Canaccord Genuity Reiterates a 'Buy' on Sanchez Energy (SN); Riding Off with Maverick and Palmetto

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Canaccord Genuity reiterates a 'Buy' on Sanchez Energy (NYSE: SN) price target of $33.00.

Analyst, John Gerdes, said, "Sanchez Energy is almost entirely levered to the Eagle Ford and has a premier asset in the non-operated Palmetto area. Further, the company has completed what appears to be a solidly competitive initial vertical test in the Maverick area, and industry tests near the Marquis area continue to improve. We believe the company’s delineation program in these two areas should generate meaningful value for shareholders."

For an analyst ratings summary and ratings history on Sanchez Energy click here. For more ratings news on Sanchez Energy click here.

Shares of Sanchez Energy closed at $22.06 yesterday, with a 52 week range of $16.96-$25.23.

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