Friday, December 29, 2017 10:15 PM ET
Sanchez Energy (SN) sees Significant Insider Selling
A SEC filing today revealed a notable insider sale of Sanchez Energy shares as — Eduardo Augusto Sanchez, Required Filer — disposed of 250,337 shares in the company having a market value of approximately $1,166,821. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trading at Sanchez Energy is near the 193 member peer company average. The Oil & Gas Exploration and Production peer group saw 166 buy/sell trades during this period for an average of 0.9 transactions per company. However, the number of shares per buy/sell trade transacted by Sanchez Energy insiders is higher. Within the peer group there were 3,660,798 shares purchased and 7,738,155 shares sold with company insiders disposing of 24,562 shares on average.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data obtained to compose and write this story.
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