Sanchez Energy Corporation (SN) : Traders are bullish on Sanchez Energy Corporation (SN) as it has outperformed the S&P 500 by a wide margin of 29.79% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 22.93%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 23% in the last 1 week, and is up 31.13% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 24.82% and the 50-Day Moving Average is 14.13%. Sanchez Energy Corporation (NYSE:SN): stock turned positive on Friday. Though the stock opened at $8.19, the bulls momentum made the stock top out at $8.28 level for the day. The stock recorded a low of $8 and closed the trading day at $8.13, in the green by 0.99%. The total traded volume for the day was 1,705,605. The stock had closed at $8.05 in the previous days trading.
The company Insiders own 15.32% of Sanchez Energy Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.63% . Institutional Investors own 53.5% of Sanchez Energy Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 40.55%. Also, In the latest statement by the brokerage house, KLR Group upgrades its outlook on Sanchez Energy Corporation (NYSE:SN). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Hold. The brokerage firm raises the price target from $8 per share to $9 per share. 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.