Sanchez Energy Corp (SN) Files Form 4 Insider Selling : Gilbert A Garcia Sells 7,936 Shares

Sanchez Energy Corp (SN): Gilbert A Garcia , director of Sanchez Energy Corp sold 7,936 shares on Jun 3, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $8.05 per share for a total value of $63,884.80 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 6, 2016, Thomas Brian Carney (director) sold 6,349 shares at $8.11 per share price.On Jun 6, 2016, Sean M Maher (director) sold 3,968 shares at $8.09 per share price.Also, On May 12, 2016, Christopher Heinson (Senior Vice President – COO) sold 14,264 shares at $8.12 per share price.On Nov 20, 2015, Alan G. Jackson (director) purchased 10,000 shares at $5.09 per share price.

Shares of Sanchez Energy Corp (SN) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.1 points or -1.25% at $7.9 with 16,08,889 shares getting traded. Post opening the session at $8.11, the shares hit an intraday low of $7.78 and an intraday high of $8.21 and the price vacillated in this range throughout the day. The company has a market cap of $515 M and the number of outstanding shares has been calculated to be 6,52,20,112 shares. The 52-week high of Sanchez Energy Corp is $10.97 and the 52-week low is $2.06.

Sanchez Energy Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Sanchez Energy Corp is Downgraded by KLR Group to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 11, 2016.Sanchez Energy Corp is Initiated by Iberia to Outperform and the brokerage firm has set the Price Target at $11. The Rating was issued on Apr 27, 2016.Sanchez Energy Corp is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 11 from a previous price target of $9 .The Rating was issued on Apr 21, 2016.Sanchez Energy Corp is Resumed by RBC Capital Mkts to Outperform and the brokerage firm has set the Price Target at $7. The Rating was issued on Mar 18, 2016.

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.

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