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Seaport Global Securities announced Sanchez Energy Corp (NYSE:SN), bumping its price target to $17.00 earlier today

Stating a potential upside of 1.29%, Seaport Global Securities bumped up the target of Sanchez Energy Corp (NYSE:SN) to $17.00

Previously on 05/19/2017, RBC Capital Markets reported on Sanchez Energy Corp (NYSE:SN) reduced the target price from $14.00 to $13.00. At the time, this indicated a possible upside of 0.91%.

Yesterday Sanchez Energy Corp (NYSE:SN) traded -1.76% lower at $7.42. The company’s 50-day moving average is $4.64 and its 200-day moving average is $7.04. The last closing price is up -36.47% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 5,806,871 shares of the stock traded hands, up from an average trading volume of 2,958,860

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Sanchez Energy Corp (NYSE:SN)

Sanchez Energy Corp has a 52 week low of $3.96 and a 52 week high of $14.39 The company’s market cap is currently $0.

In addition to Seaport Global Securities 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.

General Information About 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 the United States onshore unconventional oil and natural gas resources. The Company primarily focuses on the Eagle Ford Shale in South Texas. The Company also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana. As of December 31, 2016, it had assembled approximately 278,000 net leasehold acres in the Eagle Ford Shale. As of December 31, 2016, it had 473 net wells in the Eagle Ford Shale area. In its Catarina area, the Company had approximately 106,000 net acres in Dimmit, LaSalle and Webb Counties, Texas, at December 31, 2016. In its Maverick area, it had approximately 100,000 net acres in Dimmit, Frio, LaSalle, Zavala and McMullen Counties, Texas, at December 31, 2016. In its Javelina area, it had approximately 39,500 net acres in LaSalle and Webb Counties, Texas, at December 31, 2016.

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