Trading Report: The Sanchez Energy Corp. (SN) gets “Sell” status at Zacks Investment Research

The Sanchez Energy Corp. (SN) gets “Sell” status at Zacks Investment Research

Zacks Investment Research lowered shares of Sanchez Energy Corp. (NYSE:SN) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

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. “

Other equities research analysts have also recently issued research reports about the company. KLR Group cut Sanchez Energy Corp. from a buy rating to an accumulate rating and set a $10.00 price objective for the company. in a research note on Friday, August 19th. Vetr cut Sanchez Energy Corp. from a strong-buy rating to a buy rating and set a $9.00 price target for the company. in a research note on Friday, August 12th. National Securities upped their price target on Sanchez Energy Corp. from $9.00 to $11.00 and gave the stock a buy rating in a research note on Tuesday, August 9th. FBR & Co restated a buy rating on shares of Sanchez Energy Corp. in a research note on Wednesday, July 20th. Finally, Piper Jaffray Cos. restated a neutral rating and set a $8.00 price target on shares of Sanchez Energy Corp. in a research note on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $8.03.

Sanchez Energy Corp. (NYSE:SN) opened at 8.00 on Tuesday. Sanchez Energy Corp. has a one year low of $2.06 and a one year high of $9.83. The firm has a 50-day moving average of $8.59 and a 200 day moving average of $7.68. The stock’s market capitalization is $468.54 million.

Sanchez Energy Corp. (NYSE:SN) last announced its quarterly earnings results on Monday, August 8th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by $3.11. The company earned $111 million during the quarter, compared to analysts’ expectations of $121.61 million. During the same period last year, the business earned ($0.43) earnings per share. On average, equities research analysts anticipate that Sanchez Energy Corp. will post ($0.23) earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of SN. Vanguard Group Inc. raised its stake in 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. State Street Corp raised its stake in 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. Allianz Asset Management AG raised its stake in Sanchez Energy Corp. by 6.7% in the second quarter. Allianz Asset Management AG now owns 1,752,600 shares of the company’s stock worth $12,374,000 after buying an additional 110,415 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Sanchez Energy Corp. by 1.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,423,083 shares of the company’s stock worth $10,047,000 after buying an additional 20,304 shares during the last quarter. Finally, BlackRock Fund Advisors raised its stake in Sanchez Energy Corp. by 1.9% in the second quarter. BlackRock Fund Advisors now owns 1,301,245 shares of the company’s stock worth $9,187,000 after buying an additional 24,502 shares during the last quarter. 58.86% of the stock is currently 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 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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