In a report issued on July 9, Scott Hanold from RBC Capital reiterated a Buy rating on Sanchez Energy Corporation (NYSE: SN), with a price target of $6. The company’s shares closed yesterday at $5.04.
According to TipRanks.com, Hanold is a 4-star analyst with an average return of 4.2% and a 49.3% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Continental Resources.
Sanchez Energy Corporation has an analyst consensus of Hold, with a price target consensus of $3.70.
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The company has a one-year high of $6.85 and a one-year low of $2.78. Currently, Sanchez Energy Corporation has an average volume of 3.42M.
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.
