Sanchez Energy Corporation (SN) Trades at 52-Week Low


The company is so far trading down by 4.73% percent from yesterday’s close. It is trading at $3.83 which is significantly lower than the 50 day moving average which is $4.50 and well below the 200 day moving average of $5.97. The 50 day moving average went down by -14.83% and the 200 day average went down by -35.82%.

Investors are a little more bullish on shares of the company recently as implied by the motion in short interest. The company saw a fall in short interest of -21.69% as of the latest report on September 29, 2017. Short shares fell from 25,363,666 to 19,861,501 over that timeframe. The short-interest ratio decreased to 6.0 and the short interest percentage is 0.26% as of September 29.

There has been some buying and selling insider activity on Sanchez Energy Corporation (NYSE:SN) recently. Howard J. Sr Thill, EVP let go of $70,451 worth of shares at an average price of $4.27 on Thu the 12th. The EVP now owns $1,103,799 of the stock as recorded in a recent Form 4 SEC filing. Patricio D. Sanchez, EVP bought $1,462,400 worth of shares at a price of $4.57 on Fri the 15th. Sanchez now owns $2,611,686 of stock per an SEC filing yesterday.

President Eduardo Augusto Sanchez disclosed the purchase of 100,000 shares of (SN). The shares were purchased at an average price of $4.77. The President now owns $5,895,629 of the stock per the Form 4 SEC filing.

Sanchez Energy Corporation, launched on August 22, 2011, is an independent exploration and production company. The Company is focused on the acquisition and development of the United States onshore unconventional oil and natural gas resources. The Company primarily focuses on the Eagle Ford Shale in South Texas. The Company also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana. As of December 31, 2016, the Company had assembled approximately 278,000 net leasehold acres in the Eagle Ford Shale..

These firms have modified their investment in SN. Stratos Wealth Partners, Ltd. added to its investment by buying 2,800 shares an increase of 7.4% as of 06/30/2017. Stratos Wealth Partners, Ltd. controls 40,835 shares worth $293,000. The total value of its holdings decreased 19.3%. Parkwood LLC grew its stake by buying 42,290 shares an increase of 49.0% in the quarter. Parkwood LLC owns 128,638 shares with a value of $924,000. The value of the position overall is up by 12.1%.

Cutler Group LP divested its position by selling 59,589 shares a decrease of 86.4% from 06/30/2017 to 09/30/2017. Cutler Group LP now controls 9,411 shares valued at $45,000. The total value of its holdings increased 32.4%. As of quarter end Bank Of Montreal /can/ had disposed of a total of 25,886 shares trimming its holdings by 93.2%. The value of the investment in (SN) decreased from $199,000 to $9,000 a change of 95.5% quarter to quarter.

On September 15 analysts at JP Morgan started covering the stock giving it an initial rating of “Neutral”.