Credit Suisse downgraded Sanchez Energy (NYSE:SN) from Outperform to Neutral in a report released today.
- Updated: October 13, 2016
Credit Suisse has downgraded Sanchez Energy (NYSE:SN) from Outperform to Neutral in a report released on Thursday October 13, 2016.
Yesterday Sanchez Energy (NYSE:SN) traded -2.40% lower at $7.71. The company’s 50-day moving average is $8.57 and its 200-day moving average is $7.68. The last closing price is up -2.01% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,008,165 shares of the stock were exchanged, down from an average trading volume of 2,342,750
See Chart Below
Sanchez Energy has a 52 week low of $2.06 and a 52 week high of $9.83 The company’s market cap is currently $0.
In addition to Credit Suisse reporting its target price, a total of 15 brokers have issued a report on the stock. The consensus target price is $7.97 with 3 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 10 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Sanchez Energy (NYSE:SN)
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. The Company has accumulated approximately 200,000 net leasehold acres in the oil and condensate, or black oil and volatile oil, windows of the Eagle Ford Shale and approximately 62,000 net leasehold acres of the TMS. In the Eagle Ford Shale, the Company has assembled approximately 200,000 net leasehold acres with an average working interest of approximately 93%. In the TMS, the Company owns approximately 40,000 net undeveloped acres in Southwest Mississippi and Southeast Louisiana.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.