Sanchez Energy (SN) Shares Down 3.9%

Sanchez Energy Corp (NYSE:SN) was down 3.9% during trading on Monday . The stock traded as low as $0.76 and last traded at $0.73. Approximately 25,972 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 2,859,664 shares. The stock had previously closed at $0.76.

SN has been the subject of a number of recent research reports. SunTrust Banks set a $2.00 price target on Sanchez Energy and gave the company a “hold” rating in a research note on Tuesday, October 23rd. Royal Bank of Canada restated a “hold” rating and set a $2.50 price target on shares of Sanchez Energy in a research note on Tuesday, November 6th. Capital One Financial restated an “underweight” rating on shares of Sanchez Energy in a research note on Tuesday, August 7th. ValuEngine upgraded Sanchez Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $3.00 price target on shares of Sanchez Energy in a research note on Thursday, August 30th. Two investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $3.31.

The firm has a market capitalization of $66.67 million, a P/E ratio of -2.04 and a beta of 1.86.

Sanchez Energy (NYSE:SN) last posted its quarterly earnings results on Thursday, November 1st. The energy producer reported ($0.15) EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $255.06 million. During the same period in the prior year, the firm posted $0.22 earnings per share. The firm’s revenue for the quarter was up 50.3% on a year-over-year basis. Research analysts forecast that Sanchez Energy Corp will post -0.59 EPS for the current fiscal year.

In other news, CFO Howard J. Sr Thill, Sr. sold 21,877 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $2.46, for a total transaction of $53,817.42. Following the sale, the chief financial officer now directly owns 348,373 shares of the company’s stock, valued at approximately $856,997.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.12% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SN. Vanguard Group Inc. increased its position in shares of Sanchez Energy by 8.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,939,138 shares of the energy producer’s stock valued at $9,060,000 after purchasing an additional 320,306 shares during the last quarter. Price Capital Management Inc. bought a new position in shares of Sanchez Energy during the 2nd quarter valued at approximately $797,000. Wells Fargo & Company MN increased its position in shares of Sanchez Energy by 28.5% during the 3rd quarter. Wells Fargo & Company MN now owns 543,515 shares of the energy producer’s stock valued at $1,251,000 after purchasing an additional 120,643 shares during the last quarter. BlackRock Inc. increased its position in shares of Sanchez Energy by 3.0% during the 3rd quarter. BlackRock Inc. now owns 4,018,409 shares of the energy producer’s stock valued at $9,242,000 after purchasing an additional 115,279 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in shares of Sanchez Energy during the 3rd quarter valued at approximately $193,000. 46.28% of the stock is currently owned by hedge funds and other institutional investors.

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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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