Credit Suisse AG increased its position in Sanchez Energy Corporation (NYSE:SN) by 25.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 189,545 shares of the energy producer’s stock after buying an additional 38,166 shares during the period. Credit Suisse AG’s holdings in Sanchez Energy Corporation were worth $1,809,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in SN. Sheaff Brock Investment Advisors LLC bought a new stake in Sanchez Energy Corporation during the first quarter worth approximately $231,000. Oxford Asset Management boosted its stake in Sanchez Energy Corporation by 1.9% in the first quarter. Oxford Asset Management now owns 122,033 shares of the energy producer’s stock worth $1,164,000 after buying an additional 2,273 shares in the last quarter. Teachers Advisors LLC boosted its stake in Sanchez Energy Corporation by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 93,395 shares of the energy producer’s stock worth $843,000 after buying an additional 2,646 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Sanchez Energy Corporation by 3.0% in the first quarter. JPMorgan Chase & Co. now owns 1,092,226 shares of the energy producer’s stock worth $10,420,000 after buying an additional 32,287 shares in the last quarter. Finally, Blackstone Group L.P. bought a new stake in Sanchez Energy Corporation during the first quarter worth approximately $18,651,000. 76.19% of the stock is owned by institutional investors and hedge funds.
Sanchez Energy Corporation (SN) traded down 5.92% during mid-day trading on Friday, hitting $4.61. 1,358,664 shares of the stock traded hands. The firm’s 50-day moving average is $6.07 and its 200-day moving average is $8.49. Sanchez Energy Corporation has a 12-month low of $4.38 and a 12-month high of $14.39. The company’s market cap is $352.18 million.
Sanchez Energy Corporation (NYSE:SN) last issued its quarterly earnings results on Wednesday, August 9th. The energy producer reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.18. The firm had revenue of $175.70 million for the quarter, compared to analyst estimates of $178.97 million. Sanchez Energy Corporation’s quarterly revenue was up 58.3% on a year-over-year basis. During the same period in the previous year, the business posted ($3.20) EPS. Equities research analysts expect that Sanchez Energy Corporation will post ($0.48) EPS for the current year.
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A number of analysts have recently commented on SN shares. Zacks Investment Research cut shares of Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a research note on Friday, April 14th. Capital One Financial Corporation cut shares of Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $13.00 price objective (down previously from $14.00) on shares of Sanchez Energy Corporation in a research note on Thursday, May 18th. BidaskClub cut shares of Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, KLR Group reaffirmed a “buy” rating and set a $10.00 price objective (down previously from $12.00) on shares of Sanchez Energy Corporation in a research note on Wednesday, May 17th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Sanchez Energy Corporation currently has an average rating of “Hold” and a consensus target price of $12.35.
In other news, Director Greg Colvin purchased 20,000 shares of the stock in a transaction dated Friday, May 19th. The stock was acquired at an average cost of $6.75 per share, for a total transaction of $135,000.00. Following the completion of the acquisition, the director now directly owns 92,151 shares in the company, valued at approximately $622,019.25. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Kirsten A. Hink sold 36,088 shares of Sanchez Energy Corporation stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $5.04, for a total transaction of $181,883.52. Following the sale, the chief accounting officer now owns 178,390 shares of the company’s stock, valued at $899,085.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,926 shares of company stock valued at $438,989. Insiders own 14.70% of the company’s stock.
About Sanchez Energy Corporation
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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