Todays Report: Today, FBR & Co Reaffirmed “Outperform” Rating for Sanchez Energy Corp. (SN)

Today, FBR & Co Reaffirmed “Outperform” Rating for Sanchez Energy Corp. (SN)

Sanchez Energy Corp. (NYSE:SN)‘s stock had its “outperform” rating reiterated by equities research analysts at FBR & Co in a note issued to investors on Tuesday. They presently have a $10.00 price objective on the stock, down from their prior price objective of $12.00. FBR & Co’s target price suggests a potential upside of 29.03% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Sanchez Energy Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. KLR Group downgraded shares of Sanchez Energy Corp. from a “buy” rating to an “accumulate” rating and set a $10.00 price target on the stock. in a report on Friday, August 19th. Credit Suisse Group AG downgraded shares of Sanchez Energy Corp. from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $10.00 to $8.00 in a report on Thursday, October 13th. Vetr downgraded shares of Sanchez Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $9.00 price target on the stock. in a report on Friday, August 12th. Finally, National Securities increased their price target on shares of Sanchez Energy Corp. from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Sanchez Energy Corp. presently has an average rating of “Hold” and an average price target of $7.70.

Sanchez Energy Corp. (NYSE:SN) traded down 5.02% during midday trading on Tuesday, reaching $7.75. 1,159,033 shares of the company traded hands. The stock’s 50 day moving average is $7.20 and its 200 day moving average is $7.68. Sanchez Energy Corp. has a one year low of $2.06 and a one year high of $9.83. The company’s market capitalization is $459.00 million.

Sanchez Energy Corp. (NYSE:SN) last released its quarterly earnings data 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 business had revenue of $114.81 million for the quarter, compared to analyst estimates of $133.94 million. The firm’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($7.33) earnings per share. On average, equities analysts anticipate that Sanchez Energy Corp. will post ($0.24) earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Sanchez Energy Corp. by 223.8% in the second quarter. State Street Corp now owns 3,104,251 shares of the company’s stock worth $21,919,000 after buying an additional 2,145,465 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Sanchez Energy Corp. by 315,100.0% in the second quarter. JPMorgan Chase & Co. now owns 1,046,464 shares of the company’s stock worth $7,388,000 after buying an additional 1,046,132 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Sanchez Energy Corp. by 28.0% in the second quarter. Vanguard Group Inc. now owns 4,401,736 shares of the company’s stock worth $31,076,000 after buying an additional 961,712 shares during the last quarter. Northpointe Capital LLC raised its stake in shares of Sanchez Energy Corp. by 798.3% in the third quarter. Northpointe Capital LLC now owns 628,432 shares of the company’s stock worth $5,555,000 after buying an additional 558,471 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Sanchez Energy Corp. during the first quarter worth approximately $2,856,000. 57.01% of the stock is owned by hedge funds and other institutional investors.

About Sanchez Energy Corp.

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