Sanchez Energy Corporation (SN) : 10 analysts are covering Sanchez Energy Corporation (SN) and their average rating on the stock is 2.5, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Sanchez Energy Corporation (SN) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Sanchez Energy Corporation (SN) : The most positive equity analysts on Sanchez Energy Corporation (SN) expects the shares to touch $12, whereas, the least positive believes that the stock will trade at $7 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $8.9 with an expected fluctuation of $1.79 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Sanchez Energy Corporation (NYSE:SN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.65 and $7.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.05, notching a gain of 6.91% for the day. The total traded volume was 2,758,411 . The stock had closed at $7.53 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Hill Garrick A., officer (Interim CFO) of Sanchez Energy Corp, had unloaded 977 shares at an average price of $6.77 in a transaction dated on July 5, 2016. The total value of the transaction was worth $6,614.
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.