Sanchez Energy Launches Common Stock Offering

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Sanchez Energy (SN) PT Lowered to $17 at KLR Group; Reiterates Buy

February 1, 2017 11:44 AM EST

KLR Group lowered its price target on Sanchez Energy (NYSE: SN) to $17.00 (from $18.00) while maintaining a Buy rating.

Analyst John Gerdes commented, "We are decreasing our target price $1 to $17 per share due to the dilutive impact of the equity issuance partly offset by a 10% increase in... More