Sanchez Energy Corporation (NYSE:SN) : The consensus on Sanchez Energy Corporation (NYSE:SN) based on 10 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Sanchez Energy Corporation (NYSE:SN) : The highest level Sanchez Energy Corporation (NYSE:SN) is projected to reach is $12 for the short term and the lowest estimate is at $5. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $8.1 and the possibility the share price can swing is $1.79.
Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, KLR Group downgrades its ratings on Sanchez Energy Corporation (NYSE:SN). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 11, 2016.
Sanchez Energy Corporation (NYSE:SN): stock turned positive on Tuesday. Though the stock opened at $6.98, the bulls momentum made the stock top out at $7.48 level for the day. The stock recorded a low of $6.98 and closed the trading day at $7.39, in the green by 10.96%. The total traded volume for the day was 1,941,529. The stock had closed at $6.66 in the previous days trading.
In an insider trading activity, Garcia Gilbert A, director of Sanchez Energy Corp, unloaded 7,936 shares at an average price of $8.05 on June 3, 2016. The total amount of the transaction was worth $63,885, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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 226,000 net leasehold acres with an average working interest of approximately 93%. In the TMS, the Company owns approximately 40,000 net undeveloped acres in Southwest Mississippi and Southeast Louisiana.