Sanchez Energy Corp (SN) : Viking Fund Management reduced its stake in Sanchez Energy Corp by 94.29% during the most recent quarter end. The investment management company now holds a total of 40,000 shares of Sanchez Energy Corp which is valued at $303,200 after selling 660,000 shares in Sanchez Energy Corp , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Sanchez Energy Corp makes up approximately 0.05% of Viking Fund Management’s portfolio.
Other Hedge Funds, Including , Legal General Group Plc reduced its stake in SN by selling 614 shares or 7.86% in the most recent quarter. The Hedge Fund company now holds 7,200 shares of SN which is valued at $57,600.Guild Investment Management reduced its stake in SN by selling 242,120 shares or 82.88% in the most recent quarter. The Hedge Fund company now holds 50,000 shares of SN which is valued at $418,500. Sanchez Energy Corp makes up approx 0.74% of Guild Investment Management’s portfolio.Cutler Group Lp boosted its stake in SN in the latest quarter, The investment management firm added 31,603 additional shares and now holds a total of 44,949 shares of Sanchez Energy Corp which is valued at $376,223. Sanchez Energy Corp makes up approx 0.02% of Cutler Group Lp’s portfolio.
Sanchez Energy Corp closed down -0.37 points or -4.42% at $8 with 19,89,344 shares getting traded on Tuesday. Post opening the session at $8.28, the shares hit an intraday low of $7.87 and an intraday high of $8.365 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Sanchez Energy Corp reported $-3.20 EPS for the quarter, missing the analyst consensus estimate by $ -3.15 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.05.Analysts expectations of $ 119.43.During the same quarter in the previous year, the company posted $-0.43 EPS.
Many Wall Street Analysts have commented on Sanchez Energy Corp. Sanchez Energy Corp was Downgraded by Credit Suisse to ” Neutral” on Oct 13, 2016. Sanchez Energy Corp was Downgraded by KLR Group to ” Accumulate” on Aug 19, 2016. Company shares were Upgraded by KLR Group on Jul 18, 2016 to ” Buy”, Firm has raised the Price Target to $ 9 from a previous price target of $8 .
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.