Sanchez Energy from a sell rating to a strong sell rating in a report on Monday, July 16th. Capital One Financial reiterated an underweight rating on shares of Sanchez Energy in a report on Tuesday, August 7th. Northland Securities reiterated a hold rating and set a $3.00 price target on shares of Sanchez Energy in a report on Thursday, August 9th. SunTrust Banks set a $4.00 price target on Sanchez Energy and gave the stock a hold rating in a report on Wednesday, August 8th. Finally, BMO Capital Markets reiterated a hold rating and set a $4.00 price target on shares of Sanchez Energy in a report on Monday, August 13th. Two investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The company presently has an average rating of Hold and an average price target of $3.31.

SN traded down $0.27 on Tuesday, hitting $1.11. 8,741,159 shares of the company’s stock were exchanged, compared to its average volume of 2,614,330. Sanchez Energy has a fifty-two week low of $1.02 and a fifty-two week high of $6.19. The stock has a market cap of $142.69 million, a PE ratio of -3.47 and a beta of 1.86.

Sanchez Energy (NYSE:SN) last announced its earnings results on Thursday, November 1st. The energy producer reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.14). Sanchez Energy had a negative return on equity of 8.96% and a negative net margin of 9.24%. The business had revenue of $277.71 million for the quarter, compared to analyst estimates of $255.06 million. During the same period last year, the firm earned $0.22 EPS. The company’s revenue for the quarter was up 50.3% compared to the same quarter last year. On average, sell-side analysts predict that Sanchez Energy will post -0.55 EPS for the current year.

In related news, CFO Howard J. Sr Thill, Sr. sold 21,877 shares of the business’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $2.46, for a total value of $53,817.42. Following the sale, the chief financial officer now directly owns 348,373 shares in the company, valued at approximately $856,997.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 14.70% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Metropolitan Life Insurance Co. NY purchased a new stake in Sanchez Energy during the second quarter worth about $127,000. MetLife Investment Advisors LLC purchased a new stake in Sanchez Energy during the second quarter worth about $180,000. Dynamic Technology Lab Private Ltd increased its stake in Sanchez Energy by 196.1% during the first quarter. Dynamic Technology Lab Private Ltd now owns 68,913 shares of the energy producer’s stock worth $215,000 after purchasing an additional 45,638 shares during the period. Stonebridge Capital Management Inc. increased its stake in Sanchez Energy by 67.3% during the third quarter. Stonebridge Capital Management Inc. now owns 122,416 shares of the energy producer’s stock worth $282,000 after purchasing an additional 49,231 shares during the period. Finally, GFS Advisors LLC increased its stake in Sanchez Energy by 56.3% during the second quarter. GFS Advisors LLC now owns 125,000 shares of the energy producer’s stock worth $565,000 after purchasing an additional 45,000 shares during the period. Institutional investors own 48.25% of the company’s stock.

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.

Read More: How Do You Make Money With Penny Stocks?

Analyst Recommendations for Sanchez Energy (NYSE:SN)

Receive News & Ratings for Sanchez Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanchez Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply