Canaccord Genuity Maintains a 'Buy' on Sanchez Energy (SN); Encouraged by Maverick Test

Canaccord Genuity maintains a 'Buy' on Sanchez Energy (NYSE: SN) price target of $17.00.

Analyst, John Gerdes, said, "Our $36 per share target price is unchanged following minor model refinements. Sanchez is wholly levered to the Eagle Ford trend and has a premier asset in the non-operated Palmetto area. Further, the company has completed what appear to be solidly competitive vertical tests, and most recently a strong horizontal test in the Maverick area. We look forward to Sanchez’s initial horizontal test results in the Marquis area in southwestern Fayette County."

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 $17.44 yesterday.

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