Sanchez Energy Corp (SN) : Grt Capital Partners L.l.c. reduced its stake in Sanchez Energy Corp by 5.07% during the most recent quarter end. The investment management company now holds a total of 1,612,690 shares of Sanchez Energy Corp which is valued at $13,111,170 after selling 86,066 shares in Sanchez Energy Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Sanchez Energy Corp makes up approximately 3.02% of Grt Capital Partners L.l.c.’s portfolio.
Other Hedge Funds, Including , Walleye Trading boosted its stake in SN in the latest quarter, The investment management firm added 6,439 additional shares and now holds a total of 11,241 shares of Sanchez Energy Corp which is valued at $91,389. Sanchez Energy Corp makes up approx 0.01% of Walleye Trading’s portfolio. Fmr added SN to its portfolio by purchasing 290,600 company shares during the most recent quarter which is valued at $2,362,578. Pacad Investment Ltd. sold out all of its stake in SN during the most recent quarter. The investment firm sold 17,400 shares of SN which is valued $141,462.William Harris Investors Inc reduced its stake in SN by selling 201,714 shares or 20.08% in the most recent quarter. The Hedge Fund company now holds 802,856 shares of SN which is valued at $5,306,878. Sanchez Energy Corp makes up approx 1.24% of William Harris Investors Inc’s portfolio. Stonebridge Capital Management Inc sold out all of its stake in SN during the most recent quarter. The investment firm sold 84,225 shares of SN which is valued $501,139.
Sanchez Energy Corp closed down -0.09 points or -1.05% at $8.5 with 14,47,130 shares getting traded on Thursday. Post opening the session at $8.41, the shares hit an intraday low of $8.275 and an intraday high of $8.61 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.
Many Wall Street Analysts have commented on Sanchez Energy Corp. Sanchez Energy Corp was Downgraded by KLR Group to ” Accumulate” on Aug 19, 2016. 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 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.