Sanchez Energy Corporation (NYSE:SN) – Investment analysts at Seaport Global Securities issued their Q2 2017 earnings per share estimates for shares of Sanchez Energy Corporation in a report issued on Monday. Seaport Global Securities analyst M. Kelly forecasts that the energy producer will post earnings per share of ($0.15) for the quarter. Seaport Global Securities has a “Sell” rating and a $5.00 price objective on the stock. Seaport Global Securities also issued estimates for Sanchez Energy Corporation’s Q3 2017 earnings at ($0.09) EPS, Q4 2017 earnings at $0.11 EPS, FY2017 earnings at ($0.80) EPS, Q1 2018 earnings at ($0.01) EPS, Q2 2018 earnings at ($0.04) EPS, Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.13 EPS and FY2018 earnings at $0.18 EPS.
Sanchez Energy Corporation (NYSE:SN) last posted its earnings results on Tuesday, May 9th. The energy producer reported ($1.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.84. The firm had revenue of $133.80 million for the quarter, compared to analysts’ expectations of $128.68 million. The company’s revenue was up 67.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.30) earnings per share. TRADEMARK VIOLATION WARNING: This piece of content was first reported by BNB Daily and is the sole property of of BNB Daily. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.baseball-news-blog.com/2017/08/19/sanchez-energy-corporation-expected-to-post-q2-2017-earnings-of-0-15-per-share-sn-updated.html.
A number of other analysts also recently weighed in on SN. Royal Bank Of Canada set a $13.00 target price on Sanchez Energy Corporation and gave the stock a “buy” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded Sanchez Energy Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub downgraded Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. BMO Capital Markets restated a “hold” rating and issued a $5.00 target price on shares of Sanchez Energy Corporation in a research report on Tuesday, June 27th. Finally, Capital One Financial Corporation downgraded Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Sanchez Energy Corporation has an average rating of “Hold” and a consensus price target of $12.35.
Sanchez Energy Corporation (NYSE SN) opened at 4.47 on Wednesday. The stock has a 50 day moving average of $6.35 and a 200-day moving average of $8.73. The company’s market cap is $339.41 million. Sanchez Energy Corporation has a 12-month low of $4.43 and a 12-month high of $14.39.
In other Sanchez Energy Corporation news, Director Thomas Brian Carney sold 10,204 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $6.19, for a total value of $63,162.76. Following the completion of the sale, the director now owns 68,423 shares in the company, valued at $423,538.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Kirsten A. Hink sold 36,088 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $5.04, for a total value of $181,883.52. Following the completion of the sale, the chief accounting officer now owns 178,390 shares of the company’s stock, valued at approximately $899,085.60. The disclosure for this sale can be found here. Insiders sold 84,926 shares of company stock valued at $438,989 in the last quarter. Corporate insiders own 14.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board increased its position in shares of Sanchez Energy Corporation by 5.3% in the first quarter. Canada Pension Plan Investment Board now owns 18,000 shares of the energy producer’s stock worth $172,000 after buying an additional 900 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Sanchez Energy Corporation by 64.0% in the first quarter. Wells Fargo & Company MN now owns 1,312,670 shares of the energy producer’s stock worth $12,523,000 after buying an additional 512,255 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in shares of Sanchez Energy Corporation during the first quarter worth approximately $420,000. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Sanchez Energy Corporation during the first quarter worth approximately $6,765,000. Finally, Fisher Asset Management LLC acquired a new position in shares of Sanchez Energy Corporation during the first quarter worth approximately $1,199,000. Institutional investors own 76.19% of the company’s stock.
Sanchez Energy Corporation 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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