Northland Securities reissued their hold rating on shares of Sanchez Energy (NYSE:SN) in a research note released on Thursday morning. The firm currently has a $3.00 target price on the energy producer’s stock.

SN has been the subject of a number of other research reports. KLR Group lowered Sanchez Energy from a buy rating to a hold rating in a research note on Wednesday, April 18th. Stifel Nicolaus set a $2.00 price objective on Sanchez Energy and gave the company a hold rating in a research note on Tuesday, April 24th. Stephens reissued a hold rating and set a $4.00 price objective on shares of Sanchez Energy in a research note on Tuesday, April 24th. ValuEngine upgraded Sanchez Energy from a strong sell rating to a sell rating in a report on Wednesday, May 2nd. Finally, Johnson Rice downgraded Sanchez Energy from a buy rating to an accumulate rating in a report on Tuesday, May 8th. Three analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The stock has an average rating of Hold and an average price target of $4.39.

Shares of NYSE SN traded down $0.15 during midday trading on Thursday, hitting $2.90. 6,376,809 shares of the company’s stock were exchanged, compared to its average volume of 3,322,744. Sanchez Energy has a 12-month low of $2.78 and a 12-month high of $6.19. The company has a debt-to-equity ratio of -4.55, a current ratio of 1.12 and a quick ratio of 1.45.

Sanchez Energy (NYSE:SN) last issued its quarterly earnings data on Tuesday, August 7th. The energy producer reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.33). The business had revenue of $259.31 million for the quarter, compared to analysts’ expectations of $252.49 million. Sanchez Energy had a negative return on equity of 8.74% and a negative net margin of 15.50%. analysts predict that Sanchez Energy will post -0.01 earnings per share for the current fiscal year.

In other Sanchez Energy news, VP Howard J. Sr Thill, Sr. sold 66,916 shares of Sanchez Energy stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $3.89, for a total value of $260,303.24. Following the sale, the vice president now owns 370,250 shares of the company’s stock, valued at approximately $1,440,272.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Kirsten A. Hink sold 30,000 shares of Sanchez Energy stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $4.00, for a total value of $120,000.00. Following the completion of the sale, the chief accounting officer now directly owns 150,633 shares in the company, valued at approximately $602,532. The disclosure for this sale can be found here. Insiders have sold a total of 115,419 shares of company stock worth $457,294 in the last three months. 14.70% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC bought a new position in shares of Sanchez Energy in the 4th quarter worth $177,000. Tiedemann Advisors LLC acquired a new position in Sanchez Energy during the 1st quarter valued at about $207,000. Dynamic Technology Lab Private Ltd increased its position in Sanchez Energy by 196.1% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 68,913 shares of the energy producer’s stock valued at $215,000 after buying an additional 45,638 shares in the last quarter. GFS Advisors LLC increased its position in Sanchez Energy by 42.0% during the 1st quarter. GFS Advisors LLC now owns 80,000 shares of the energy producer’s stock valued at $234,000 after buying an additional 23,665 shares in the last quarter. Finally, Phoenix Investment Adviser LLC increased its position in Sanchez Energy by 57.6% during the 1st quarter. Phoenix Investment Adviser LLC now owns 186,000 shares of the energy producer’s stock valued at $582,000 after buying an additional 68,000 shares in the last quarter. Hedge funds and other institutional investors own 56.12% of the company’s stock.

Sanchez Energy Company Profile

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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