Sanchez Energy Corp (NYSE:SN) has been downgraded to Sell in a report by Zacks Investment Research today.
- Updated: October 11, 2016
Just yesterday Sanchez Energy Corp (NYSE:SN) traded -4.66% lower at $7.99. Sanchez Energy Corp’s 50-day moving average is $8.61 and its 200-day moving average is $7.68. The last closing price is up 3.95% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,274,429 shares of SN traded hands, down from an average trading volume of 2,368,700
Zacks Investment Research has downgraded Sanchez Energy Corp (NYSE:SN) to Sell in a report released on 10/11/2016.
Recent Performance Chart
Sanchez Energy Corp has 52 week low of $2.06 and a 52 week high of $9.83 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 15 brokers have issued a research note on the company. The average stock price target 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.
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.
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.