Sanchez Energy Quiet Period Ending Allows Bullish Analyst Calls (SN)

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By Jon C. Ogg Published

Sanchez Energy Corporation (NYSE: SN) has been a dismal Initial Public Offering stock, but now its quiet period is now expiring and the analysts at the underwriting firms get to issue their thoughts on a company.  This company is supposed to be a beneficiary of the Eagle Ford Shale in Texas.  Generally speaking, Sachez Energy is getting a very positive move in 2012.

Started as Buy with a $33 target at Canaccord Genuity;

Started as Buy with $28 target by Macquarie;

Started as Buy with a $26 target at Stifel Nicolaus;

Started as Outperform by Northland Securities and started as Overweight at Johnson Rice.

Shares of Sanchez Energy ar up 0.75% at $18.85 versus a post-IPO range of $16.96 to $19.22.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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