Sanchez Energy Corp (SN) is Downgraded by Credit Suisse to Neutral

Sanchez Energy Corp (SN) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on Oct 13, 2016.

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 .

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 closed down -0.37 points or -4.42% at $8 with 19,89,344 shares getting traded on Tuesday. Post opening the session at $8.28, the shares hit an intraday low of $7.87 and an intraday high of $8.365 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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