Today’s Price Action: Does Sanchez Energy Corp Have Any Gas After Today’s Huge Increase?

Today's Price Action: Does Sanchez Energy Corp Have Any Gas After Today's Huge Increase?

The stock of Sanchez Energy Corp (NYSE:SN) is a huge mover today! About 2.14 million shares traded hands. Sanchez Energy Corp (NYSE:SN) has risen 110.34% since March 2, 2016 and is uptrending. It has outperformed by 102.09% the S&P500.
The move comes after 7 months positive chart setup for the $552.53 million company. It was reported on Oct, 5 by Barchart.com. We have $12.49 PT which if reached, will make NYSE:SN worth $226.54M more.

Analysts await Sanchez Energy Corp (NYSE:SN) to report earnings on November, 14.

Sanchez Energy Corp (NYSE:SN) Ratings Coverage

Out of 10 analysts covering Sanchez Energy Corp (NYSE:SN), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. Sanchez Energy Corp has been the topic of 27 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Accumulate” rating on Friday, August 19 by KLR Group. The stock has “Accumulate” rating given by KLR Group on Thursday, October 15. The stock of Sanchez Energy Corp (NYSE:SN) has “Sector Perform” rating given on Monday, August 17 by Iberia Capital Partners. The firm has “Buy” rating by SunTrust given on Monday, October 19. As per Wednesday, March 30, the company rating was downgraded by Seaport Global. Northland Capital maintained it with “Outperform” rating and $12 target price in Tuesday, August 11 report. The stock has “Outperform” rating given by RBC Capital Markets on Friday, March 18. KLR Group downgraded Sanchez Energy Corp (NYSE:SN) on Wednesday, May 11 to “Hold” rating. The firm has “Buy” rating given on Thursday, January 21 by Seaport Global. The firm has “Outperform” rating by Credit Agricole given on Wednesday, August 12.

According to Zacks Investment Research, “Sanchez Energy Corporation is an independent oil and gas exploration and development company focused on the exploration, acquisition and development of unconventional oil and natural gas resources, primarily in the Eagle Ford Shale in South Texas. Sanchez Energy Corporation is headquartered in Houston, Texas.”

Insitutional Activity: The institutional sentiment increased to 1.51 in 2016 Q2. Its up 0.69, from 0.82 in 2016Q1. The ratio is positive, as 15 funds sold all Sanchez Energy Corp shares owned while 30 reduced positions. 24 funds bought stakes while 44 increased positions. They now own 37.89 million shares or 14.57% more from 33.08 million shares in 2016Q1.
Vanguard Grp holds 0% of its portfolio in Sanchez Energy Corp (NYSE:SN) for 4.40M shares. Quantbot Techs Limited Partnership holds 0.02% or 27,097 shares in its portfolio. Comml Bank Of Montreal Can last reported 153,625 shares in the company. The California-based Assetmark has invested 0% in Sanchez Energy Corp (NYSE:SN). Indexiq Advsrs Ltd Liability Company has 2,171 shares for 0% of their US portfolio. Citadel Advsr Llc, a Illinois-based fund reported 572,580 shares. The New York-based Goldman Sachs Group has invested 0% in Sanchez Energy Corp (NYSE:SN). Moreover, Franklin Res has 0% invested in Sanchez Energy Corp (NYSE:SN) for 475,574 shares. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 1,987 shares in the company. Geode Cap Mgmt Limited has 0% invested in the company for 402,992 shares. Moreover, Renaissance Techs Limited Liability has 0.02% invested in Sanchez Energy Corp (NYSE:SN) for 1.33 million shares. Invesco Limited holds 0% of its portfolio in Sanchez Energy Corp (NYSE:SN) for 858,647 shares. Price T Rowe Associates Md holds 27,974 shares or 0% of its portfolio. Oxford Asset owns 32,043 shares or 0.01% of their US portfolio. Globeflex Capital Limited Partnership, a California-based fund reported 82 shares.

Insider Transactions: Since May 11, 2016, the stock had 0 insider buys, and 6 insider sales for $333,823 net activity. $115,852 worth of Sanchez Energy Corp (NYSE:SN) shares were sold by Heinson Christopher. Hill Garrick A. sold 977 shares worth $6,610. Carney Thomas Brian also sold $51,490 worth of Sanchez Energy Corp (NYSE:SN) on Wednesday, June 1. 7,936 Sanchez Energy Corp (NYSE:SN) shares with value of $63,885 were sold by Jackson Alan G.. 3,968 Sanchez Energy Corp (NYSE:SN) shares with value of $32,101 were sold by Maher Sean M. $63,885 worth of Sanchez Energy Corp (NYSE:SN) was sold by Garcia Gilbert A on Wednesday, June 1.

SN Company Profile

Sanchez Energy Corporation, incorporated on August 22, 2011, is an independent exploration and production company. The Firm is focused on the acquisition and development of unconventional oil and natural gas resources in the onshore United States Gulf Coast. The Firm focuses on the Eagle Ford Shale in South Texas and the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana. The Firm has accumulated approximately 200,000 net leasehold acres in the oil and condensate, or black oil and volatile oil, windows of the Eagle Ford Shale and approximately 62,000 net leasehold acres of the TMS.

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