Sanchez Energy Corporation (SN) has been under a strong bear grip, hence the stock is down -1.83% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.82% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.26% in the last 1 week, and is up 0.61% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Sanchez Energy Corporation (NYSE:SN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.46 and $6.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.61, notching a gain of 2.48% for the day. The total traded volume was 1,961,875 . The stock had closed at $6.45 on the previous day.
The stock has recorded a 20-day Moving Average of 5.45% and the 50-Day Moving Average is 7.79%. Sanchez Energy Corporation has dropped 24.2% during the last 3-month period . Year-to-Date the stock performance stands at 53.36%.
Sanchez Energy Corporation (SN) stock is expected to deviate a maximum of $1.64 from the average target price of $8.7 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $12 and the most muted being $7.
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.