Insider Selling: Sanchez Energy Corp (SN) CAO Sells 9,949 Shares of Stock

Sanchez Energy Corp (NYSE:SN) CAO Kirsten A. Hink sold 9,949 shares of the company’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $5.22, for a total value of $51,933.78. Following the completion of the sale, the chief accounting officer now owns 157,261 shares in the company, valued at $820,902.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sanchez Energy Corp (NYSE SN) traded up $0.49 during trading on Thursday, hitting $6.09. The stock had a trading volume of 2,403,455 shares, compared to its average volume of 2,917,729. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of -3.72. The company has a market capitalization of $491.31, a price-to-earnings ratio of 21.75 and a beta of 1.72. Sanchez Energy Corp has a twelve month low of $3.58 and a twelve month high of $14.39.

A number of equities research analysts have recently issued reports on the company. Seaport Global Securities upgraded Sanchez Energy from a “sell” rating to a “neutral” rating and set a $4.50 target price for the company in a research note on Wednesday, October 4th. Zacks Investment Research upgraded Sanchez Energy from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Wednesday, December 27th. BMO Capital Markets set a $5.00 target price on Sanchez Energy and gave the stock a “hold” rating in a report on Tuesday, October 10th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $6.00 target price (down previously from $14.00) on shares of Sanchez Energy in a report on Monday, September 18th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $5.00 target price on shares of Sanchez Energy in a report on Friday, October 20th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $9.62.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Sanchez Energy by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 12,127,552 shares of the energy producer’s stock worth $87,076,000 after buying an additional 569,664 shares in the last quarter. State Street Corp lifted its stake in shares of Sanchez Energy by 50.0% in the 2nd quarter. State Street Corp now owns 7,343,314 shares of the energy producer’s stock valued at $52,727,000 after purchasing an additional 2,446,795 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Sanchez Energy in the 2nd quarter valued at $32,388,000. Schroder Investment Management Group lifted its stake in shares of Sanchez Energy by 44.8% in the 2nd quarter. Schroder Investment Management Group now owns 1,894,000 shares of the energy producer’s stock valued at $13,504,000 after purchasing an additional 586,040 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Sanchez Energy by 44.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,224 shares of the energy producer’s stock valued at $8,804,000 after buying an additional 554,240 shares in the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.

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Sanchez Energy 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.

Insider Buying and Selling by Quarter for Sanchez Energy (NYSE:SN)

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