Sanchez Energy Corp (SN) was Upgraded by KLR Group to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 9 from a previous price target of $8 . Earlier the firm had a rating of “Hold ” on the company shares. KLR Group advised their investors in a research report released on Jul 18, 2016.
Many Wall Street Analysts have commented on Sanchez Energy Corp. Sanchez Energy Corp was Downgraded by KLR Group to ” Hold” on May 11, 2016. 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 .
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 -0.25 points or -3.88% at $6.2 with 19,26,978 shares getting traded on Friday. Post opening the session at $6.51, the shares hit an intraday low of $6.19 and an intraday high of $6.5433 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jul 6, 2016, Garrick A. Hill (Interim CFO) sold 977 shares at $6.77 per share price. According to the SEC, on Jun 6, 2016, Alan G. Jackson (director) sold 7,936 shares at $8.05 per share price. On Jun 6, 2016, Gilbert A Garcia (director) sold 7,936 shares at $8.05 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.