UPDATE: Global Hunter Securities Starts Sanchez Energy (SN) at Buy; Ssignificant Long-Term Growth Potential
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Price: $23.34 +0.60%
Rating Summary:
11 Buy, 1 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
11 Buy, 1 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade SN Now!
(Updated - July 24, 2012 10:25 AM EDT)
Global Hunter Securities initiates coverage on Sanchez Energy (NYSE: SN) with a Buy. PT $25.00.
Analyst, Curtis Trimble, said, "Sanchez Energy (SN) is a unique small-cap E&P and one of the purest Eagle Ford Shale plays in the E&P sector. Via last December's IPO, SN broke off from its private parent company, Sanchez Oil & Gas (SOG). SN has approximately 404 drillable locations in the Eagle Ford spread around three primary fields. While recent well results may have disappointed investors, our conservatively modeled type curve (which rests well below the company's modeled type curve) still suggests substantial profit potential. Given the solid rates of returns from its Eagle Ford wells combined with a competitive $17 F&D cost per barrel, we believe SN has significant long-term growth potential from a relatively small resource base."
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 $18.69 yesterday, with a 52 week range of $16.96-$25.37.
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Global Hunter Securities initiates coverage on Sanchez Energy (NYSE: SN) with a Buy. PT $25.00.
Analyst, Curtis Trimble, said, "Sanchez Energy (SN) is a unique small-cap E&P and one of the purest Eagle Ford Shale plays in the E&P sector. Via last December's IPO, SN broke off from its private parent company, Sanchez Oil & Gas (SOG). SN has approximately 404 drillable locations in the Eagle Ford spread around three primary fields. While recent well results may have disappointed investors, our conservatively modeled type curve (which rests well below the company's modeled type curve) still suggests substantial profit potential. Given the solid rates of returns from its Eagle Ford wells combined with a competitive $17 F&D cost per barrel, we believe SN has significant long-term growth potential from a relatively small resource base."
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 $18.69 yesterday, with a 52 week range of $16.96-$25.37.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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