Sanchez Energy Corp. (SN) Downgraded by Zacks Investment Research

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Sanchez Energy Corp. (NYSE:SN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
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. “
Shares of Sanchez Energy Corp. (NYSE:SN) opened at 8.77 on Tuesday. Sanchez Energy Corp. has a one year low of $2.06 and a one year high of $9.83. The firm’s 50-day moving average price is $7.47 and its 200-day moving average price is $6.86. The company’s market capitalization is $513.63 million.

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Sanchez Energy Corp. (NYSE:SN) last posted its quarterly earnings results on Monday, August 8th. The company reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $3.11. The business had revenue of $111 million for the quarter, compared to analyst estimates of $121.61 million. During the same period last year, the firm posted ($0.43) EPS. Analysts anticipate that Sanchez Energy Corp. will post ($0.18) earnings per share for the current year.
Several large investors have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Sanchez Energy Corp. by 14.6% in the first quarter. State Street Corp now owns 958,786 shares of the company’s stock valued at $5,260,000 after buying an additional 121,815 shares during the period. Spark Investment Management LLC purchased a new stake in shares of Sanchez Energy Corp. during the first quarter valued at $3,861,000. Clearbridge LLC increased its stake in shares of Sanchez Energy Corp. by 50.6% in the fourth quarter. Clearbridge LLC now owns 680,010 shares of the company’s stock valued at $2,931,000 after buying an additional 228,610 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Sanchez Energy Corp. during the first quarter valued at $2,856,000. Finally, Credit Suisse AG increased its stake in shares of Sanchez Energy Corp. by 54.2% in the fourth quarter. Credit Suisse AG now owns 466,677 shares of the company’s stock valued at $2,012,000 after buying an additional 163,978 shares during the period.
Other analysts have also issued reports about the stock. KLR Group lowered shares of Sanchez Energy Corp. from a “buy” rating to an “accumulate” rating and set a $10.00 target price for the company. in a report on Friday, August 19th. FBR & Co reiterated a “buy” rating on shares of Sanchez Energy Corp. in a report on Tuesday, May 10th. Vetr lowered shares of Sanchez Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $9.00 target price for the company. in a report on Friday, August 12th. National Securities increased their target price 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. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Sanchez Energy Corp. in a report on Saturday, May 14th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.84.
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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