Sanchez Energy (SN) Raised to “Sell” at ValuEngine

ValuEngine upgraded shares of Sanchez Energy (NYSE:SN) from a strong sell rating to a sell rating in a research report sent to investors on Wednesday, May 2nd.

A number of other analysts have also recently commented on the company. Stifel Nicolaus set a $3.00 price objective on Sanchez Energy and gave the company a hold rating in a research report on Wednesday, March 28th. SunTrust Banks reissued a hold rating and set a $4.00 price objective on shares of Sanchez Energy in a research note on Monday, February 26th. Stephens reissued a hold rating and set a $4.00 price objective on shares of Sanchez Energy in a research note on Tuesday, April 24th. Northland Securities lowered Sanchez Energy from an outperform rating to a market perform rating and set a $20.00 price target on the stock. in a research note on Tuesday, February 27th. Finally, Zacks Investment Research downgraded Sanchez Energy from a buy rating to a hold rating in a report on Saturday, January 13th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $4.78.

Shares of Sanchez Energy stock opened at $4.12 on Wednesday. Sanchez Energy has a 12 month low of $3.68 and a 12 month high of $3.85. The firm has a market cap of $322.80 million, a PE ratio of -12.88 and a beta of 1.77. The company has a debt-to-equity ratio of -5.07, a quick ratio of 1.45 and a current ratio of 1.45.

Sanchez Energy (NYSE:SN) last issued its quarterly earnings results on Tuesday, May 8th. The energy producer reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.21). The business had revenue of $251.00 million during the quarter, compared to analyst estimates of $243.60 million. Sanchez Energy had a negative return on equity of 13.00% and a negative net margin of 7.54%. Sanchez Energy’s revenue was up 87.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.18) EPS. sell-side analysts predict that Sanchez Energy will post 0.67 earnings per share for the current year.

In related news, Chairman Antonio R. Sanchez, Jr. sold 19,618 shares of Sanchez Energy stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $2.98, for a total value of $58,461.64. Following the transaction, the chairman now owns 1,826,190 shares in the company, valued at $5,442,046.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Antonio R. Sanchez, Jr. sold 72,307 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $3.38, for a total value of $244,397.66. Following the transaction, the insider now owns 1,969,498 shares in the company, valued at approximately $6,656,903.24. The disclosure for this sale can be found here. Insiders sold a total of 164,291 shares of company stock valued at $539,272 over the last ninety days. 14.70% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC increased its position in shares of Sanchez Energy by 180.1% during the third quarter. Cubist Systematic Strategies LLC now owns 21,841 shares of the energy producer’s stock worth $105,000 after acquiring an additional 14,044 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Sanchez Energy during the fourth quarter worth about $131,000. IFP Advisors Inc increased its holdings in Sanchez Energy by 71.9% in the fourth quarter. IFP Advisors Inc now owns 26,350 shares of the energy producer’s stock valued at $140,000 after buying an additional 11,025 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in Sanchez Energy in the fourth quarter valued at about $177,000. Finally, Engineers Gate Manager LP bought a new stake in Sanchez Energy in the fourth quarter valued at about $234,000. 56.00% of the stock is currently owned by institutional investors and hedge funds.

About Sanchez Energy

Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition and development of U.S. onshore unconventional oil and natural gas resources. It engages in the horizontal development of resources from the Eagle Ford Shale in South Texas. It also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Sanchez Energy (NYSE:SN)

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