Sanchez Energy Corporation (SN) has been under a strong bear grip, hence the stock is down -16.2% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.99% in the past 1 week. The stock has risen by 2.92% in the past week indicating that the buyers are active at lower levels, but the stock is down -13.39% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.6% and the 50-Day Moving Average is 13.62%. Sanchez Energy Corporation has dropped 29.48% during the last 3-month period . Year-to-Date the stock performance stands at 47.1%.
Sanchez Energy Corporation (NYSE:SN): stock turned positive on Friday. Though the stock opened at $5.91, the bulls momentum made the stock top out at $6.37 level for the day. The stock recorded a low of $5.861 and closed the trading day at $6.34, in the green by 4.97%. The total traded volume for the day was 1,990,252. The stock had closed at $6.04 in the previous days trading.
Also, KLR Group upgrades its rating on Sanchez Energy Corporation (NYSE:SN). The global brokerage major raises the current price target from $8 per share to $9 per share. Analysts at the KLR Group have a current rating of Buy on the shares. The shares were previously rated Hold. The rating by the firm was issued on July 18, 2016.
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.