Sanchez Energy Corp (SN) Releases Earnings Results, Misses Expectations By $-3.15 EPS

Sanchez Energy Corp (SN) reported quarterly earnings results on Monday, Aug-8-2016. The company reported $-3.20 earnings per share for the quarter, missing the analyst consensus estimate by $-3.15. Analysts had a consensus of $-0.05. Analysts expectations of $119.43 million. During the same quarter in the previous year, the company posted $-0.43 EPS.

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 .Sanchez Energy Corp was Downgraded by KLR Group to ” Hold” on May 11, 2016.

Sanchez Energy Corp opened for trading at $6.46 and hit $6.74 on the upside on Friday, eventually ending the session at $6.61, with a gain of 2.48% or 0.16 points. The heightened volatility saw the trading volume jump to 19,61,875 shares. Company has a market cap of $431 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.

Sanchez Energy Corp

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