Zacks: Brokerages Expect Sanchez Energy Corp (SN) to Post -$0.23 EPS

Wall Street analysts expect Sanchez Energy Corp (NYSE:SN) to post earnings per share of ($0.23) for the current quarter, according to Zacks. Five analysts have issued estimates for Sanchez Energy Corp’s earnings. Sanchez Energy Corp posted earnings of ($0.36) per share in the same quarter last year, which suggests a positive year over year growth rate of 36.1%. The firm is expected to announce its next earnings report on Monday, May 8th.

According to Zacks, analysts expect that Sanchez Energy Corp will report full-year earnings of $0.38 per share for the current financial year. For the next financial year, analysts expect that the company will post earnings of $1.57 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Sanchez Energy Corp.

Sanchez Energy Corp (NYSE:SN) last issued its quarterly earnings results on Wednesday, February 22nd. The energy producer reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. The firm had revenue of $126 million for the quarter, compared to analyst estimates of $139.07 million. During the same quarter last year, the firm earned $0.04 earnings per share. The company’s revenue was up 14.8% compared to the same quarter last year.

Several brokerages have recently issued reports on SN. Piper Jaffray Companies raised shares of Sanchez Energy Corp from a “neutral” rating to an “overweight” rating and set a $17.00 price objective on the stock in a research note on Thursday, February 2nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $14.00 price objective (up previously from $10.00) on shares of Sanchez Energy Corp in a research note on Monday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $13.00 price objective (up previously from $11.00) on shares of Sanchez Energy Corp in a research note on Tuesday, January 17th. KLR Group reaffirmed a “buy” rating and issued a $18.00 price objective (up previously from $15.00) on shares of Sanchez Energy Corp in a research note on Friday, January 27th. Finally, FBR & Co lifted their price objective on shares of Sanchez Energy Corp from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Monday, February 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $14.61.

Shares of Sanchez Energy Corp (NYSE:SN) traded down 0.66% on Thursday, hitting $7.53. 3,541,698 shares of the stock were exchanged. The firm’s market cap is $449.01 million. The firm’s 50 day moving average price is $9.54 and its 200 day moving average price is $9.53. Sanchez Energy Corp has a one year low of $5.64 and a one year high of $14.39.

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In other Sanchez Energy Corp news, COO Christopher Heinson sold 35,170 shares of the firm’s stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $8.31, for a total value of $292,262.70. Following the completion of the transaction, the chief operating officer now directly owns 621,655 shares in the company, valued at $5,165,953.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Kirsten A. Hink sold 4,129 shares of the firm’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $8.31, for a total transaction of $34,311.99. Following the completion of the transaction, the chief accounting officer now owns 205,844 shares of the company’s stock, valued at $1,710,563.64. The disclosure for this sale can be found here. Company insiders own 15.32% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new position in shares of Sanchez Energy Corp during the third quarter valued at approximately $114,000. Mackay Shields LLC purchased a new position in shares of Sanchez Energy Corp during the first quarter valued at approximately $126,000. USA Financial Portformulas Corp purchased a new position in shares of Sanchez Energy Corp during the third quarter valued at approximately $169,000. Wexford Capital LP purchased a new position in shares of Sanchez Energy Corp during the fourth quarter valued at approximately $188,000. Finally, SECOR Capital Advisors LP purchased a new position in shares of Sanchez Energy Corp during the third quarter valued at approximately $222,000. Institutional investors own 60.56% of the company’s stock.

Sanchez Energy Corp Company Profile

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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