The Sanchez Energy Corporation (SN) Receives $14.03 Consensus PT from Brokerages, Report finds

The Sanchez Energy Corporation (SN) Receives $14.03 Consensus PT from Brokerages, Report finds

Several analysts have weighed in on the company. KLR Group reaffirmed a “buy” rating and issued a $18.00 price target (up previously from $15.00) on shares of Sanchez Energy Corporation in a report on Friday, January 27th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $16.00 price target (up previously from $14.00) on shares of Sanchez Energy Corporation in a report on Tuesday, January 24th. FBR & Co raised their price target on Sanchez Energy Corporation from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Monday, February 6th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $14.00 price target (up previously from $10.00) on shares of Sanchez Energy Corporation in a report on Monday, February 6th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $17.50 price target on shares of Sanchez Energy Corporation in a report on Monday, February 6th.

Shares of Sanchez Energy Corporation (NYSE:SN) have received an average recommendation of “Buy” from the seventeen research firms that are currently covering the stock. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $14.03.

Sanchez Energy Corporation (NYSE:SN) opened at 12.81 on Wednesday. The company has a 50 day moving average price of $11.54 and a 200-day moving average price of $8.83. The firm’s market capitalization is $758.69 million. Sanchez Energy Corporation has a 1-year low of $2.59 and a 1-year high of $14.39.

In related news, VP Gregory B. Kopel sold 7,522 shares of the firm’s stock in a transaction that occurred on Thursday, January 5th. The stock was sold at an average price of $9.38, for a total transaction of $70,556.36. Following the transaction, the vice president now directly owns 67,448 shares in the company, valued at approximately $632,662.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Christopher Heinson sold 22,912 shares of the firm’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $8.70, for a total value of $199,334.40. Following the transaction, the chief operating officer now owns 582,265 shares in the company, valued at $5,065,705.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 210,741 shares of company stock worth $1,838,562. 15.32% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Trexquant Investment LP bought a new position in Sanchez Energy Corporation during the fourth quarter valued at about $577,000. Oxford Asset Management acquired a new stake in shares of Sanchez Energy Corporation during the fourth quarter worth $1,081,000. State Street Corp raised its stake in shares of Sanchez Energy Corporation by 5.2% in the fourth quarter. State Street Corp now owns 3,357,476 shares of the company’s stock worth $30,321,000 after buying an additional 165,627 shares in the last quarter. Century Capital Management LLC raised its stake in shares of Sanchez Energy Corporation by 66.5% in the fourth quarter. Century Capital Management LLC now owns 422,642 shares of the company’s stock worth $3,816,000 after buying an additional 168,727 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Sanchez Energy Corporation during the fourth quarter worth $1,310,000. Institutional investors and hedge funds own 61.05% of the company’s stock.

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 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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