Updated from 10:52 AM EDT.

NEW YORK (TheStreet) -- Shares of Sanchez Energy (SN) - Get Report were jumping 18% to $7.80 on heavy trading volume late Monday afternoon after the company reported a smaller-than-expected loss for the 2016 second quarter.

Before today's market open, the Houston-based oil and natural gas company posted an adjusted loss of 6 cents per share, the Associated Press reports. Analysts were looking for a loss of 9 cents per share

Sanchez Energy had a net loss per share of $3.20.

Revenue for the period was $110.97 million, below Wall Street's projections of $126.48 million.

Additionally, oil prices are higher today. Crude oil (WTI) was gaining 2.37% to $42.7 per barrel and Brent crude was increasing 1.9% to $45.11 per barrel this afternoon.

About 8.64 million of the company's shares were traded so far today vs. its average volume of 2.23 million shares per day.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D- on the stock.

The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow, poor profit margins and generally disappointing historical performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: SN

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