As Sanchez Energy Corp (SN) Shares Declined, Holder Brigade Capital Management LP Has Decreased Its Holding

May 17, 2018 - By Cecil Scoggins

Sanchez Energy Corporation (NYSE:SN) LogoInvestors sentiment decreased to 0.98 in Q4 2017. Its down 0.16, from 1.14 in 2017Q3. It is negative, as 20 investors sold SN shares while 34 reduced holdings. 18 funds opened positions while 35 raised stakes. 45.63 million shares or 5.04% less from 48.05 million shares in 2017Q3 were reported. Blackrock Incorporated invested in 3.87 million shares or 0% of the stock. Columbia Pacific Advsr Limited Liability Company accumulated 398,029 shares. 19,484 are held by Corecommodity Management Ltd. Baldwin Brothers Ma holds 0% or 115 shares in its portfolio. Jane Street Gp Llc holds 14,203 shares or 0% of its portfolio. D E Shaw & Incorporated has invested 0% of its portfolio in Sanchez Energy Corporation (NYSE:SN). Millennium Mngmt Limited Company stated it has 0.02% of its portfolio in Sanchez Energy Corporation (NYSE:SN). Citadel Lc holds 0% of its portfolio in Sanchez Energy Corporation (NYSE:SN) for 62,424 shares. California State Teachers Retirement Systems holds 0% of its portfolio in Sanchez Energy Corporation (NYSE:SN) for 114,307 shares. Cambridge Invest Rech Advisors owns 17,050 shares or 0% of their US portfolio. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Sanchez Energy Corporation (NYSE:SN). Legal & General Grp Inc Public Ltd Com has invested 0% of its portfolio in Sanchez Energy Corporation (NYSE:SN). First Manhattan Communications reported 0% stake. Blackstone Grp Lp has 0.04% invested in Sanchez Energy Corporation (NYSE:SN). Voya Invest Mgmt Ltd Llc holds 33,214 shares.

Since January 3, 2018, it had 0 insider buys, and 14 selling transactions for $1.09 million activity. The insider Hink Kirsten A sold 2,559 shares worth $9,509. $19,496 worth of Sanchez Energy Corporation (NYSE:SN) shares were sold by Heinson Christopher. Kopel Gregory B sold $44,664 worth of stock. 13,202 shares were sold by Sanchez Patricio D., worth $49,059 on Monday, April 16. Another trade for 8,251 shares valued at $24,596 was sold by Thill Howard J SR.

Don Morgan decreased its stake in Sanchez Energy Corp (SN) by 67.58% based on its latest 2017Q4 regulatory filing with the SEC. Brigade Capital Management Lp sold 1.23 million shares as the company’s stock declined 42.40% with the market. The hedge fund run by Don Morgan held 590,000 shares of the oil & gas production company at the end of 2017Q4, valued at $3.13M, down from 1.82 million at the end of the previous reported quarter. Brigade Capital Management Lp who had been investing in Sanchez Energy Corp for a number of months, seems to be less bullish one the $327.65 million market cap company. The stock increased 8.97% or $0.34 during the last trading session, reaching $4.13. About 3.04 million shares traded. Sanchez Energy Corporation (NYSE:SN) has declined 66.23% since May 17, 2017 and is downtrending. It has underperformed by 77.78% the S&P500.

Brigade Capital Management Lp, which manages about $17.09 billion and $1.83 billion US Long portfolio, upped its stake in Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 200,000 shares to 600,000 shares, valued at $22.71M in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (Put) (IWM) by 771,000 shares in the quarter, for a total of 1.37M shares, and has risen its stake in Spdr S&P 500 Etf Tr (Put) (SPY).

Analysts await Sanchez Energy Corporation (NYSE:SN) to report earnings on August, 8. They expect $0.19 earnings per share, up 163.33 % or $0.49 from last year’s $-0.3 per share. SN’s profit will be $15.07 million for 5.43 P/E if the $0.19 EPS becomes a reality. After $-0.05 actual earnings per share reported by Sanchez Energy Corporation for the previous quarter, Wall Street now forecasts -480.00 % EPS growth.

More news for Sanchez Energy Corporation (NYSE:SN) were recently published by: Seekingalpha.com, which released: “Sanchez Energy: Management Deja Vu” on May 10, 2018. Seekingalpha.com‘s article titled: “Sanchez Energy -9% on disappointing Q1 earnings, production” and published on May 08, 2018 is yet another important article.

Sanchez Energy Corporation (NYSE:SN) Ratings Coverage

Among 9 analysts covering Sanchez Energy Corporation (NYSE:SN), 1 have Buy rating, 2 Sell and 6 Hold. Therefore 11% are positive. Sanchez Energy Corporation had 13 analyst reports since December 11, 2017 according to SRatingsIntel. The firm has “Market Perform” rating by Northland Capital given on Tuesday, February 27. The firm earned “Hold” rating on Friday, April 20 by Northland Capital. On Tuesday, January 9 the stock rating was maintained by Piper Jaffray with “Hold”. Stephens maintained it with “Hold” rating and $400 target in Tuesday, April 24 report. J.P. Morgan downgraded the stock to “Sell” rating in Friday, December 15 report. The rating was maintained by Northland Capital on Monday, December 11 with “Buy”. SunTrust maintained Sanchez Energy Corporation (NYSE:SN) rating on Monday, February 26. SunTrust has “Hold” rating and $4.0 target. On Monday, April 23 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Underweight” rating by JP Morgan given on Friday, December 15. The rating was downgraded by KLR Group on Wednesday, April 18 to “Hold”.

Sanchez Energy Corporation (NYSE:SN) Institutional Positions Chart

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