Brokerages expect Sanchez Energy (NYSE:SN) to announce sales of $246.76 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Sanchez Energy’s earnings, with the lowest sales estimate coming in at $226.00 million and the highest estimate coming in at $263.90 million. Sanchez Energy posted sales of $133.84 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 84.4%. The firm is scheduled to announce its next earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that Sanchez Energy will report full year sales of $246.76 million for the current financial year, with estimates ranging from $980.00 million to $1.12 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.07 billion per share, with estimates ranging from $1.03 billion to $1.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Sanchez Energy.
Sanchez Energy (NYSE:SN) last posted its quarterly earnings data on Monday, February 26th. The energy producer reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.13. The business had revenue of $246.00 million for the quarter, compared to the consensus estimate of $229.20 million. Sanchez Energy’s quarterly revenue was up 95.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 EPS.
NYSE:SN traded up $0.05 during trading hours on Friday, hitting $3.38. 830,814 shares of the company’s stock traded hands, compared to its average volume of 3,415,013. The firm has a market capitalization of $282.52, a price-to-earnings ratio of -10.64 and a beta of 1.74. Sanchez Energy has a 52 week low of $2.78 and a 52 week high of $9.73. The company has a debt-to-equity ratio of -4.12, a quick ratio of 0.76 and a current ratio of 0.76.
In other news, insider Antonio R. Sanchez, Jr. sold 72,307 shares of Sanchez Energy stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $3.38, for a total value of $244,397.66. Following the transaction, the insider now owns 1,969,498 shares in the company, valued at $6,656,903.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Antonio R. Sanchez, Jr. sold 19,618 shares of Sanchez Energy stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $2.98, for a total value of $58,461.64. Following the completion of the transaction, the chairman now owns 1,826,190 shares in the company, valued at approximately $5,442,046.20. The disclosure for this sale can be found here. Insiders have sold 112,949 shares of company stock worth $365,511 in the last 90 days. 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. Millennium Management LLC increased its holdings in shares of Sanchez Energy by 3,483.5% in the fourth quarter. Millennium Management LLC now owns 2,975,150 shares of the energy producer’s stock worth $15,798,000 after buying an additional 2,892,127 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Sanchez Energy by 44.9% in the third quarter. JPMorgan Chase & Co. now owns 1,789,224 shares of the energy producer’s stock worth $8,804,000 after buying an additional 554,240 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Sanchez Energy by 52.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,710,884 shares of the energy producer’s stock worth $9,085,000 after buying an additional 586,756 shares during the period. Penn Capital Management Co. Inc. increased its holdings in shares of Sanchez Energy by 81.0% in the fourth quarter. Penn Capital Management Co. Inc. now owns 1,280,826 shares of the energy producer’s stock worth $6,811,000 after buying an additional 573,043 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Sanchez Energy by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 608,621 shares of the energy producer’s stock worth $3,230,000 after buying an additional 19,733 shares during the period. Hedge funds and other institutional investors own 56.83% of the company’s stock.
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Sanchez Energy Company Profile
Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition and development of U.S. onshore unconventional oil and natural gas resources. It engages in the horizontal development of resources from the Eagle Ford Shale in South Texas. It also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.
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