In a report issued on August 27, Kashy Harrison from Piper Jaffray reiterated a Hold rating on Sanchez Energy Corporation (NYSE: SN), with a price target of $3. The company’s shares closed yesterday at $2.71, close to its 52-week low of $2.40.
According to TipRanks.com, Harrison is a 3-star analyst with an average return of 4.1% and a 50.0% success rate. Harrison covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Continental Resources, and Range Resources Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Sanchez Energy Corporation with a $3.50 average price target.
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The company has a one-year high of $6.19 and a one-year low of $2.40. Currently, Sanchez Energy Corporation has an average volume of 3.18M.
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.
