Sanchez Energy Corp (NYSE:SN) shares gapped down before the market opened on Wednesday . The stock had previously closed at $5.30, but opened at $5.18. Sanchez Energy shares last traded at $4.75, with a volume of 3918849 shares.

Several research firms have recently weighed in on SN. BMO Capital Markets set a $5.00 price target on Sanchez Energy and gave the stock a “hold” rating in a research note on Tuesday, October 10th. SunTrust Banks reiterated a “hold” rating and set a $5.00 price target on shares of Sanchez Energy in a research note on Friday, October 20th. Piper Jaffray Companies restated a “neutral” rating and issued a $6.00 target price (down previously from $14.00) on shares of Sanchez Energy in a research note on Monday, September 18th. Stifel Nicolaus set a $5.00 target price 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 target price for the company in a research note on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Sanchez Energy presently has a consensus rating of “Hold” and an average target price of $10.44.

The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of -3.72.

In other news, EVP Patricio D. Sanchez acquired 222,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average cost of $4.51 per share, with a total value of $1,001,220.00. Following the acquisition, the executive vice president now owns 473,485 shares in the company, valued at approximately $2,135,417.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Antonio R. Sanchez III acquired 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were purchased at an average cost of $4.45 per share, for a total transaction of $445,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,494,783 shares in the company, valued at approximately $6,651,784.35. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 742,000 shares of company stock valued at $3,379,220. Corporate insiders own 14.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in SN. Teachers Advisors LLC raised its holdings in shares of Sanchez Energy by 28.7% during the 1st quarter. Teachers Advisors LLC now owns 120,207 shares of the energy producer’s stock valued at $1,147,000 after buying an additional 26,812 shares in the last quarter. Legal & General Group Plc raised its holdings 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 valued at $165,000 after buying an additional 3,733 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Sanchez Energy by 24.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 297,742 shares of the energy producer’s stock valued at $2,841,000 after buying an additional 59,348 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Sanchez Energy by 7.7% in 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 period. Finally, Credit Suisse AG increased its stake in Sanchez Energy by 25.2% in the 1st quarter. Credit Suisse AG now owns 189,545 shares of the energy producer’s stock worth $1,809,000 after purchasing an additional 38,166 shares during the period. 59.48% of the stock is currently owned by institutional investors.

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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.

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