Sanchez Energy Corp (SN) was Downgraded by KLR Group to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. KLR Group advised their investors in a research report released on May 11, 2016.
Many Wall Street Analysts have commented on Sanchez Energy Corp. Iberia Initiated Sanchez Energy Corp on Apr 27, 2016 to “Outperform”, Price Target of the shares are set at $11.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.
On the company’s financial health, Sanchez Energy Corp reported $-0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $-0.12. The company had revenue of $79.52 million for the quarter, compared to analysts expectations of $91.62 million. The company’s revenue was down -28.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.97 EPS.
Sanchez Energy Corp closed down -0.11 points or -1.30% at $8.36 with 22,53,266 shares getting traded on Tuesday. Post opening the session at $8.54, the shares hit an intraday low of $8.0901 and an intraday high of $8.89 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.