Sanchez Energy Corporation (NYSE:SN) : Currently there are 10 street experts covering Sanchez Energy Corporation (NYSE:SN) stock. The most bullish and bearish price target for the stock is $12 and $5 respectively for the short term. The average price target of all the analysts comes to $8.1. The estimated standard deviation from the target is $1.79.
Sanchez Energy Corporation has lost 11.97% in the last five trading days and dropped 11.75% in the last 4 weeks. Sanchez Energy Corporation is up 39.25% in the last 3-month period. Year-to-Date the stock performance stands at 63.81%. Also, Major Brokerage house, KLR Group downgrades its ratings on Sanchez Energy Corporation (NYSE:SN). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 11, 2016.
Sanchez Energy Corporation (NYSE:SN) : 10 analysts are covering Sanchez Energy Corporation (NYSE:SN) and their average rating on the stock is 2.5, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Sanchez Energy Corporation (NYSE:SN) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Sanchez Energy Corporation (NYSE:SN): The stock opened at $7.60 on Thursday but the bulls could not build on the opening and the stock topped out at $7.60 for the day. The stock traded down to $7.00 during the day, due to lack of any buying support eventually closed down at $7.06 with a loss of -7.83% for the day. The stock had closed at $7.66 on the previous day. The total traded volume was 2,568,787 shares.
In an insider trading activity, Garcia Gilbert A, director of Sanchez Energy Corp, unloaded 7,936 shares at an average price of $8.05 on June 3, 2016. The total amount of the transaction was worth $63,885, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.