Nationwide Fund Advisors grew its position in shares of Sanchez Energy Corporation (NYSE:SN) by 111.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 99,301 shares of the energy producer’s stock after purchasing an additional 52,288 shares during the quarter. Nationwide Fund Advisors owned 0.13% of Sanchez Energy Corporation worth $713,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Mackay Shields LLC increased its position in shares of Sanchez Energy Corporation by 25.4% during the 2nd quarter. Mackay Shields LLC now owns 16,611 shares of the energy producer’s stock valued at $119,000 after purchasing an additional 3,362 shares during the period. Legal & General Group Plc increased its position in shares of Sanchez Energy Corporation by 27.4% during the 1st quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock valued at $165,000 after purchasing an additional 3,733 shares during the period. Driehaus Capital Management LLC acquired a new position in shares of Sanchez Energy Corporation during the 1st quarter valued at $166,000. Capital Fund Management S.A. acquired a new position in shares of Sanchez Energy Corporation during the 2nd quarter valued at $174,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Sanchez Energy Corporation by 6.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 25,400 shares of the energy producer’s stock valued at $182,000 after purchasing an additional 1,650 shares during the period. Institutional investors own 69.81% of the company’s stock.
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In related news, VP Howard J. Sr Thill, Sr. sold 16,499 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $4.27, for a total value of $70,450.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Patricio D. Sanchez acquired 320,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of $4.55 per share, with a total value of $1,456,000.00. Following the transaction, 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. In the last 90 days, insiders purchased 742,000 shares of company stock valued at $3,379,220 and sold 91,221 shares valued at $446,277. 14.70% of the stock is owned by corporate insiders.
Several brokerages have recently issued reports on SN. Stifel Nicolaus set a $5.00 price target on Sanchez Energy Corporation and gave the company a “hold” rating in a research report on Thursday, October 5th. Zacks Investment Research cut Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Capital One Financial Corporation cut Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 26th. J P Morgan Chase & Co began coverage on Sanchez Energy Corporation in a research report on Friday, September 15th. They set a “neutral” rating on the stock. Finally, ValuEngine cut Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Sanchez Energy Corporation presently has a consensus rating of “Hold” and a consensus price target of $10.44.
Shares of Sanchez Energy Corporation (NYSE SN) opened at 4.04 on Monday. Sanchez Energy Corporation has a 12 month low of $3.58 and a 12 month high of $14.39. The firm’s market cap is $309.64 million. The stock has a 50 day moving average price of $4.43 and a 200 day moving average price of $5.86.
Sanchez Energy Corporation (NYSE:SN) last released its quarterly earnings data on Wednesday, August 9th. The energy producer reported ($0.30) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.18). The company had revenue of $175.70 million for the quarter, compared to analyst estimates of $178.97 million. During the same period in the prior year, the company posted ($3.20) EPS. The firm’s quarterly revenue was up 58.3% compared to the same quarter last year. On average, equities research analysts expect that Sanchez Energy Corporation will post ($0.88) EPS for the current year.
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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