Northland Securities Analysts Give Sanchez Energy (NYSE:SN) a $6.00 Price Target

Northland Securities set a $6.00 price objective on Sanchez Energy (NYSE:SN) in a research report released on Monday, December 11th. The brokerage currently has a buy rating on the energy producer’s stock.

Other research analysts also recently issued reports about the company. BMO Capital Markets set a $5.00 price objective on Sanchez Energy and gave the company a hold rating in a report on Tuesday, October 10th. SunTrust Banks reaffirmed a hold rating and issued a $5.00 price target on shares of Sanchez Energy in a report on Friday, October 20th. Piper Jaffray Companies reaffirmed a neutral rating and issued a $6.00 price target (down previously from $14.00) on shares of Sanchez Energy in a report on Monday, September 18th. Stifel Nicolaus set a $5.00 price objective on Sanchez Energy and gave the stock a hold rating in a research note on Thursday, October 5th. Finally, Seaport Global Securities upgraded Sanchez Energy from a sell rating to a neutral rating and set a $4.50 price target for the company in a research report on Wednesday, October 4th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. Sanchez Energy has a consensus rating of Hold and a consensus target price of $9.46.

Shares of Sanchez Energy (NYSE:SN) traded up $0.24 during midday trading on Monday, reaching $5.55. The company’s stock had a trading volume of 3,190,000 shares, compared to its average volume of 2,910,000. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of -3.72. The company has a market cap of $466.92, a price-to-earnings ratio of 19.82 and a beta of 1.72. Sanchez Energy has a 1-year low of $3.58 and a 1-year high of $14.39.

In related news, insider Eduardo Augusto Sanchez sold 250,337 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $4.66, for a total transaction of $1,166,570.42. Following the transaction, the insider now owns 985,644 shares of the company’s stock, valued at $4,593,101.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Howard J. Sr Thill, Sr. sold 16,499 shares of the firm’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $4.27, for a total value of $70,450.73. The disclosure for this sale can be found here. Insiders sold 517,173 shares of company stock worth $2,403,592 in the last three months. 14.70% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. lifted its position in shares of Sanchez Energy by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 50,374 shares of the energy producer’s stock valued at $362,000 after acquiring an additional 231 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Sanchez Energy by 6.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 25,400 shares of the energy producer’s stock worth $182,000 after purchasing an additional 1,650 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Sanchez Energy by 7.7% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 46,930 shares of the energy producer’s stock worth $448,000 after purchasing an additional 3,368 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Sanchez Energy by 1.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 301,467 shares of the energy producer’s stock worth $2,165,000 after purchasing an additional 3,725 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Sanchez Energy by 27.4% during the 1st quarter. Legal & General Group Plc now owns 17,348 shares of the energy producer’s stock worth $165,000 after purchasing an additional 3,733 shares during the last quarter. Hedge funds and other institutional investors own 59.05% of the company’s stock.

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Sanchez Energy Company Profile

Sanchez Energy Corporation is an independent exploration and production company. The Company is focused on the acquisition and development of the United States onshore unconventional oil and natural gas resources. The Company primarily focuses on the Eagle Ford Shale in South Texas. The Company also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.

Analyst Recommendations for Sanchez Energy (NYSE:SN)

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