Schwab Charles Investment Management Inc. increased its stake in Sanchez Energy Corp (NYSE:SN) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 361,134 shares of the energy producer’s stock after acquiring an additional 45,431 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.43% of Sanchez Energy worth $1,918,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Sanchez Energy by 44.9% during the third quarter. JPMorgan Chase & Co. now owns 1,789,224 shares of the energy producer’s stock valued at $8,804,000 after buying an additional 554,240 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of Sanchez Energy during the third quarter valued at approximately $1,305,000. Oppenheimer & Co. Inc. boosted its position in shares of Sanchez Energy by 33.5% during the third quarter. Oppenheimer & Co. Inc. now owns 104,310 shares of the energy producer’s stock valued at $502,000 after buying an additional 26,175 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Sanchez Energy during the third quarter valued at approximately $1,904,000. Finally, Kalos Management Inc. purchased a new position in shares of Sanchez Energy during the third quarter valued at approximately $138,000. Institutional investors own 56.64% of the company’s stock.
Several research analysts have issued reports on SN shares. Northland Securities set a $6.00 target price on Sanchez Energy and gave the company a “buy” rating in a research report on Monday, December 11th. Zacks Investment Research upgraded Sanchez Energy from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Wednesday, December 27th. Piper Jaffray Companies restated a “hold” rating and set a $8.00 target price on shares of Sanchez Energy in a research report on Tuesday, January 9th. SunTrust Banks restated a “hold” rating and set a $4.00 target price on shares of Sanchez Energy in a research report on Monday, February 26th. Finally, ValuEngine lowered Sanchez Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $7.95.
Shares of Sanchez Energy stock opened at $3.31 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of -4.12. The stock has a market capitalization of $263.85, a P/E ratio of -1.96 and a beta of 1.88. Sanchez Energy Corp has a twelve month low of $2.78 and a twelve month high of $10.20.
Sanchez Energy (NYSE:SN) last announced its quarterly earnings results on Monday, February 26th. The energy producer reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.13. The firm had revenue of $246.00 million during the quarter, compared to analysts’ expectations of $229.20 million. The firm’s revenue for the quarter was up 95.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS. research analysts expect that Sanchez Energy Corp will post 1.07 EPS for the current fiscal year.
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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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