Teachers Advisors LLC increased its position in shares of Sanchez Energy Corporation (NYSE:SN) by 28.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 120,207 shares of the energy producer’s stock after buying an additional 26,812 shares during the quarter. Teachers Advisors LLC owned about 0.20% of Sanchez Energy Corporation worth $1,147,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. FMR LLC bought a new stake in Sanchez Energy Corporation during the 1st quarter worth approximately $941,000. Stratos Wealth Partners LTD. grew its holdings in shares of Sanchez Energy Corporation by 10.5% in the first quarter. Stratos Wealth Partners LTD. now owns 38,035 shares of the energy producer’s stock valued at $363,000 after acquiring an additional 3,621 shares in the last quarter. ClariVest Asset Management LLC bought a new position in shares of Sanchez Energy Corporation in the first quarter valued at approximately $120,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Sanchez Energy Corporation in the first quarter valued at approximately $1,250,000. Finally, American International Group Inc. grew its holdings in shares of Sanchez Energy Corporation by 27.6% in the first quarter. American International Group Inc. now owns 41,016 shares of the energy producer’s stock valued at $391,000 after acquiring an additional 8,875 shares in the last quarter. 70.44% of the stock is owned by hedge funds and other institutional investors.
Sanchez Energy Corporation (NYSE:SN) traded down 1.76% on Friday, reaching $4.47. The company had a trading volume of 5,806,871 shares. The stock’s 50 day moving average price is $4.64 and its 200-day moving average price is $7.04. The stock’s market capitalization is $342.60 million. Sanchez Energy Corporation has a 12-month low of $3.96 and a 12-month high of $14.39.
Sanchez Energy Corporation (NYSE:SN) last posted its quarterly earnings results on Wednesday, August 9th. The energy producer reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.18). The firm had revenue of $175.70 million for the quarter, compared to analysts’ expectations of $178.97 million. The company’s quarterly revenue was up 58.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($3.20) earnings per share. Equities analysts expect that Sanchez Energy Corporation will post ($0.81) earnings per share for the current fiscal year.
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Several equities analysts have recently issued reports on the company. J P Morgan Chase & Co assumed coverage on Sanchez Energy Corporation in a report on Friday. They issued a “neutral” rating for the company. ValuEngine lowered Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Capital One Financial Corporation lowered Sanchez Energy Corporation from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 26th. BidaskClub lowered Sanchez Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $10.00 price objective on shares of Sanchez Energy Corporation in a report on Thursday, July 20th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $12.63.
In other Sanchez Energy Corporation news, CAO Kirsten A. Hink sold 36,088 shares of Sanchez Energy Corporation stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $5.04, for a total transaction of $181,883.52. Following the transaction, the chief accounting officer now directly owns 178,390 shares of the company’s stock, valued at $899,085.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Antonio R. Sanchez III purchased 100,000 shares of Sanchez Energy Corporation stock in a transaction dated Wednesday, September 13th. The stock was bought at an average cost of $4.45 per share, for a total transaction of $445,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,494,783 shares in the company, valued at approximately $6,651,784.35. The disclosure for this purchase can be found here. Insiders have acquired 742,000 shares of company stock worth $3,379,220 over the last ninety days. 14.70% of the stock is owned by insiders.
Sanchez Energy Corporation 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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