Sanchez Energy Corp (SN) COO Christopher Heinson Sells 19,903 Shares

Sanchez Energy Corp (NYSE:SN) COO Christopher Heinson sold 19,903 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $5.22, for a total transaction of $103,893.66. Following the completion of the sale, the chief operating officer now owns 579,022 shares in the company, valued at $3,022,494.84. The transaction was disclosed in a filing with the SEC, which is available through this link.

Sanchez Energy Corp (SN) traded up $0.48 during mid-day trading on Thursday, hitting $6.08. 1,927,770 shares of the company traded hands, compared to its average volume of 2,917,729. The company has a debt-to-equity ratio of -3.72, a quick ratio of 0.88 and a current ratio of 0.88. Sanchez Energy Corp has a 52 week low of $3.58 and a 52 week high of $14.39. The company has a market cap of $491.31, a price-to-earnings ratio of 21.71 and a beta of 1.72.

Several analysts have recently weighed in on the stock. Piper Jaffray Companies restated a “hold” rating and set a $8.00 price objective on shares of Sanchez Energy in a research report on Tuesday. SunTrust Banks restated a “hold” rating and set a $5.00 price objective on shares of Sanchez Energy in a research report on Friday, October 20th. BMO Capital Markets set a $5.00 price objective on shares of Sanchez Energy and gave the company a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded shares of Sanchez Energy from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Wednesday, December 27th. Finally, Seaport Global Securities upgraded shares of Sanchez Energy from a “sell” rating to a “neutral” rating and set a $4.50 price objective on the stock in a research report on Wednesday, October 4th. Four analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Sanchez Energy has an average rating of “Hold” and a consensus price target of $9.62.

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in shares of Sanchez Energy by 44.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,789,224 shares of the energy producer’s stock valued at $8,804,000 after purchasing an additional 554,240 shares during the last quarter. Baker Avenue Asset Management LP grew its holdings in Sanchez Energy by 41.1% in the 2nd quarter. Baker Avenue Asset Management LP now owns 160,856 shares of the energy producer’s stock worth $1,155,000 after acquiring an additional 46,841 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Sanchez Energy in the 2nd quarter worth $32,388,000. Nomura Holdings Inc. bought a new stake in Sanchez Energy in the 2nd quarter worth $359,000. Finally, Northern Trust Corp grew its holdings in Sanchez Energy by 13.9% in the 2nd quarter. Northern Trust Corp now owns 893,791 shares of the energy producer’s stock worth $6,417,000 after acquiring an additional 109,054 shares during the last quarter. 59.05% of the stock is currently owned by institutional investors.

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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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