Sanchez Energy Corp (SN) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 11 from a previous price target of $9 . FBR Capital advised their investors in a research report released on Apr 21, 2016.
Many Wall Street Analysts have commented on Sanchez Energy Corp. RBC Capital Mkts Resumed Sanchez Energy Corp on Mar 18, 2016 to “Outperform”, Price Target of the shares are set at $7.
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.
Sanchez Energy Corp opened for trading at $6 and hit $6.86 on the upside on Monday, eventually ending the session at $6.8, with a gain of 3.98% or 0.26 points. The heightened volatility saw the trading volume jump to 23,85,993 shares. Company has a market cap of $426 M.
In a different news, on Apr 6, 2016, Christopher Heinson (Sr VP-Chief Operating Officer) sold 1,377 shares at $5.04 per share price. According to the SEC, on Dec 1, 2015, Thomas Brian Carney (director) purchased 500 shares at $4.95 per share price. On Nov 20, 2015, Alan G. Jackson (director) purchased 10,000 shares at $5.09 per share price, according to the Form-4 filing with the securities and exchange commission.
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.