Zacks: Analysts Anticipate Sanchez Energy Corp (SN) Will Post Quarterly Sales of $255.92 Million

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Equities analysts expect that Sanchez Energy Corp (NYSE:SN) will post $255.92 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Sanchez Energy’s earnings, with estimates ranging from $228.00 million to $275.40 million. Sanchez Energy reported sales of $184.81 million in the same quarter last year, which indicates a positive year-over-year growth rate of 38.5%. The company is expected to issue its next earnings report before the market opens on Thursday, November 1st.

According to Zacks, analysts expect that Sanchez Energy will report full year sales of $996.93 million for the current year, with estimates ranging from $839.00 million to $1.07 billion. For the next year, analysts forecast that the firm will report sales of $1.07 billion, with estimates ranging from $919.00 million to $1.19 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Sanchez Energy.

Sanchez Energy (NYSE:SN) last released its quarterly earnings results on Tuesday, August 7th. The energy producer reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.33). The company had revenue of $259.31 million for the quarter, compared to analyst estimates of $252.49 million. Sanchez Energy had a negative return on equity of 8.74% and a negative net margin of 15.50%.

Several equities analysts recently commented on SN shares. ValuEngine lowered Sanchez Energy from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Capital One Financial reissued an “underweight” rating on shares of Sanchez Energy in a research report on Tuesday, August 7th. Royal Bank of Canada lowered Sanchez Energy from an “outperform” rating to a “sector perform” rating and set a $7.00 price target on the stock. in a research report on Wednesday, August 8th. SunTrust Banks set a $4.00 price target on Sanchez Energy and gave the stock a “hold” rating in a research report on Wednesday, August 8th. Finally, Northland Securities reissued a “hold” rating and set a $3.00 price target on shares of Sanchez Energy in a research report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $4.13.

Sanchez Energy stock traded up $0.02 during midday trading on Friday, hitting $2.23. 1,771,100 shares of the company were exchanged, compared to its average volume of 3,308,843. The firm has a market capitalization of $204.60 million, a PE ratio of -6.84 and a beta of 1.69. The company has a debt-to-equity ratio of -4.55, a quick ratio of 1.12 and a current ratio of 1.12. Sanchez Energy has a fifty-two week low of $2.17 and a fifty-two week high of $6.19.

In other Sanchez Energy news, CFO Howard J. Sr Thill, Sr. sold 21,877 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $2.46, for a total value of $53,817.42. Following the transaction, the chief financial officer now directly owns 348,373 shares of the company’s stock, valued at approximately $856,997.58. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Kirsten A. Hink sold 8,486 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $4.41, for a total value of $37,423.26. The disclosure for this sale can be found here. Corporate insiders own 14.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in SN. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Sanchez Energy during the 2nd quarter valued at approximately $127,000. Schwab Charles Investment Management Inc. raised its position in shares of Sanchez Energy by 6.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 385,443 shares of the energy producer’s stock valued at $1,207,000 after acquiring an additional 24,309 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Sanchez Energy during the 2nd quarter valued at approximately $180,000. Russell Investments Group Ltd. raised its position in shares of Sanchez Energy by 12.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 228,332 shares of the energy producer’s stock valued at $1,031,000 after acquiring an additional 24,649 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of Sanchez Energy by 74.6% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 120,330 shares of the energy producer’s stock valued at $544,000 after acquiring an additional 51,417 shares in the last quarter. 47.52% of the stock is currently owned by institutional investors.

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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