Brokerages Set Sanchez Energy Corp (SN) PT at $2.34

Sanchez Energy Corp (NYSE:SN) has earned an average recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $2.34.

A number of equities analysts recently weighed in on SN shares. Royal Bank of Canada restated a “hold” rating and set a $0.50 target price on shares of Sanchez Energy in a report on Tuesday, January 8th. SunTrust Banks set a $1.00 price objective on shares of Sanchez Energy and gave the company a “hold” rating in a report on Tuesday, November 27th. Stifel Nicolaus reiterated a “hold” rating and issued a $0.90 price objective on shares of Sanchez Energy in a report on Monday, November 26th. Finally, Zacks Investment Research upgraded shares of Sanchez Energy from a “strong sell” rating to a “hold” rating in a report on Saturday, January 26th.

SN traded down $0.01 during trading on Thursday, reaching $0.36. 2,378,260 shares of the stock were exchanged, compared to its average volume of 2,126,333. The company has a market cap of $31.58 million, a price-to-earnings ratio of -1.13 and a beta of 2.46. Sanchez Energy has a twelve month low of $0.22 and a twelve month high of $5.13.

Several large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of Sanchez Energy in the fourth quarter valued at about $25,000. Highbridge Capital Management LLC bought a new stake in shares of Sanchez Energy in the fourth quarter valued at about $65,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Sanchez Energy by 1,725.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 358,277 shares of the energy producer’s stock valued at $97,000 after acquiring an additional 338,655 shares during the period. Two Sigma Investments LP bought a new stake in shares of Sanchez Energy in the fourth quarter valued at about $104,000. Finally, Benefit Street Partners LLC bought a new stake in shares of Sanchez Energy in the fourth quarter valued at about $148,000. Hedge funds and other institutional investors own 39.90% 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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Analyst Recommendations for Sanchez Energy (NYSE:SN)

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