Sanchez Energy (SN) Given “Hold” Rating at Piper Jaffray Companies

Sanchez Energy (NYSE:SN)‘s stock had its “hold” rating reaffirmed by equities researchers at Piper Jaffray Companies in a report issued on Tuesday. They presently have a $8.00 price target on the energy producer’s stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 36.99% from the stock’s current price.

Several other analysts have also issued reports on SN. SunTrust Banks reaffirmed a “hold” rating and set a $5.00 price target on shares of Sanchez Energy in a research report on Friday, October 20th. BMO Capital Markets set a $5.00 price target on shares of Sanchez Energy and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised shares of Sanchez Energy from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research report on Wednesday, December 27th. Seaport Global Securities raised shares of Sanchez Energy from a “sell” rating to a “neutral” rating and set a $4.50 price target on the stock in a research report on Wednesday, October 4th. Finally, Northland Securities set a $6.00 price target on shares of Sanchez Energy and gave the stock a “buy” rating in a research report on Monday, December 11th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $9.62.

Sanchez Energy (NYSE SN) traded up $0.24 during midday trading on Tuesday, reaching $5.84. 5,530,000 shares of the company’s stock traded hands, compared to its average volume of 3,010,000. The company has a debt-to-equity ratio of -3.72, a current ratio of 0.88 and a quick ratio of 0.88. Sanchez Energy has a 1 year low of $3.58 and a 1 year high of $14.39. The company has a market capitalization of $491.31, a price-to-earnings ratio of 20.86 and a beta of 1.72.

In other news, VP Gregory B. Kopel sold 7,960 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $5.61, for a total value of $44,655.60. Following the transaction, the vice president now directly owns 109,488 shares of the company’s stock, valued at $614,227.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kirsten A. Hink sold 9,949 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $5.22, for a total transaction of $51,933.78. Following the completion of the transaction, the chief accounting officer now directly owns 157,261 shares in the company, valued at $820,902.42. The disclosure for this sale can be found here. Insiders sold 605,022 shares of company stock worth $2,880,942 over the last three months. Insiders own 14.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Sanchez Energy by 0.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 50,374 shares of the energy producer’s stock valued at $362,000 after purchasing an additional 231 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Sanchez Energy by 6.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 25,400 shares of the energy producer’s stock valued at $182,000 after acquiring an additional 1,650 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Sanchez Energy by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 301,467 shares of the energy producer’s stock valued at $2,165,000 after acquiring an additional 3,725 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Sanchez Energy by 16.8% in the second quarter. Voya Investment Management LLC now owns 33,214 shares of the energy producer’s stock valued at $238,000 after acquiring an additional 4,770 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Sanchez Energy by 2.2% in the second quarter. California Public Employees Retirement System now owns 294,800 shares of the energy producer’s stock valued at $2,117,000 after acquiring an additional 6,400 shares in the last quarter. 59.05% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: This report was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.com-unik.info/2018/01/11/sanchez-energy-sn-given-hold-rating-at-piper-jaffray-companies.html.

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.

Analyst Recommendations for Sanchez Energy (NYSE:SN)

Receive News & Ratings for Sanchez Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanchez Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit