RBC Capital Reiterates a Buy Rating on Sanchez Energy Corporation

By Austin Angelo

In a report released today, Scott Hanold from RBC Capital reiterated a Buy rating on Sanchez Energy Corporation (NYSE: SN), with a price target of $13. The company’s shares opened today at $6.28, close to its 52-week low of $5.64.

According to TipRanks.com, Hanold is a 1-star analyst with an average return of -1.6% and a 38.3% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Contango Oil & Gas Company, Quicksilver Resources Inc, and Jagged Peak Energy Inc.

Currently, the analyst consensus on Sanchez Energy Corporation is Moderate Buy and the average price target is $12.75, representing a 103.0% upside.

In a report issued on May 15, KLR Group also maintained a Buy rating on the stock with a $10 price target.

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 3.73M.

Based on the recent corporate insider activity of 48 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.