Credit Suisse Group AG downgraded Sanchez Energy Corp (NYSE:SN) to Neutral in a report released today.
- Updated: October 15, 2016
Just yesterday Sanchez Energy Corp (NYSE:SN) traded -3.69% lower at $7.72. The company’s 50-day moving average is $8.50 and its 200-day average is $7.69. With the last stock price up -5.13% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Trading volume was down over the average, with 2,350,779 shares of SN changing hands under the typical 2,357,270
Credit Suisse Group AG has downgraded Sanchez Energy Corp (NYSE:SN) to Neutral in a report released on Thursday October 13, 2016.
Sanchez Energy Corp has with a one year low of $2.06 and a one year high of $9.83 and has a market cap of $0.
Also covering Sanchez Energy Corp's price target, a total of 15 equity analysts have issued a report on the company. The average stock price target is $7.97 with 3 brokerages rating the stock a strong buy, 4 analysts rating the company a buy, 10 firms rating the stock a hold, zero equity analysts rating the stock a underperform, and finally zero brokerages rating the stock a sell.
Brief Synopsis On Sanchez Energy Corp (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.
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