Sanchez Energy Corp(NYSE:SN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $125.735M. Analysts estimated a revenue of $139.070M. The revenues were -9.59% below the estimates. Earnings per share were $0.16. The reported EPS was above estimates by 60%. Analysts had estimated an EPS of $0.1.
In a different note, On Feb 2, 2017, PiperJaffray said it Upgrades its rating on Sanchez Energy Corp. The shares have been rated ‘Overweight’ by the firm. On Jan 24, 2017, Seaport Global said it Upgrades its rating on Sanchez Energy Corp. According to the research note, Seaport Global Raises the price target to $17 per share from a prior target of $9. The shares have been rated ‘Buy’ by the firm. On Jan 17, 2017, Northland Securities said it Maintains its rating on Sanchez Energy Corp. According to the research note, Northland Securities Raises the price target to $20 per share from a prior target of $11. The shares have been rated ‘Outperform’ by the firm.
Sanchez Energy Corp (SN) shares turned negative on Wednesdays trading session with the shares closing down -0.6 points or -5.16% at a volume of 37,86,100. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.93. The peak price level was also seen at $11.93 while the days lowest was $11. Finally the shares closed at $11.03. The 52-week high of the shares is $14.3928 while the 52-week low is $2.59. According to the latest information available, the market cap of the company is $867 M.
Several Insider Transactions has been reported to the SEC. On Jan 11, 2017, Antonio R Jr Sanchez (Ex Chairman of the BoD) sold 82,573 shares at $8.70 per share price.Also, On Jan 11, 2017, Antonio R Iii Sanchez (Chief Executive Officer) sold 52,216 shares at $8.70 per share price.On Jan 11, 2017, Eduardo Augusto Sanchez (President) sold 37,037 shares at $8.70 per share price, according to the Form-4 filing with the securities and exchange commission.
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.