Wall Street analysts forecast that Sanchez Energy Corp (NYSE:SN) will post $263.29 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Sanchez Energy’s earnings, with estimates ranging from $245.00 million to $277.20 million. Sanchez Energy reported sales of $184.81 million during the same quarter last year, which would suggest a positive year over year growth rate of 42.5%. The firm is expected to issue its next earnings report on Thursday, November 1st.
On average, analysts expect that Sanchez Energy will report full year sales of $1.02 billion for the current year, with estimates ranging from $943.00 million to $1.07 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.11 billion per share, with estimates ranging from $1.06 billion to $1.17 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Sanchez Energy.
Sanchez Energy (NYSE:SN) last announced its earnings results 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). Sanchez Energy had a negative return on equity of 8.74% and a negative net margin of 15.50%. The business had revenue of $259.31 million for the quarter, compared to analyst estimates of $252.49 million.
Several brokerages recently commented on SN. Northland Securities restated a “hold” rating and set a $3.00 target price on shares of Sanchez Energy in a report on Thursday. Capital One Financial reaffirmed an “underweight” rating on shares of Sanchez Energy in a research report on Tuesday, August 7th. ValuEngine lowered shares of Sanchez Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Stephens reaffirmed a “hold” rating and set a $4.00 price target on shares of Sanchez Energy in a research report on Tuesday, April 24th. Finally, Johnson Rice lowered shares of Sanchez Energy from a “buy” rating to an “accumulate” rating in a research report on Tuesday, May 8th. Three research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $4.39.
In other news, CAO Kirsten A. Hink sold 30,000 shares of the stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $4.00, for a total value of $120,000.00. Following the transaction, the chief accounting officer now directly owns 150,633 shares of the company’s stock, valued at $602,532. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Howard J. Sr Thill, Sr. sold 66,916 shares of the stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $3.89, for a total transaction of $260,303.24. Following the completion of the transaction, the vice president now directly owns 370,250 shares in the company, valued at $1,440,272.50. The disclosure for this sale can be found here. Insiders have sold 115,419 shares of company stock worth $457,294 over the last ninety days. Insiders own 14.70% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. MetLife Investment Advisors LLC bought a new position in shares of Sanchez Energy in the fourth quarter valued at about $177,000. Tiedemann Advisors LLC bought a new position in shares of Sanchez Energy in the first quarter valued at about $207,000. Dynamic Technology Lab Private Ltd raised its position in shares of Sanchez Energy by 196.1% in the first quarter. Dynamic Technology Lab Private Ltd now owns 68,913 shares of the energy producer’s stock valued at $215,000 after purchasing an additional 45,638 shares during the period. GFS Advisors LLC raised its position in shares of Sanchez Energy by 42.0% in the first quarter. GFS Advisors LLC now owns 80,000 shares of the energy producer’s stock valued at $234,000 after purchasing an additional 23,665 shares during the period. Finally, Deutsche Bank AG increased its position in Sanchez Energy by 132.6% during the fourth quarter. Deutsche Bank AG now owns 168,321 shares of the energy producer’s stock worth $892,000 after acquiring an additional 95,949 shares during the period. 56.12% of the stock is currently owned by institutional investors.
Sanchez Energy traded down $0.15, hitting $2.90, during trading hours on Friday, according to Marketbeat Ratings. 6,376,809 shares of the company’s stock were exchanged, compared to its average volume of 3,322,744. Sanchez Energy has a 1-year low of $2.78 and a 1-year high of $6.19. The company has a debt-to-equity ratio of -4.55, a quick ratio of 1.45 and a current ratio of 1.12.
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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