The stock of Sanchez Energy Corp (NYSE:SN) is a huge mover today! About 4.04M shares traded hands or 62.90% up from the average. Sanchez Energy Corp (NYSE:SN) has declined 26.86% since April 27, 2016 and is downtrending. It has underperformed by 32.08% the S&P500.
The move comes after 6 months positive chart setup for the $532.55 million company. It was reported on Nov, 30 by Barchart.com. We have $8.72 PT which if reached, will make NYSE:SN worth $21.30M more.
Analysts await Sanchez Energy Corp (NYSE:SN) to report earnings on February, 23.
Sanchez Energy Corp (NYSE:SN) Ratings Coverage
Out of 12 analysts covering Sanchez Energy Corp (NYSE:SN), 9 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 75% are positive. Sanchez Energy Corp has been the topic of 29 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by Iberia Capital Partners given on Monday, August 17. On Monday, November 23 the stock rating was upgraded by KLR Group to “Buy”. Credit Agricole upgraded the shares of SN in a report on Wednesday, August 12 to “Outperform” rating. The company was upgraded on Monday, July 18 by KLR Group. Seaport Global upgraded Sanchez Energy Corp (NYSE:SN) rating on Thursday, January 21. Seaport Global has “Buy” rating and $4 price target. As per Tuesday, August 11, the company rating was maintained by Northland Capital. As per Wednesday, April 27, the company rating was initiated by iBERIA Capital Partners. SunTrust maintained it with “Buy” rating and $11 target price in Monday, October 19 report. Seaport Global downgraded Sanchez Energy Corp (NYSE:SN) on Wednesday, March 30 to “Neutral” rating. The company was downgraded on Friday, August 19 by KLR Group.
According to Zacks Investment Research, “Sanchez Energy Corporation is an independent oil and gas exploration and development company focused on the exploration, acquisition and development of unconventional oil and natural gas resources, primarily in the Eagle Ford Shale in South Texas. Sanchez Energy Corporation is headquartered in Houston, Texas.”
Insitutional Activity: The institutional sentiment decreased to 1.37 in Q2 2016. Its down 0.14, from 1.51 in 2016Q1. The ratio is negative, as 15 funds sold all Sanchez Energy Corp shares owned while 30 reduced positions. 24 funds bought stakes while 44 increased positions. They now own 37.89 million shares or 14.57% more from 33.08 million shares in 2016Q1.
Bnp Paribas Arbitrage Sa accumulated 0% or 2,075 shares. Northpointe Ltd Limited Liability Company owns 69,961 shares or 0.06% of their US portfolio. Fmr Limited Liability Com, a Massachusetts-based fund reported 290,600 shares. Tiaa Cref Invest Lc has 0% invested in the company for 481,228 shares. Bluecrest Capital Mngmt reported 30,743 shares or 0.01% of all its holdings. The California-based California Employees Retirement has invested 0% in Sanchez Energy Corp (NYSE:SN). Ameriprise Finance Inc reported 772,110 shares or 0% of all its holdings. Legal And General Gru Pcl owns 7,814 shares or 0% of their US portfolio. Walleye Trading Lc holds 11,241 shares or 0% of its portfolio. Viking Fund Mgmt Limited Liability Company has 0.86% invested in the company for 700,000 shares. Franklin accumulated 475,574 shares or 0% of the stock. Reliant Management Ltd Liability Co has invested 0.16% of its portfolio in Sanchez Energy Corp (NYSE:SN). Renaissance Limited Company owns 1.33 million shares or 0.02% of their US portfolio. Swiss Retail Bank accumulated 0% or 102,600 shares. Citigroup holds 17,599 shares or 0% of its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 1 sale for $6,610 net activity. $51,490 worth of Sanchez Energy Corp (NYSE:SN) was sold by Carney Thomas Brian on Wednesday, June 1. $63,885 worth of Sanchez Energy Corp (NYSE:SN) was sold by Garcia Gilbert A. Shares for $63,885 were sold by Jackson Alan G. on Wednesday, June 1. Maher Sean M sold 3,968 shares worth $32,101. Hill Garrick A. sold $6,610 worth of stock or 977 shares.
Another recent and important Sanchez Energy Corp (NYSE:SN) news was published by Globenewswire.com which published an article titled: “Sanchez Energy Corporation Announces Participation in Upcoming Conference” on November 22, 2016.
SN Company Profile
Sanchez Energy Corporation, incorporated on August 22, 2011, is an independent exploration and production company. The Firm is focused on the acquisition and development of unconventional oil and natural gas resources in the onshore United States Gulf Coast. The Firm focuses on the Eagle Ford Shale in South Texas and the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana. The Firm has accumulated approximately 200,000 net leasehold acres in the oil and condensate, or black oil and volatile oil, windows of the Eagle Ford Shale and approximately 62,000 net leasehold acres of the TMS.
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