BMO Capital analyst Phillip Jungwirth reiterated a Hold rating on Sanchez Energy Corporation (NYSE: SN) today and set a price target of $10. The company’s shares closed last Friday at $6.92, close to its 52-week low of $5.64.
According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 5.5% and a 50.3% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Rice Midstream Partners, Jagged Peak Energy Inc, and Whiting Petroleum Corp.
Sanchez Energy Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $13.50.
The company has a one year high of $14.39 and a one year low of $5.64. Currently, Sanchez Energy Corporation has an average volume of 3.61M.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SN in relation to earlier this year.
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Sanchez Energy Corp. is an independent exploration and production company. It is focused on the acquisition and development of unconventional oil and natural gas resources in the onshore U.S. Gulf Coast. Its properties include Eagle Ford Shale and Tuscaloosa Marine Shale. The company was founded by Antonio R. Sanchez on August 22, 2011 and is headquartered in Houston, TX.