Guild Investment Management Inc. decreased its stake in Sanchez Energy Corp. (NYSE:SN) by 82.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,000 shares of the company’s stock after selling 242,120 shares during the period. Sanchez Energy Corp. makes up 0.7% of Guild Investment Management Inc.’s investment portfolio, making the stock its 20th largest position. Guild Investment Management Inc.’s holdings in Sanchez Energy Corp. were worth $353,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in SN. Sanders Morris Harris Inc. increased its position in Sanchez Energy Corp. by 30.7% in the second quarter. Sanders Morris Harris Inc. now owns 341,000 shares of the company’s stock valued at $2,407,000 after buying an additional 80,000 shares during the period. Fox Run Management L.L.C. acquired a new position in Sanchez Energy Corp. during the second quarter valued at $306,000. State Street Corp increased its position in Sanchez Energy Corp. by 14.6% in the first quarter. State Street Corp now owns 958,786 shares of the company’s stock valued at $5,260,000 after buying an additional 121,815 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in Sanchez Energy Corp. during the first quarter valued at $2,856,000. Finally, Geode Capital Management LLC increased its position in Sanchez Energy Corp. by 12.6% in the first quarter. Geode Capital Management LLC now owns 363,090 shares of the company’s stock valued at $1,993,000 after buying an additional 40,612 shares during the period. Hedge funds and other institutional investors own 58.86% of the company’s stock.
Shares of Sanchez Energy Corp. (NYSE:SN) traded down 5.09% during midday trading on Tuesday, reaching $7.83. The company’s stock had a trading volume of 2,922,250 shares. The stock’s market capitalization is $458.58 million. Sanchez Energy Corp. has a 12 month low of $2.06 and a 12 month high of $9.83. The stock’s 50-day moving average is $8.54 and its 200 day moving average is $7.46.
Sanchez Energy Corp. (NYSE:SN) last posted its quarterly earnings data on Monday, August 8th. The company reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by $3.11. The business earned $111 million during the quarter, compared to the consensus estimate of $121.61 million. During the same quarter in the prior year, the company posted ($0.43) earnings per share. On average, analysts expect that Sanchez Energy Corp. will post ($0.23) earnings per share for the current fiscal year.
SN has been the topic of several recent analyst reports. Zacks Investment Research downgraded Sanchez Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. KLR Group downgraded Sanchez Energy Corp. from a “buy” rating to an “accumulate” rating and set a $10.00 target price on the stock. in a research report on Friday, August 19th. FBR & Co reiterated a “buy” rating on shares of Sanchez Energy Corp. in a research report on Wednesday, July 20th. Vetr downgraded Sanchez Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $9.00 target price on the stock. in a research report on Friday, August 12th. Finally, Piper Jaffray Cos. restated a “neutral” rating and set a $8.00 price target on shares of Sanchez Energy Corp. in a research note on Thursday, July 7th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Sanchez Energy Corp. presently has a consensus rating of “Hold” and a consensus target price of $8.03.
About Sanchez Energy Corp.
Sanchez Energy Corporation is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the onshore United States Gulf Coast. The Company focuses on the Eagle Ford Shale in South Texas and the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana.
Want to see what other hedge funds are holding SN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sanchez Energy Corp. (NYSE:SN).
Receive News & Ratings for Sanchez Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanchez Energy Corp. and related companies with MarketBeat.com's FREE daily email newsletter.