Sanchez Energy Corporation (SN) has risen sharply, recording gains of 32.68% in the past 4 weeks. However, the stock has corrected -0.79% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 32.85% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.55% and the 50-Day Moving Average is 20.28%.The 200 Day SMA reached 47.52%. Sanchez Energy Corporation is up 7.34% in the last 3-month period. Year-to-Date the stock performance stands at 103.48%.
Sanchez Energy Corporation (NYSE:SN): After opening at $8.69, the stock dipped to an intraday low of $8.58 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.93 and the buying power remained strong till the end. The stock closed at $8.77 for the day, a gain of 3.18% for the day session. The total traded volume was 1,882,968. The stocks close on the previous trading day was $8.5.
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 226,000 net leasehold acres with an average working interest of approximately 93%. In the TMS, the Company owns approximately 40,000 net undeveloped acres in Southwest Mississippi and Southeast Louisiana.