Sanchez Energy Corp (NYSE:SN) COO Christopher Heinson sold 35,170 shares of the business’s stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $8.31, for a total transaction of $292,262.70. Following the sale, the chief operating officer now directly owns 621,655 shares in the company, valued at approximately $5,165,953.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Sanchez Energy Corp (NYSE:SN) traded down 0.66% on Thursday, reaching $7.53. 3,541,698 shares of the company traded hands. The firm’s market capitalization is $449.01 million. Sanchez Energy Corp has a 1-year low of $5.64 and a 1-year high of $14.39. The stock has a 50-day moving average price of $9.54 and a 200 day moving average price of $9.53.
Sanchez Energy Corp (NYSE:SN) last issued its quarterly earnings data on Wednesday, February 22nd. The energy producer reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. The business earned $126 million during the quarter, compared to analysts’ expectations of $139.07 million. During the same period in the previous year, the business earned $0.04 earnings per share. The business’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts anticipate that Sanchez Energy Corp will post $0.53 EPS for the current fiscal year.
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Several institutional investors have recently modified their holdings of SN. Franklin Resources Inc. boosted its position 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 worth $1,581,000 after buying an additional 20,919 shares during the last quarter. Bogle Investment Management L P DE acquired a new position in shares of Sanchez Energy Corp during the fourth quarter worth approximately $5,248,000. State Street Corp boosted its position 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 worth $30,321,000 after buying an additional 165,627 shares during the last quarter. JPMorgan Chase & Co. boosted its position 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 worth $9,378,000 after buying an additional 14,336 shares during the last quarter. Finally, Oxford Asset Management acquired a new position in shares of Sanchez Energy Corp during the fourth quarter worth approximately $1,081,000. 60.56% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on SN shares. Zacks Investment Research cut shares of Sanchez Energy Corp from a “buy” rating to a “hold” rating in a report on Wednesday, December 28th. Royal Bank of Canada reissued a “buy” rating and set a $11.00 target price on shares of Sanchez Energy Corp in a report on Tuesday, January 3rd. BMO Capital Markets reissued a “hold” rating and set a $10.00 target price on shares of Sanchez Energy Corp in a report on Wednesday, January 11th. Canaccord Genuity set a $11.00 target price on shares of Sanchez Energy Corp and gave the company a “buy” rating in a report on Thursday, January 12th. Finally, KLR Group raised shares of Sanchez Energy Corp from a “hold” rating to a “buy” rating in a report on Friday, January 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $14.61.
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.
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