Sanchez Energy (SN) PT Raised to $18 at FBR

FBR Capital analyst Chad Mabry increases price target on Outperform-rated Sanchez Energy (NYSE: SN) to $18 (from $16), as the recent Comanche acquisition should improve estimates and drive upside valuations.

Mabry comments, "We believe last week's equity issuance from the company should (1) remove the equity overhang, (2) prepare Sanchez to potentially expand its position in Comanche, and (3) better position SN to execute on its 2017 capital development program."

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 $13.46 yesterday.

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