Analysts Set Expectations for Sanchez Energy Corp’s Q3 2018 Earnings (SN)

Sanchez Energy Corp (NYSE:SN) – Seaport Global Securities cut their Q3 2018 EPS estimates for shares of Sanchez Energy in a research report issued on Tuesday, October 16th, according to Zacks Investment Research. Seaport Global Securities analyst M. Kelly now forecasts that the energy producer will post earnings of ($0.10) per share for the quarter, down from their previous estimate of $0.05. Seaport Global Securities also issued estimates for Sanchez Energy’s Q4 2018 earnings at ($0.17) EPS, FY2018 earnings at ($0.64) EPS, Q1 2019 earnings at ($0.05) EPS, Q2 2019 earnings at ($0.10) EPS, Q3 2019 earnings at ($0.11) EPS, Q4 2019 earnings at ($0.13) EPS and FY2019 earnings at ($0.40) EPS.

Sanchez Energy (NYSE:SN) last released its earnings results on Thursday, November 1st. The energy producer reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.14). The firm had revenue of $277.71 million during the quarter, compared to the consensus estimate of $255.06 million. Sanchez Energy had a negative net margin of 9.24% and a negative return on equity of 8.96%. The firm’s revenue was up 50.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS.

SN has been the topic of a number of other reports. ValuEngine cut Sanchez Energy from a “sell” rating to a “strong sell” rating in a research note on Monday, July 16th. Royal Bank of Canada reaffirmed a “hold” rating and set a $2.50 price objective on shares of Sanchez Energy in a research note on Tuesday. Northland Securities reaffirmed a “hold” rating and set a $3.00 price objective on shares of Sanchez Energy in a research note on Thursday, August 9th. BMO Capital Markets reaffirmed a “hold” rating and set a $4.00 price objective on shares of Sanchez Energy in a research note on Monday, August 13th. Finally, Capital One Financial reaffirmed an “underweight” rating on shares of Sanchez Energy in a research note on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. Sanchez Energy presently has a consensus rating of “Hold” and an average target price of $3.31.

SN traded down $0.27 during trading on Thursday, reaching $1.11. The stock had a trading volume of 8,741,159 shares, compared to its average volume of 2,614,330. The stock has a market cap of $142.69 million, a PE ratio of -3.47 and a beta of 1.86. Sanchez Energy has a one year low of $1.02 and a one year high of $6.19.

In other news, CFO Howard J. Sr Thill, Sr. sold 21,877 shares of the stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $2.46, for a total transaction of $53,817.42. Following the completion of the sale, the chief financial officer now directly owns 348,373 shares in the company, valued at $856,997.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 14.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in Sanchez Energy by 3.0% in the third quarter. BlackRock Inc. now owns 4,018,409 shares of the energy producer’s stock worth $9,242,000 after buying an additional 115,279 shares during the period. Allianz Asset Management GmbH lifted its holdings in Sanchez Energy by 1,299.0% in the first quarter. Allianz Asset Management GmbH now owns 3,000,000 shares of the energy producer’s stock worth $9,390,000 after buying an additional 2,785,563 shares during the period. Wells Fargo & Company MN lifted its holdings in Sanchez Energy by 13.0% in the first quarter. Wells Fargo & Company MN now owns 1,933,400 shares of the energy producer’s stock worth $6,052,000 after buying an additional 222,516 shares during the period. JPMorgan Chase & Co. lifted its holdings in Sanchez Energy by 28.2% in the first quarter. JPMorgan Chase & Co. now owns 1,360,230 shares of the energy producer’s stock worth $4,258,000 after buying an additional 299,032 shares during the period. Finally, Northern Trust Corp lifted its holdings in Sanchez Energy by 6.1% in the second quarter. Northern Trust Corp now owns 921,311 shares of the energy producer’s stock worth $4,165,000 after buying an additional 52,905 shares during the period. Institutional investors own 48.25% of the company’s stock.

About Sanchez Energy

Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition and development of U.S. onshore unconventional oil and natural gas resources. It engages in the horizontal development of resources from the Eagle Ford Shale in South Texas. It also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.

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Earnings History and Estimates for Sanchez Energy (NYSE:SN)

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