Zacks Investment Research Lowers Sanchez Energy (SN) to Hold

Zacks Investment Research downgraded shares of Sanchez Energy (NYSE:SN) from a buy rating to a hold rating in a report issued on Saturday.

According to Zacks, “Sanchez Energy Corporation is an independent oil and gas exploration and development company focused on the exploration, acquisition and development of unconventional oil and natural gas resources, primarily in the Eagle Ford Shale in South Texas. Sanchez Energy Corporation is headquartered in Houston, Texas. “

A number of other analysts have also recently commented on SN. Piper Jaffray Companies restated a hold rating and set a $8.00 price target on shares of Sanchez Energy in a research note on Tuesday, January 9th. SunTrust Banks restated a hold rating and set a $5.00 price target on shares of Sanchez Energy in a research note on Friday, October 20th. BMO Capital Markets set a $5.00 target price on shares of Sanchez Energy and gave the stock a hold rating in a research note on Tuesday, November 14th. Seaport Global Securities upgraded shares of Sanchez Energy from a sell rating to a neutral rating and set a $4.50 target price on the stock in a research note on Wednesday, October 4th. Finally, Northland Securities set a $6.00 target price on shares of Sanchez Energy and gave the stock a buy rating in a research note on Monday, December 11th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $9.62.

Shares of Sanchez Energy (SN) opened at $5.99 on Friday. The company has a market cap of $503.93, a P/E ratio of 21.39 and a beta of 1.72. 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 has a 52 week low of $3.58 and a 52 week high of $14.39.

Sanchez Energy (NYSE:SN) last announced its quarterly earnings results on Thursday, November 2nd. The energy producer reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.07. research analysts predict that Sanchez Energy will post -0.99 earnings per share for the current fiscal year.

In related news, COO Christopher Heinson sold 19,903 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $5.22, for a total transaction of $103,893.66. Following the transaction, the chief operating officer now owns 579,022 shares of the company’s stock, valued at approximately $3,022,494.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Eduardo Augusto Sanchez sold 250,337 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $4.66, for a total transaction of $1,166,570.42. Following the transaction, the insider now directly owns 985,644 shares in the company, valued at approximately $4,593,101.04. The disclosure for this sale can be found here. Insiders sold a total of 605,022 shares of company stock worth $2,880,942 in the last three months. Insiders own 14.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC grew its holdings in shares of Sanchez Energy by 180.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 21,841 shares of the energy producer’s stock valued at $105,000 after purchasing an additional 14,044 shares during the last quarter. Capital Fund Management S.A. bought a new position in shares of Sanchez Energy during the 2nd quarter valued at $174,000. Cambridge Investment Research Advisors Inc. grew its holdings in Sanchez Energy by 6.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 25,400 shares of the energy producer’s stock worth $182,000 after acquiring an additional 1,650 shares during the last quarter. Kalos Management Inc. bought a new stake in Sanchez Energy in the 3rd quarter worth $138,000. Finally, Voya Investment Management LLC grew its holdings in Sanchez Energy by 16.8% in the 2nd quarter. Voya Investment Management LLC now owns 33,214 shares of the energy producer’s stock worth $238,000 after acquiring an additional 4,770 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.

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