Sanchez Energy Corp (SN) was Downgraded by KLR Group to ” Accumulate”. Earlier the firm had a rating of “Buy ” on the company shares. KLR Group advised their investors in a research report released on Aug 19, 2016.
Many Wall Street Analysts have commented on Sanchez Energy Corp. Company shares were Upgraded by KLR Group on Jul 18, 2016 to ” Buy”, Firm has raised the Price Target to $ 9 from a previous price target of $8 .
On the company’s financial health, Sanchez Energy Corp reported $-3.20 EPS for the quarter, missing the analyst consensus estimate by $ -3.15 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.05.Analysts expectations of $ 119.43.During the same quarter in the previous year, the company posted $-0.43 EPS.
Sanchez Energy Corp opened for trading at $8.48 and hit $8.67 on the upside on Wednesday, eventually ending the session at $8.66, with a gain of 1.29% or 0.11 points. The heightened volatility saw the trading volume jump to 18,80,825 shares. Company has a market cap of $571 M.
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, Gilbert A Garcia (director) sold 7,936 shares at $8.05 per share price. On Jun 6, 2016, Alan G. Jackson (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.