Sanchez Energy Corp (SN) CAO Sells $34,311.99 in Stock

Sanchez Energy Corp (NYSE:SN) CAO Kirsten A. Hink sold 4,129 shares of the stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $8.31, for a total transaction of $34,311.99. Following the completion of the sale, the chief accounting officer now directly owns 205,844 shares in the company, valued at $1,710,563.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Sanchez Energy Corp (NYSE:SN) traded down 0.66% during midday trading on Thursday, hitting $7.53. 3,541,698 shares of the company’s stock traded hands. Sanchez Energy Corp has a 52 week low of $5.64 and a 52 week high of $14.39. The company has a 50 day moving average of $9.54 and a 200-day moving average of $9.53. The company’s market capitalization is $449.01 million.

Sanchez Energy Corp (NYSE:SN) last announced its quarterly earnings results on Wednesday, February 22nd. The energy producer reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.06. The firm earned $126 million during the quarter, compared to the consensus estimate of $139.07 million. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 EPS. Equities research analysts predict that Sanchez Energy Corp will post $0.62 earnings per share for the current year.

Insider Buying and Selling by Quarter for Sanchez Energy Corp (NYSE:SN)

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A number of equities research analysts recently commented on the stock. KLR Group reissued a “buy” rating and issued a $18.00 price objective (up from $15.00) on shares of Sanchez Energy Corp in a research note on Friday, January 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $16.00 price objective (up from $14.00) on shares of Sanchez Energy Corp in a research note on Tuesday, January 24th. Canaccord Genuity reissued a “buy” rating and issued a $17.50 price objective on shares of Sanchez Energy Corp in a research note on Monday, February 6th. BMO Capital Markets reissued a “market perform” rating and issued a $14.00 price objective (up from $10.00) on shares of Sanchez Energy Corp in a research note on Monday, February 6th. Finally, FBR & Co increased their price objective on shares of Sanchez Energy Corp from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Monday, February 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Sanchez Energy Corp has an average rating of “Buy” and a consensus target price of $14.61.

Large investors have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its stake in shares of Sanchez Energy Corp by 13.6% in the fourth quarter. Franklin Resources Inc. now owns 175,044 shares of the energy producer’s stock valued at $1,581,000 after buying an additional 20,919 shares during the last quarter. Bogle Investment Management L P DE purchased a new stake in shares of Sanchez Energy Corp during the fourth quarter valued at approximately $5,248,000. State Street Corp boosted its stake in shares of Sanchez Energy Corp by 5.2% in the fourth quarter. State Street Corp now owns 3,357,476 shares of the energy producer’s stock valued at $30,321,000 after buying an additional 165,627 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Sanchez Energy Corp by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 1,060,800 shares of the energy producer’s stock valued at $9,378,000 after buying an additional 14,336 shares during the last quarter. Finally, Oxford Asset Management purchased a new stake in shares of Sanchez Energy Corp during the fourth quarter valued at approximately $1,081,000. 60.56% of the stock is owned by institutional investors and hedge funds.

About Sanchez Energy Corp

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.

5 Day Chart for NYSE:SN

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