Wall Street brokerages predict that Sanchez Energy Corp (NYSE:SN) will report $0.18 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Sanchez Energy’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.30. Sanchez Energy reported earnings per share of ($0.88) in the same quarter last year, which would suggest a positive year over year growth rate of 120.5%. The business is scheduled to report its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that Sanchez Energy will report full year earnings of $1.06 per share for the current year, with EPS estimates ranging from $0.14 to $1.69. For the next year, analysts forecast that the firm will post earnings of $0.72 per share, with EPS estimates ranging from $0.23 to $1.09. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Sanchez Energy.
Sanchez Energy (NYSE:SN) last posted its quarterly earnings results on Monday, February 26th. The energy producer reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.13. The business had revenue of $246.00 million during the quarter, compared to analyst estimates of $229.20 million. During the same period last year, the company earned $0.16 EPS. The business’s revenue for the quarter was up 95.7% on a year-over-year basis.
In other news, insider Eduardo Augusto Sanchez sold 250,337 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $4.66, for a total transaction of $1,166,570.42. Following the sale, the insider now directly owns 985,644 shares of the company’s stock, valued at $4,593,101.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gregory B. Kopel sold 7,960 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $5.61, for a total transaction of $44,655.60. Following the sale, the vice president now directly owns 109,488 shares in the company, valued at $614,227.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 677,329 shares of company stock valued at $3,125,339. Company insiders own 14.70% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new stake in shares of Sanchez Energy during the fourth quarter valued at approximately $177,000. Millennium Management LLC grew its stake in shares of Sanchez Energy by 3,483.5% during the fourth quarter. Millennium Management LLC now owns 2,975,150 shares of the energy producer’s stock valued at $15,798,000 after purchasing an additional 2,892,127 shares during the last quarter. Western Asset Management Co. grew its stake in shares of Sanchez Energy by 183.4% during the fourth quarter. Western Asset Management Co. now owns 155,890 shares of the energy producer’s stock valued at $828,000 after purchasing an additional 100,890 shares during the last quarter. Baker Avenue Asset Management LP grew its stake in shares of Sanchez Energy by 10.8% during the fourth quarter. Baker Avenue Asset Management LP now owns 218,981 shares of the energy producer’s stock valued at $1,163,000 after purchasing an additional 21,370 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Sanchez Energy by 132.6% during the fourth quarter. Deutsche Bank AG now owns 168,321 shares of the energy producer’s stock valued at $892,000 after purchasing an additional 95,949 shares during the last quarter. 58.61% of the stock is currently owned by institutional investors and hedge funds.
Sanchez Energy (SN) opened at $2.93 on Thursday. Sanchez Energy has a 52-week low of $2.92 and a 52-week high of $11.99. The company has a debt-to-equity ratio of -3.72, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $246.50, a PE ratio of -6.81 and a beta of 1.54.
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Sanchez Energy Company Profile
Sanchez Energy Corporation is an independent exploration and production company. The Company is focused on the acquisition and development of the United States onshore unconventional oil and natural gas resources. The Company primarily focuses on the Eagle Ford Shale in South Texas. The Company also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.
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