Sanchez Energy Corp (SN) Receives $2.34 Consensus Target Price from Analysts

Shares of Sanchez Energy Corp (NYSE:SN) have earned a consensus rating of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and eleven have assigned a hold recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $2.34.

SN has been the subject of several analyst reports. Zacks Investment Research upgraded Sanchez Energy from a “strong sell” rating to a “hold” rating in a report on Saturday, January 26th. Royal Bank of Canada reiterated a “hold” rating and issued a $0.50 price target on shares of Sanchez Energy in a report on Tuesday, January 8th.

Shares of Sanchez Energy stock traded down $0.01 during trading on Friday, hitting $0.18. 267,196 shares of the company were exchanged, compared to its average volume of 2,081,394. Sanchez Energy has a fifty-two week low of $0.22 and a fifty-two week high of $5.13. The company has a market capitalization of $15.98 million, a P/E ratio of -0.57 and a beta of 2.46.

Several hedge funds have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans acquired a new stake in shares of Sanchez Energy during the 3rd quarter worth $193,000. SG Americas Securities LLC acquired a new stake in shares of Sanchez Energy during the 4th quarter worth $25,000. BlackRock Inc. increased its holdings in shares of Sanchez Energy by 3.0% during the 3rd 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 last quarter. Wells Fargo & Company MN increased its holdings in shares of Sanchez Energy by 28.5% during the 3rd quarter. Wells Fargo & Company MN now owns 543,515 shares of the energy producer’s stock worth $1,251,000 after buying an additional 120,643 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Sanchez Energy by 14.9% during the 4th quarter. Geode Capital Management LLC now owns 1,174,896 shares of the energy producer’s stock worth $316,000 after buying an additional 151,951 shares during the last quarter. Institutional investors and hedge funds own 39.90% 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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Analyst Recommendations for Sanchez Energy (NYSE:SN)

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