Sanchez Energy Corp (NYSE:SN)‘s stock had its “buy” rating reiterated by Canaccord Genuity in a research report issued on Monday, MarketBeat.com reports. They currently have a $10.00 price target on the stock. Canaccord Genuity’s target price points to a potential upside of 208.64% from the stock’s previous close.

In other Sanchez Energy Corp news, Director Alan G. Jackson acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 19th. The stock was purchased at an average cost of $5.09 per share, for a total transaction of $50,900.00. Following the completion of the acquisition, the director now owns 39,941 shares of the company’s stock, valued at approximately $203,299.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Other analysts also recently issued reports about the stock. FBR & Co. reissued an “outperform” rating and set a $12.00 target price on shares of Sanchez Energy Corp in a research note on Wednesday, January 20th. SunTrust cut their target price on shares of Sanchez Energy Corp from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, October 19th. KLR Group raised shares of Sanchez Energy Corp from an “accumulate” rating to a “buy” rating and set a $8.00 target price on the stock in a research note on Monday, November 23rd. Seaport Global Securities raised shares of Sanchez Energy Corp from an “accumulate” rating to a “buy” rating and set a $4.00 target price on the stock in a research note on Thursday, January 21st. Finally, Northland Securities cut their target price on shares of Sanchez Energy Corp from $9.00 to $7.00 in a research note on Thursday, January 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $9.81.

A hedge fund recently raised its stake in Sanchez Energy Corp stock. Baker Avenue Asset Management boosted its position in shares of Sanchez Energy Corp (NYSE:SN) by 109.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 143,650 shares of the company’s stock after buying an additional 75,000 shares during the period. Baker Avenue Asset Management owned approximately 0.23% of Sanchez Energy Corp worth $883,000 at the end of the most recent reporting period.

Sanchez Energy Corp (NYSE:SN) opened at 3.27 on Monday. The firm’s 50 day moving average price is $3.69 and its 200-day moving average price is $5.71. The firm’s market cap is $187.91 million. Sanchez Energy Corp has a 52 week low of $2.06 and a 52 week high of $16.14.

Sanchez Energy Corp (NYSE:SN) last posted its quarterly earnings results on Monday, November 9th. The company reported ($0.49) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.60) by $0.11. The company earned $154 million during the quarter, compared to the consensus estimate of $148.34 million. On average, analysts forecast that Sanchez Energy Corp will post ($2.63) EPS for the current year.

Sanchez Energy Corporation is an independent exploration and production company 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 (NYSE:SN) in Mississippi and Louisiana. In the Eagle Ford Shale, the Company has assembled approximately 226,000 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.

12 Month Chart for NYSE:SN

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