Stone Energy Corporation (NYSE:SGY) has been given a consensus recommendation of “Hold” by the six ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $12.33.
Several research firms recently commented on SGY. Zacks Investment Research raised shares of Stone Energy Corporation from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Wednesday, April 12th. ValuEngine lowered shares of Stone Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, May 26th. Finally, BidaskClub raised shares of Stone Energy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday.
Shares of Stone Energy Corporation (NYSE:SGY) traded up 0.31% during trading on Wednesday, hitting $25.80. 46,286 shares of the stock were exchanged. The stock’s 50 day moving average price is $20.29 and its 200 day moving average price is $25.20. The firm’s market capitalization is $515.97 million. Stone Energy Corporation has a 52 week low of $16.50 and a 52 week high of $87.50.
Stone Energy Corporation (NYSE:SGY) last released its earnings results on Monday, August 7th. The oil and natural gas company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.42. Stone Energy Corporation had a net margin of 41.74% and a negative return on equity of 107.39%. The company had revenue of $76.72 million for the quarter. On average, equities analysts predict that Stone Energy Corporation will post $0.05 earnings per share for the current year.
Several large investors have recently bought and sold shares of SGY. Bank of New York Mellon Corp bought a new stake in Stone Energy Corporation during the second quarter valued at approximately $1,497,000. Rhumbline Advisers bought a new stake in Stone Energy Corporation during the second quarter valued at approximately $421,000. Schwab Charles Investment Management Inc. bought a new stake in Stone Energy Corporation during the second quarter valued at approximately $1,740,000. Sei Investments Co. boosted its stake in Stone Energy Corporation by 12.7% in the second quarter. Sei Investments Co. now owns 13,039 shares of the oil and natural gas company’s stock valued at $240,000 after buying an additional 1,465 shares in the last quarter. Finally, Spark Investment Management LLC bought a new stake in Stone Energy Corporation during the second quarter valued at approximately $398,000. 87.24% of the stock is owned by hedge funds and other institutional investors.
Stone Energy Corporation Company Profile
Stone Energy Corporation is an independent oil and natural gas company. The Company is engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties. The Company operates in the Gulf of Mexico (GOM) basin. It has leveraged its operations in the GOM conventional shelf and has its reserve base in the prolific basins of the GOM deep water, Gulf Coast deep gas, and the Marcellus and Utica shales in Appalachia.
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