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 1.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.42%, 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 8.6% in the last 1 week, and is up 0.8% 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 3.01% and the 50-Day Moving Average is 11.07%.The 200 Day SMA reached 39.97%
Sanchez Energy Corporation (NYSE:SN): After opening at $8.95, the stock dipped to an intraday low of $8.51 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.95 and the buying power remained strong till the end. The stock closed at $8.84 for the day, a gain of 0.11% for the day session. The total traded volume was 1,978,662. The stocks close on the previous trading day was $8.84.
Sanchez Energy Corporation (SN) : 10 Wall Street analysts covering Sanchez Energy Corporation (SN) believe that the average level the stock could reach for the short term is $9. The maximum price target given is $12 and the minimum target for short term is around $7, hence the standard deviation is calculated at $1.7.
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.