Sanchez Energy Corp (SN) : Guild Investment Management added new position in Sanchez Energy Corp during the most recent quarter end. The investment management firm now holds 292,120 shares of Sanchez Energy Corp which is valued at $2,424,596 , the company said in a statement filed on Apr 20, 2016 with the SEC.Sanchez Energy Corp makes up approximately 3.52% of Guild Investment Management’s portfolio.
Sanchez Energy Corp opened for trading at $7.79 and hit $8.32 on the upside on Friday, eventually ending the session at $8.3, with a gain of 7.65% or 0.59 points. The heightened volatility saw the trading volume jump to 23,93,390 shares. Company has a market cap of $519 M.
Other Hedge Funds, Including , Next Financial Group Inc reduced its stake in SN by selling 14,000 shares or 98.25% in the most recent quarter. The Hedge Fund company now holds 250 shares of SN which is valued at $2,075. Simplex Trading sold out all of its stake in SN during the most recent quarter. The investment firm sold 3,686 shares of SN which is valued $24,106.Viking Fund Management reduced its stake in SN by selling 30,000 shares or 3.61% in the most recent quarter. The Hedge Fund company now holds 800,000 shares of SN which is valued at $5,232,000. Sanchez Energy Corp makes up approx 0.99% of Viking Fund Management’s portfolio.Stonebridge Capital Management Inc reduced its stake in SN by selling 62,135 shares or 42.45% in the most recent quarter. The Hedge Fund company now holds 84,225 shares of SN which is valued at $550,832. Sanchez Energy Corp makes up approx 0.23% of Stonebridge Capital Management Inc’s portfolio.Creative Planning boosted its stake in SN in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 1,500 shares of Sanchez Energy Corp which is valued at $9,675.
On the company’s financial health, Sanchez Energy Corp reported $0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.75 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $-0.71. The company had revenue of $109.53 million for the quarter, compared to analysts expectations of $126.05 million. The company’s revenue was down -36.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.19 EPS.
Many Wall Street Analysts have commented on Sanchez Energy Corp. Company shares were Reiterated by FBR Capital on Apr 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 11 from a previous price target of $9 .RBC Capital Mkts Resumed Sanchez Energy Corp on Mar 18, 2016 to “Outperform”, Price Target of the shares are set at $7.
Sanchez Energy Corporation is an independent exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources in the onshore United States Gulf Coast. The Company focuses on the Eagle Ford Shale in South Texas and the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana. In the Eagle Ford Shale the Company has assembled approximately 226000 net leasehold acres with an average working interest of approximately 93%. In the TMS the Company owns approximately 40000 net undeveloped acres in Southwest Mississippi and Southeast Louisiana.