Q2 2017 EPS Estimates for Sanchez Energy Corporation (SN) Cut by Analyst

Sanchez Energy Corporation (NYSE:SN) – Research analysts at Capital One Financial Corporation decreased their Q2 2017 earnings estimates for Sanchez Energy Corporation in a research note issued on Wednesday. Capital One Financial Corporation analyst P. Johnston now forecasts that the energy producer will earn $0.02 per share for the quarter, down from their previous forecast of $0.16. Capital One Financial Corporation currently has a “Underweight” rating on the stock. Capital One Financial Corporation also issued estimates for Sanchez Energy Corporation’s Q3 2017 earnings at $0.25 EPS and FY2018 earnings at $1.92 EPS.

Several other analysts have also recently weighed in on SN. Royal Bank Of Canada set a $13.00 price target on Sanchez Energy Corporation and gave the company a “buy” rating in a report on Saturday, June 24th. BidaskClub lowered Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Sanchez Energy Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 13th. BMO Capital Markets restated a “hold” rating and set a $5.00 price target on shares of Sanchez Energy Corporation in a research report on Tuesday, June 27th. Finally, Seaport Global Securities lowered Sanchez Energy Corporation from a “buy” rating to a “sell” rating and reduced their price target for the stock from $15.00 to $5.00 in a research report on Wednesday, June 21st. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Sanchez Energy Corporation currently has a consensus rating of “Hold” and a consensus price target of $12.35.

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Sanchez Energy Corporation (NYSE:SN) opened at 5.64 on Monday. The company has a 50 day moving average price of $6.57 and a 200-day moving average price of $8.87. The company’s market cap is $428.25 million. Sanchez Energy Corporation has a 12 month low of $5.25 and a 12 month high of $14.39.

Sanchez Energy Corporation (NYSE:SN) last posted its earnings results on Tuesday, May 9th. The energy producer reported ($1.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.84. The firm had revenue of $133.80 million during the quarter, compared to the consensus estimate of $128.68 million. During the same period in the prior year, the company earned ($0.30) earnings per share. The business’s quarterly revenue was up 67.7% on a year-over-year basis.

A number of hedge funds have recently bought and sold shares of SN. Canada Pension Plan Investment Board raised its stake in Sanchez Energy Corporation by 5.3% in the first quarter. Canada Pension Plan Investment Board now owns 18,000 shares of the energy producer’s stock worth $172,000 after buying an additional 900 shares in the last quarter. Oxford Asset Management raised its stake in shares of Sanchez Energy Corporation by 1.9% in the first quarter. Oxford Asset Management now owns 122,033 shares of the energy producer’s stock valued at $1,164,000 after buying an additional 2,273 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Sanchez Energy Corporation by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 93,395 shares of the energy producer’s stock valued at $843,000 after buying an additional 2,646 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of Sanchez Energy Corporation by 7.4% in the second quarter. Stratos Wealth Partners LTD. now owns 40,835 shares of the energy producer’s stock valued at $293,000 after buying an additional 2,800 shares in the last quarter. Finally, Mackay Shields LLC raised its stake in shares of Sanchez Energy Corporation by 25.4% in the second quarter. Mackay Shields LLC now owns 16,611 shares of the energy producer’s stock valued at $119,000 after buying an additional 3,362 shares in the last quarter. Institutional investors own 76.17% of the company’s stock.

In other news, Director Greg Colvin acquired 18,704 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average price of $6.71 per share, with a total value of $125,503.84. Following the completion of the purchase, the director now directly owns 67,151 shares in the company, valued at $450,583.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas Brian Carney sold 10,204 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $6.19, for a total value of $63,162.76. Following the completion of the transaction, the director now directly owns 68,423 shares in the company, valued at approximately $423,538.37. The disclosure for this sale can be found here. Insiders own 14.70% 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 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.

Earnings History and Estimates for Sanchez Energy Corporation (NYSE:SN)

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