Stifel Nicolaus analyst Michael Scialla reiterated a Hold rating on Sanchez Energy Corporation (SN) on November 25 and set a price target of $0.90. The company’s shares closed yesterday at $0.65, close to its 52-week low of $0.65.
According to TipRanks.com, Scialla ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -13.0% and a 25.1% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Abraxas Petroleum Corp, Jagged Peak Energy Inc, and Whiting Petroleum Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Sanchez Energy Corporation with a $2.44 average price target, representing a 273.0% upside. In a report issued on November 13, BMO Capital also reiterated a Hold rating on the stock with a $2 price target.
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Based on Sanchez Energy Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $5.6 million. In comparison, last year the company had a GAAP net loss of $44.78 million.
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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.
