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How Is the Comanche Acquisition Working Out for Sanchez Energy?

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Part 10
How Is the Comanche Acquisition Working Out for Sanchez Energy? PART 10 OF 13

Factors Driving Sanchez Energy’s Stock Movements

Stock drivers

Sanchez Energy (SN) stock has fallen 48% since 2017 started. However, SN stock has been showing recent upward movement in the wake of the crude oil price recovery.

Factors Driving Sanchez Energy’s Stock Movements

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Recent trends in SN’s stock

In the graph above, we can see that Sanchez Energy has mostly mirrored crude oil’s price movements. Crude oil prices have closed above $50 per barrel every day since September 20, 2017. On September 27, crude oil prices closed at $52.06 per barrel.

The momentum in crude oil prices also caused the Energy Select Sector SPDR ETF (XLE) to rise. Since September 20, XLE has risen 2.3%.

As we can see in the graph above, SN has underperformed XLE for the most of this year. The peak we saw at the beginning of the year resulted from SN’s $2.3 billion Comanche Eagle Ford assets acquisition from Anadarko Petroleum (APC). The acquisition, which was partnered between SN and Blackstone Energy, closed in March. 

Falling crude oil prices impacted most energy stocks this year, which explains why SN started falling in late March. Both SN and XLE have underperformed the SPDR S&P 500 ETF (SPY).

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