Sanchez Energy Corporation (SN) Position Lowered by California Public Employees Retirement System

California Public Employees Retirement System decreased its stake in shares of Sanchez Energy Corporation (NYSE:SN) by 14.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 288,400 shares of the energy producer’s stock after selling 49,600 shares during the period. California Public Employees Retirement System owned about 0.48% of Sanchez Energy Corporation worth $2,751,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. DUPONT CAPITAL MANAGEMENT Corp bought a new stake in shares of Sanchez Energy Corporation during the first quarter valued at approximately $420,000. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Sanchez Energy Corporation during the first quarter valued at approximately $6,765,000. Fisher Asset Management LLC bought a new stake in shares of Sanchez Energy Corporation during the first quarter valued at approximately $1,199,000. Nationwide Fund Advisors raised its stake in shares of Sanchez Energy Corporation by 44.1% in the first quarter. Nationwide Fund Advisors now owns 47,013 shares of the energy producer’s stock valued at $449,000 after buying an additional 14,388 shares during the last quarter. Finally, Sanders Morris Harris Inc. raised its stake in shares of Sanchez Energy Corporation by 6.4% in the first quarter. Sanders Morris Harris Inc. now owns 326,000 shares of the energy producer’s stock valued at $3,110,000 after buying an additional 19,700 shares during the last quarter. Institutional investors and hedge funds own 76.52% of the company’s stock.

Shares of Sanchez Energy Corporation (SN) traded up 2.25% during midday trading on Friday, hitting $4.99. 2,294,448 shares of the company were exchanged. The stock’s market capitalization is $382.45 million. Sanchez Energy Corporation has a 52-week low of $4.38 and a 52-week high of $14.39. The company has a 50-day moving average price of $5.72 and a 200-day moving average price of $8.12.

Sanchez Energy Corporation (NYSE:SN) last posted its quarterly earnings data on Wednesday, August 9th. The energy producer reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.18. The company had revenue of $175.70 million during the quarter, compared to analysts’ expectations of $178.97 million. The company’s quarterly revenue was up 58.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($3.20) EPS. On average, analysts forecast that Sanchez Energy Corporation will post ($0.76) EPS for the current year.

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Several brokerages recently commented on SN. Zacks Investment Research lowered shares of Sanchez Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Capital One Financial Corporation lowered shares of Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 26th. Seaport Global Securities lowered shares of Sanchez Energy Corporation from a “buy” rating to a “sell” rating and dropped their target price for the stock from $15.00 to $5.00 in a report on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $10.00 target price on shares of Sanchez Energy Corporation in a report on Thursday, July 20th. Finally, BidaskClub lowered shares of Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $12.63.

In other news, VP Kirsten A. Hink sold 38,634 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $5.02, for a total transaction of $193,942.68. Following the completion of the sale, the vice president now owns 178,390 shares in the company, valued at approximately $895,517.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Brian Carney sold 10,204 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $6.19, for a total value of $63,162.76. Following the sale, the director now owns 68,423 shares of the company’s stock, valued at approximately $423,538.37. The disclosure for this sale can be found here. Insiders sold a total of 84,926 shares of company stock valued at $438,989 in the last 90 days. 14.70% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Sanchez Energy Corporation (NYSE:SN)

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