Fisher Asset Management LLC raised its position in Sanchez Energy Corporation (NYSE:SN) by 52.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 191,108 shares of the energy producer’s stock after buying an additional 65,394 shares during the period. Fisher Asset Management LLC owned approximately 0.25% of Sanchez Energy Corporation worth $1,372,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Sanchez Energy Corporation by 88.0% in the first quarter. Vanguard Group Inc. now owns 11,557,888 shares of the energy producer’s stock worth $110,263,000 after buying an additional 5,408,805 shares during the period. State Street Corp raised its stake in Sanchez Energy Corporation by 45.8% in the first quarter. State Street Corp now owns 4,896,519 shares of the energy producer’s stock worth $46,716,000 after buying an additional 1,539,043 shares during the period. Blackstone Group L.P. bought a new stake in Sanchez Energy Corporation during the first quarter worth about $18,651,000. Renaissance Technologies LLC raised its stake in Sanchez Energy Corporation by 3.7% in the first quarter. Renaissance Technologies LLC now owns 1,765,598 shares of the energy producer’s stock worth $16,844,000 after buying an additional 62,398 shares during the period. Finally, Wells Fargo & Company MN raised 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 valued at $12,523,000 after buying an additional 512,255 shares during the last quarter. 76.52% of the stock is owned by institutional investors and hedge funds.
Shares of Sanchez Energy Corporation (SN) traded up 2.25% on Friday, reaching $4.99. The company’s stock had a trading volume of 2,294,448 shares. The stock has a 50-day moving average of $5.78 and a 200 day moving average of $8.18. Sanchez Energy Corporation has a 1-year low of $4.38 and a 1-year high of $14.39. The stock’s market capitalization is $382.45 million. Sanchez Energy Corporation also was the target of some unusual options trading activity on Tuesday. Stock investors purchased 11,044 put options on the company. This represents an increase of approximately 473% compared to the typical volume of 1,929 put options.
Sanchez Energy Corporation (NYSE:SN) last issued its quarterly earnings data on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.18. The company had revenue of $175.70 million for the quarter, compared to analyst estimates of $178.97 million. During the same period in the previous year, the business posted ($3.20) EPS. Sanchez Energy Corporation’s revenue was up 58.3% compared to the same quarter last year. On average, equities analysts forecast that Sanchez Energy Corporation will post ($0.76) EPS for the current year.
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Several research analysts recently weighed in on SN shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $10.00 price objective on shares of Sanchez Energy Corporation in a research note on Thursday, July 20th. KLR Group reiterated a “buy” rating and issued a $10.00 price objective (down from $12.00) on shares of Sanchez Energy Corporation in a research note on Wednesday, May 17th. Zacks Investment Research upgraded Sanchez Energy Corporation from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 13th. BMO Capital Markets restated a “hold” rating and issued a $5.00 price target on shares of Sanchez Energy Corporation in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $9.00 price target (down from $11.00) on shares of Sanchez Energy Corporation in a research note on Thursday, April 27th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $12.35.
In related news, VP Kirsten A. Hink sold 38,634 shares of Sanchez Energy Corporation stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $5.02, for a total value of $193,942.68. Following the completion of the sale, the vice president now owns 178,390 shares of the company’s stock, valued at approximately $895,517.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Thomas Brian Carney sold 10,204 shares of Sanchez Energy Corporation stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $6.19, for a total transaction of $63,162.76. Following the completion of the sale, the director now directly owns 68,423 shares of the company’s stock, valued at approximately $423,538.37. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,926 shares of company stock valued at $438,989. Insiders own 14.70% 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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