FBR & Co. Released “Outperform” Rating on Sanchez Energy Corp (SN)

Sanchez Energy Corp (SN) was Reiterated by FBR & Co. to “Outperform” while Lowering the Price Target of the company shares to $ 15 from a previous price target of $18 . FBR & Co. advised their Clients and Investors in a research report released on Mar 15, 2017.

Based on several research reports , Shares were Reiterated by FBR & Co. on Mar 15, 2017 to “Outperform” and Lowered the Price Target to $ 15 from a previous price target of $18 .Sanchez Energy Corp was Upgraded by Piper Jaffray to ” Overweight” on Feb 2, 2017. Company shares were Reiterated by RBC Capital Mkts on Jan 24, 2017 to “Outperform”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .Company shares were Reiterated by FBR & Co. on Jan 24, 2017 to “Outperform”, Firm has raised the Price Target to $ 16 from a previous price target of $12 .Company shares were Upgraded by Seaport Global Securities on Jan 24, 2017 to ” Buy”, Firm has raised the Price Target to $ 17 from a previous price target of $9 .

Several company insiders have filed Insider transactions , on Mar 9, 2017, Christopher Heinson (SVP and COO) sold 7,185 shares at $11.35 per share price. According to the SEC, on Feb 27, 2017, Antonio R Iii Sanchez (Chief Executive Officer) sold 148,215 shares at $11.26 per share price. On Feb 27, 2017, Eduardo Augusto Sanchez (President) sold 138,335 shares at $11.26 per share price, according to the Form-4 filing with the securities and exchange commission.

On the company’s financial health, Sanchez Energy Corp reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Feb 22, 2017. Analyst had a consensus of $0.05. The company had revenue of $125.73 million for the quarter, compared to analysts expectations of $130.45 million. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Sanchez Energy Corp opened for trading at $9.85 and hit $10.07 on the upside on Wednesday, eventually ending the session at $9.98, with a gain of 3.96% or 0.38 points. The heightened volatility saw the trading volume jump to 30,03,134 shares. Company has a market cap of $785 M.

Sanchez Energy Corporation is an independent exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources in the onshore United States Gulf Coast. The Company focuses on the Eagle Ford Shale in South Texas and the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana. In the Eagle Ford Shale the Company has assembled approximately 226000 net leasehold acres with an average working interest of approximately 93%. In the TMS the Company owns approximately 40000 net undeveloped acres in Southwest Mississippi and Southeast Louisiana.

Sanchez Energy Corp

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