Sanchez Energy Corporation (NYSE:SN)’s share price traded down 1.8% during trading on Tuesday . The stock traded as low as $4.43 and last traded at $4.88. 1,878,900 shares traded hands during trading, a decline of 48% from the average session volume of 3,643,056 shares. The stock had previously closed at $4.97.
Several equities analysts have commented on the company. Piper Jaffray Companies reissued a “hold” rating and set a $6.00 price objective on shares of Sanchez Energy Corporation in a research report on Sunday, October 22nd. Zacks Investment Research lowered Sanchez Energy Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. SunTrust Banks, Inc. reissued a “hold” rating and set a $5.00 price objective on shares of Sanchez Energy Corporation in a research report on Friday, October 20th. BMO Capital Markets set a $5.00 price target on Sanchez Energy Corporation and gave the company a “hold” rating in a report on Tuesday, October 10th. Finally, Stifel Nicolaus set a $5.00 price target on Sanchez Energy Corporation and gave the company a “hold” rating in a report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $10.44.
The company has a debt-to-equity ratio of -3.72, a quick ratio of 0.88 and a current ratio of 0.88.
In other Sanchez Energy Corporation news, VP Howard J. Sr Thill, Sr. sold 16,499 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $4.27, for a total transaction of $70,450.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Patricio D. Sanchez purchased 320,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were purchased at an average price of $4.55 per share, with a total value of $1,456,000.00. Following the completion of the purchase, the insider now owns 473,485 shares in the company, valued at $2,154,356.75. The disclosure for this purchase can be found here. Insiders purchased a total of 742,000 shares of company stock valued at $3,379,220 over the last quarter. 14.70% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC grew its stake in shares of Sanchez Energy Corporation by 180.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 21,841 shares of the energy producer’s stock valued at $105,000 after purchasing an additional 14,044 shares during the period. Kalos Management Inc. bought a new stake in shares of Sanchez Energy Corporation during the 3rd quarter valued at about $138,000. Dimensional Fund Advisors LP bought a new stake in shares of Sanchez Energy Corporation during the 3rd quarter valued at about $1,305,000. Schwab Charles Investment Management Inc. grew its stake in shares of Sanchez Energy Corporation by 4.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 315,703 shares of the energy producer’s stock valued at $1,522,000 after purchasing an additional 14,236 shares during the period. Finally, SG Capital Management LLC bought a new stake in shares of Sanchez Energy Corporation during the 3rd quarter valued at about $1,958,000. Institutional investors and hedge funds own 67.54% of the company’s stock.
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Sanchez Energy Corporation 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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