Sanchez Energy Corporation (SN) : Traders are bullish on Sanchez Energy Corporation (SN) as it has outperformed the S&P 500 by a wide margin of 39.73% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.23%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.57% in the last 1 week, and is up 39.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 14.29% and the fifty day Moving Average is 23.11%. Sanchez Energy Corporation is up 12.61% in the last three month period. Year-to-Date the stock performance stands at 105.1%.
Sanchez Energy Corporation (SN) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $12 and the lowest price target forecast is $7. The average forecast of all the analysts is $9 and the expected standard deviation is $1.76.
Sanchez Energy Corporation (NYSE:SN): stock turned positive on Friday. Though the stock opened at $8.78, the bulls momentum made the stock top out at $9.115 level for the day. The stock recorded a low of $8.745 and closed the trading day at $8.84, in the green by 1.38%. The total traded volume for the day was 2,287,647. The stock had closed at $8.72 in the previous days trading.
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.