BMO Capital Sticks to Their Hold Rating for Sanchez Energy Corporation

By Carrie Williams

BMO Capital analyst Randy Ollenberger reiterated a Hold rating on Sanchez Energy Corporation (NYSE: SN) yesterday and set a price target of $5. The company’s shares closed yesterday at $6.77, close to its 52-week high of $14.39.

According to TipRanks.com, Ollenberger is ranked 0 out of 5 stars with an average return of -11.2% and a 25.6% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Spectra Energy Partners, and Rice Midstream Partners.

Sanchez Energy Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $10.50.

Based on Sanchez Energy Corporation’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $134 million and quarterly net profit of $9.7 million. In comparison, last year the company earned revenue of $79.82 million and had a GAAP net loss of $65.77 million.

Based on the recent corporate insider activity of 52 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.