KLR Group Downgrades Sanchez Energy Corp to Accumulate

Brokerage firm KLR Group Downgrades its rating on Sanchez Energy Corp(NYSE:SN). The shares have been rated Accumulate. Previously, the analysts had a Buy rating on the shares. The rating by KLR Group was issued on Aug 19, 2016.

In a different note, On Jul 18, 2016, KLR Group said it Upgrades its rating on Sanchez Energy Corp. In the research note, the firm Raises the price-target to $8.00 per share. The shares have been rated ‘Buy’ by the firm.

Sanchez Energy Corp (SN) made into the market gainers list on Mondays trading session with the shares advancing 2.26% or 0.2 points. Due to strong positive momentum, the stock ended at $9.04, which is also near the day’s high of $9.1. The stock began the session at $8.79 and the volume stood at 19,12,671 shares. The 52-week high of the shares is $9.83 and the 52 week low is $2.06. The company has a current market capitalization of $596 M and it has 6,59,40,236 shares in outstanding.

Sanchez Energy Corp(SN) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $110.97M. Analysts had an estimated revenue of $126.48M. Earnings per share were $0.01. Analysts had estimated an EPS of $-0.09.

Several Insider Transactions has been reported to the SEC. On Jul 6, 2016, Garrick A. Hill (Interim CFO) sold 977 shares at $6.77 per share price.Also, On Jun 6, 2016, Gilbert A Garcia (director) sold 7,936 shares at $8.05 per share price.On Jun 6, 2016, Alan G. Jackson (director) sold 7,936 shares at $8.05 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.

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