Last $32.92 USD
Change Today -1.33 / -3.88%
Volume 1.3M
SN On Other Exchanges
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

sanchez energy corp (SN) Snapshot

Open
$34.24
Previous Close
$34.25
Day High
$34.28
Day Low
$32.91
52 Week High
06/23/14 - $38.95
52 Week Low
08/8/13 - $20.40
Market Cap
1.9B
Average Volume 10 Days
1.1M
EPS TTM
$0.39
Shares Outstanding
58.1M
EX-Date
--
P/E TM
84.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for SANCHEZ ENERGY CORP (SN)

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sanchez energy corp (SN) Details

Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition, exploration, and development of unconventional oil and natural gas resources in the onshore U.S. Gulf Coast. As of March 5, 2014, it had approximately 120,000 net leasehold acres in the oil and condensate, or black oil and volatile oil, windows of the Eagle Ford Shale in South Texas; approximately 57,000 net acres targeting the Tuscaloosa Marine Shale in Mississippi and Louisiana. The company was founded in 2011 and is based in Houston, Texas.

sanchez energy corp (SN) Top Compensated Officers

Founder, Chief Executive Officer, President a...
Total Annual Compensation: $1.6M
Executive Chairman
Total Annual Compensation: $1.4M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $762.5K
Compensation as of Fiscal Year 2013.

sanchez energy corp (SN) Key Developments

Sanchez Energy Corporation Closes its Private Offering to Eligible Purchasers of $850 Million in Aggregate Principal Amount of 6.125% Senior Notes Due 2023

On June 27, 2014, Sanchez Energy Corporation closed its private offering to eligible purchasers of $850 million in aggregate principal amount of 6.125% senior notes due 2023. The Notes were issued pursuant to an indenture, dated as of June 27, 2014 among the Company, the guarantors party thereto and U.S. Bank National Association, as trustee. The Notes are the general unsecured senior obligations of the Company. The Notes will mature on January 15, 2023, and interest is payable on the Notes on January 15 and July 15 of each year, commencing January 15, 2015. The Company has the option to redeem all or a portion of the Notes at any time on or after July 15, 2018 at the redemption prices specified in the Indenture plus accrued and unpaid interest, if any. The Company may also redeem all or any part of the Notes at a make-whole redemption price specified in the Indenture, plus accrued and unpaid interest, if any, at any time before July 15, 2018. In addition, the Company may redeem up to 35% of the aggregate principal amount of the Notes before July 15, 2017 under certain circumstances with the net cash proceeds from certain equity offerings at a redemption price of 106.125% of the principal amount of the notes redeemed, plus accrued and unpaid interest, if any. The Company may also be required to repurchase the Notes upon a change of control.

Sanchez Energy Corporation Commences Exchange Offer of Up to $600 Million Aggregate Principal Amount of Its 7.75% Senior Notes Due 2021

Sanchez Energy Corporation announced that it has commenced an exchange offer of up to $600 million aggregate principal amount of its 7.75% Senior Notes due 2021 that have been registered under the Securities Act of 1933, as amended for an equal amount of its outstanding 7.75% Senior Notes due 2021 that have not been registered under the Act. The New Notes will have terms that are identical in all material respects to the terms of the Old Notes, except that the New Notes will be registered under the Act and will not have any of the transfer restrictions, registration rights or additional interest relating to the Old Notes. Sanchez Energy will not receive any proceeds for the exchange offer. The exchange offer will expire at 12:00 midnight (New York City time) on July 18, 2014, unless extended. This announcement is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase any securities. The exchange offer is being made solely by the Company's prospectus, dated June 20, 2014, with respect to the exchange offer and the related letter of transmittal.

Sanchez Energy Announces Upsize and Pricing of Private Offering of $850 Million in Senior Notes

Sanchez Energy Corporation announced that it has priced at par its private offering to eligible purchasers of $850 million in aggregate principal amount of 6.125% senior notes due 2023. The offering was upsized from the previously announced $700 million aggregate principal amount and is expected to close on June 27, 2014, subject to customary closing conditions. If closing of the offering occurs prior to closing of its pending Catarina acquisition, Sanchez Energy will deposit the net proceeds of the offering into escrow pending closing of the Catarina acquisition. Upon release from escrow, Sanchez Energy intends to use the net proceeds from this offering to fund its pending Catarina acquisition (together with the net proceeds from its concurrent common stock offering) and for general corporate purposes, including working capital and to repay borrowings under its credit facility. If the closing of the pending Catarina acquisition does not occur on or prior to August 31, 2014, or if the purchase and sale agreement for the pending Catarina acquisition is terminated at any time before then, Sanchez Energy will use all of the net proceeds of the offering for redemption of the senior notes at a redemption price equal to 100% of the aggregate principal of the senior notes being redeemed, plus accrued and unpaid interest to the redemption date. The senior notes will be senior unsecured obligations of Sanchez Energy and will be guaranteed on a senior unsecured basis by, with certain exceptions, substantially all of its existing and future subsidiaries.

 

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SN

Industry Average

Valuation SN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.7x
Price/Book 1.9x
Price/Cash Flow 9.0x
TEV/Sales 2.9x
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