In a report released today, Jeff Grampp from Northland Securities reiterated a Hold rating on Sanchez Energy Corporation (NYSE: SN), with a price target of $3. The company’s shares closed yesterday at $3.08, close to its 52-week low of $2.78.
According to TipRanks.com, Grampp is a 3-star analyst with an average return of 1.7% and a 47.0% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Penn Virginia Corporation, Sundance Energy Australia, and Lonestar Resources US.
Sanchez Energy Corporation has an analyst consensus of Hold, with a price target consensus of $4.13, implying a 34.1% upside from current levels. In a report released yesterday, RBC Capital also downgraded the stock to Hold.
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Based on Sanchez Energy Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $34.99 million. In comparison, last year the company had a net profit of $44.42 million.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.
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Sanchez Energy Corp. is an independent exploration and production company, which engages in the acquisition and development of unconventional oil and natural gas resources in the onshore U.S. Gulf Coast. Its properties include Eagle Ford Shale and Tuscaloosa Marine Shale.
