Todays Report: Today, The Zacks Investment Research Upgraded Sanchez Energy Corp. (SN) to “Buy”

Today, The Zacks Investment Research Upgraded Sanchez Energy Corp. (SN) to “Buy”

Sanchez Energy Corp. (NYSE:SN) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $8.75 target price on the stock. Zacks Investment Research’s price target would suggest a potential upside of 7.23% from the stock’s current price.

According to Zacks, “Sanchez Energy Corporation is an independent oil and gas exploration and development company focused on the exploration, acquisition and development of unconventional oil and natural gas resources, primarily in the Eagle Ford Shale in South Texas. Sanchez Energy Corporation is headquartered in Houston, Texas. “

Several other brokerages also recently issued reports on SN. KLR Group downgraded shares of Sanchez Energy Corp. from a “buy” rating to an “accumulate” rating and set a $10.00 price objective for the company. in a research report on Friday, August 19th. Vetr downgraded shares of Sanchez Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $9.00 price objective for the company. in a research report on Friday, August 12th. National Securities increased their price objective on shares of Sanchez Energy Corp. from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Tuesday, August 9th. Credit Suisse Group AG downgraded shares of Sanchez Energy Corp. from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $10.00 to $8.00 in a research report on Thursday, October 13th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $10.00 price objective (down previously from $12.00) on shares of Sanchez Energy Corp. in a research report on Tuesday, November 8th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $7.70.

Shares of Sanchez Energy Corp. (NYSE:SN) opened at 8.16 on Wednesday. The stock’s market cap is $483.28 million. Sanchez Energy Corp. has a 52-week low of $2.06 and a 52-week high of $9.83. The company has a 50-day moving average of $7.26 and a 200 day moving average of $7.68.

Sanchez Energy Corp. (NYSE:SN) last posted its quarterly earnings results on Monday, November 7th. The company reported ($1.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $1.22. The company had revenue of $114.81 million for the quarter, compared to analysts’ expectations of $133.94 million. During the same quarter last year, the firm earned ($7.33) EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Equities research analysts forecast that Sanchez Energy Corp. will post ($0.24) EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of SN. Cambridge Investment Research Advisors Inc. boosted its stake in Sanchez Energy Corp. by 8.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 24,650 shares of the company’s stock worth $174,000 after buying an additional 1,900 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in Sanchez Energy Corp. during the second quarter worth about $1,792,000. Societe Generale bought a new stake in Sanchez Energy Corp. during the second quarter worth about $101,000. Quantitative Investment Management LLC boosted its stake in Sanchez Energy Corp. by 4.7% in the second quarter. Quantitative Investment Management LLC now owns 33,200 shares of the company’s stock worth $234,000 after buying an additional 1,500 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in Sanchez Energy Corp. by 317.2% in the second quarter. Quantbot Technologies LP now owns 27,097 shares of the company’s stock worth $191,000 after buying an additional 20,602 shares during the last quarter. Institutional investors own 57.01% 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 unconventional oil and natural gas resources in the onshore United States Gulf Coast. The Company focuses on the Eagle Ford Shale in South Texas and the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.

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