Sanchez Energy Corporation (SN) Gets a Hold Rating from RBC Capital

By Carrie Williams

In a report released yesterday, Brad Heffern from RBC Capital reiterated a Hold rating on Sanchez Energy Corporation (SNResearch Report), with a price target of $0.50. The company’s shares opened today at $0.28, close to its 52-week low of $0.22.

According to, Heffern is a 5-star analyst with an average return of 11.3% and a 48.0% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Marathon Petroleum Corporation, Contango Oil & Gas Company, and Continental Resources.

Sanchez Energy Corporation has an analyst consensus of Hold, with a price target consensus of $2.28.

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Based on Sanchez Energy Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $5.6 million. In comparison, last year the company had a GAAP net loss of $61.35 million.

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Sanchez Energy Corp. is an independent exploration and production company, which engages in 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.