Sanchez Energy (SN) Bond Prices Fall 1.3%

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An issue of Sanchez Energy Corp (NYSE:SN) debt fell 1.3% against its face value during trading on Thursday. The debt issue has a 7.75% coupon and will mature on June 15, 2021. The bonds in the issue are now trading at $69.50 and were trading at $73.00 last week. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its stock price.

A number of equities research analysts recently commented on the company. Royal Bank of Canada downgraded Sanchez Energy from an “outperform” rating to a “sector perform” rating and set a $7.00 target price on the stock. in a research report on Wednesday, August 8th. ValuEngine upgraded Sanchez Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Capital One Financial reiterated an “underweight” rating on shares of Sanchez Energy in a research report on Tuesday, August 7th. Northland Securities reiterated a “hold” rating and issued a $3.00 target price on shares of Sanchez Energy in a research report on Thursday, August 9th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $3.00 target price on shares of Sanchez Energy in a research report on Thursday, August 30th. Two 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.

SN stock traded up $0.12 during midday trading on Friday, reaching $2.50. 2,009,107 shares of the company traded hands, compared to its average volume of 3,341,346. Sanchez Energy Corp has a 52-week low of $2.26 and a 52-week high of $6.19. The company has a debt-to-equity ratio of -4.55, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $201.11 million, a PE ratio of -7.81 and a beta of 1.69.

Sanchez Energy (NYSE:SN) last issued its quarterly earnings data on Tuesday, August 7th. The energy producer reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.33). Sanchez Energy had a negative net margin of 15.50% and a negative return on equity of 8.74%. The company had revenue of $259.31 million for the quarter, compared to analysts’ expectations of $252.49 million. Equities research analysts expect that Sanchez Energy Corp will post -0.38 EPS for the current year.

In other Sanchez Energy news, CAO Kirsten A. Hink sold 8,486 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $4.41, for a total transaction of $37,423.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.12% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Sanchez Energy in the second quarter worth approximately $127,000. Schwab Charles Investment Management Inc. grew its stake in Sanchez Energy by 6.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 385,443 shares of the energy producer’s stock worth $1,207,000 after purchasing an additional 24,309 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in Sanchez Energy in the second quarter worth approximately $180,000. Russell Investments Group Ltd. grew its stake in Sanchez Energy by 12.1% in the second quarter. Russell Investments Group Ltd. now owns 228,332 shares of the energy producer’s stock worth $1,031,000 after purchasing an additional 24,649 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its stake in Sanchez Energy by 74.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 120,330 shares of the energy producer’s stock worth $544,000 after purchasing an additional 51,417 shares in the last quarter. Hedge funds and other institutional investors own 47.98% of the company’s stock.

Sanchez Energy Company Profile (NYSE:SN)

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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