Sanchez Energy (SN) Downgraded by Zacks Investment Research to Hold

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

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. “

Several other research firms also recently weighed in on SN. Piper Jaffray Companies reiterated a hold rating and set a $8.00 target price on shares of Sanchez Energy in a research report on Tuesday, January 9th. Stifel Nicolaus set a $5.00 target price on Sanchez Energy and gave the stock a hold rating in a research report on Thursday, October 5th. Northland Securities set a $6.00 target price on Sanchez Energy and gave the stock a buy rating in a research report on Monday, December 11th. Seaport Global Securities upgraded Sanchez Energy from a sell rating to a neutral rating and set a $4.50 target price on the stock in a research report on Wednesday, October 4th. Finally, JPMorgan Chase & Co. began coverage on Sanchez Energy in a research report on Friday, September 15th. They set a neutral rating on the stock. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Sanchez Energy currently has a consensus rating of Hold and a consensus target price of $9.62.

Shares of Sanchez Energy (NYSE:SN) opened at $5.65 on Friday. 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 12-month low of $3.58 and a 12-month high of $14.39. The stock has a market capitalization of $503.93, a price-to-earnings ratio of 113.00 and a beta of 1.72.

Sanchez Energy (NYSE:SN) last issued its quarterly earnings data on Thursday, November 2nd. The energy producer reported ($0.12) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.07. sell-side analysts anticipate that Sanchez Energy will post -0.99 EPS for the current fiscal year.

In other Sanchez Energy news, insider Eduardo Augusto Sanchez sold 250,337 shares of the company’s stock in a transaction dated Thursday, December 13th. The stock was sold at an average price of $4.66, for a total transaction of $1,166,570.42. Following the completion of the sale, the insider now directly owns 985,644 shares in the company, valued at $4,593,101.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Antonio R. Sanchez, Jr. sold 66,536 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $5.22, for a total value of $347,317.92. Following the sale, the chairman now owns 1,642,316 shares of the company’s stock, valued at $8,572,889.52. The disclosure for this sale can be found here. Insiders have sold 605,022 shares of company stock valued at $2,880,942 over the last 90 days. 14.70% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Sanchez Energy in the second quarter valued at about $32,388,000. State Street Corp grew its stake in shares of Sanchez Energy by 50.0% in the second quarter. State Street Corp now owns 7,343,314 shares of the energy producer’s stock valued at $52,727,000 after buying an additional 2,446,795 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Sanchez Energy by 4.9% in the second quarter. Vanguard Group Inc. now owns 12,127,552 shares of the energy producer’s stock valued at $87,076,000 after buying an additional 569,664 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Sanchez Energy by 44.9% in the third 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. Finally, Janus Henderson Group PLC grew its stake in shares of Sanchez Energy by 92.9% in the second quarter. Janus Henderson Group PLC now owns 919,011 shares of the energy producer’s stock valued at $6,598,000 after buying an additional 442,499 shares in the last quarter. Institutional investors own 59.05% of the company’s stock.

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About Sanchez Energy

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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