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Sanchez Energy Corp (NYSE: SN) Chief Financial Officer Howard J. Sr. Thill, Sr. sold 21,877 shares of the company in a transaction on Monday, October 15th. The shares were sold at an average price of $ 2.46 for a total transaction of $ 53,817.42. As a result of the transaction, the CFO now directly owns 348,373 shares of the Company valued at $ 856,997.58. The sale has been disclosed in a document filed with the Securities & Exchange Commission, available on this hypertext link.
SN shares opened at $ 1.61 on Friday. Sanchez Energy Corp. has a minimum of 12 months of $ 1.36 and a maximum of 12 months of $ 6.19.
Sanchez Energy (NYSE: SN) released its results on Thursday, November 1st. The energy producer reported ($ 0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters consensus estimate of ($ 0.01) from ($ 0.14). The company generated revenue of $ 277.71 million during the quarter, while badysts expected $ 255.06 million. Sanchez Energy had a negative return on equity of 9.20% and a negative net margin of 9.24%. The company's revenue for the quarter increased by 50.3% compared to the same quarter of the previous year. In the same quarter last year, the business generated EPS of $ 0.22. Analysts on the sellers' side expect on average that Sanchez Energy Corp will record a EPS of -0.38 for the current year.
SN has been the subject of numerous research reports. SunTrust Banks has set a target price of $ 2.00 on Sanchez Energy shares and has rated the stock as "held" in a research note on Tuesday, October 23. Capital One Financial reissued an "underweight" rating on Sanchez Energy shares in a research note on Tuesday, August 7th. ValuEngine increased Sanchez Energy shares from a "sell" rating to a "held" note in a research note on Friday, August 17th. Piper Jaffray has reaffirmed the continuation of the rating and set a price target of $ 3.00 on Sanchez Energy shares in a research note Thursday, August 30. Finally, Royal Bank of Canada downgraded Sanchez Energy's shares from an "outperform" rating to a "sector perform" rating and set a target price of $ 7.00 for the company. in a research note on Wednesday August 8th. Two research badysts gave the sale a sales rating and eleven badigned a conservation rating to the company. The company currently has a Consensus rating of "Retention" and a consensus target price of $ 3.88.
Several institutional investors have recently changed their holdings in the company. BlackRock Inc. increased its interest in Sanchez Energy shares by 2.6% in the second quarter. BlackRock Inc. now holds 3,903,130 shares valued at $ 17,642,000 in the energy producer after acquiring 99,271 additional shares in the last quarter. Allianz Asset Management GmbH increased its stake in Sanchez Energy shares by 1,299.0% in the first quarter. Allianz Asset Management GmbH now holds 3,000,000 shares in the energy producer, valued at USD 9,390,000, after acquiring 2,785,563 additional shares in the last quarter. Wells Fargo & Company MN increased its stake in Sanchez Energy shares by 13.0% in the first quarter. Wells Fargo & Company MN now holds 1,933,400 shares of the energy producer, valued at $ 6,052,000, following the purchase of 222,516 additional shares during the last quarter. JPMorgan Chase & Co. increased its stake in Sanchez Energy shares by 28.2% in the first quarter. JPMorgan Chase & Co. now holds 1,360,230 energy producer shares worth US $ 4,258,000 after acquiring an additional 299,032 shares in the last quarter. Finally, Northern Trust Corp. increased its stake in Sanchez Energy shares by 6.1% in the second quarter. Northern Trust Corp now holds 921,311 shares in the energy producer, valued at $ 4,165,000, after acquiring an additional 52,905 shares in the last quarter. Institutional investors and hedge funds hold 48.96% of the shares of the company.
About Sanchez Energy
Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the United States. He is involved in horizontal resource development at the Eagle Ford Shale deposit in South Texas. He also holds an undeveloped position on the Tuscaloosa Sea Shale in Mississippi and Louisiana.
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