Sanchez Energy Corp. (fka SNECQ)

[Timothy Smith]

@Boomer23 in complete agreement. Zacks is bullish too.

Sanchez Energy Corp (NYSE: SN) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Wednesday. The firm currently has a $21.80 target price on the stock.

Sanchez Energy Corp traded down 1.91% on Wednesday, hitting $20.00. Sanchez Energy Corp has a 1-year low of $16.37 and a 1-year high of $25.37. The stock’s 50-day moving average is currently $18.40. The company’s market cap is $670.6 million.

Other equities research analysts have also recently issued reports about the stock. Analysts at C.K. Cooper initiated coverage on shares of Sanchez Energy Corp in a research note to investors on Thursday, January 3rd. They set a “buy” rating and a $25.00 price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Sanchez Energy Corp in a research note to investors on Monday, December 17th. They now have a $21.00 price target on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Sanchez Energy Corp in a research note to investors on Wednesday, December 5th. They set a “sector perform” rating and a $21.00 price target on the stock.

Eight analysts have rated the stock with a buy rating, three have issued an overweight rating, and one has assigned a hold rating to the stock. The company currently has a consensus rating of “buy” and an average price target of $27.73.

Sanchez Energy Corporation is an independent exploration and production company focused on the exploration, acquisition and development of unconventional oil and natural gas resources.