Sanchez Energy weakness related to Sante well issues, says Stephens Stephens attributes weakness seen yesterday in shares of Sanchez Energy to a filing with the Texas Railroad Commission that revealed a poor well result from the Sante North step-out well. The firm says the company experienced mechanical issues on the eighth plug in the well and is currently bringing in a rig to remove the rest of the plugs. Stephen expects the company to provide an update on its Q1 call and reiterates its Overweight rating and $32 price target on Sanchez.
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