Shares of Stone Energy Corp. (NYSE:SGY) have been given a consensus rating of “Hold” by the sixteen brokerages that are presently covering the company. Four investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $5.35.
SGY has been the subject of a number of research reports. FBR & Co downgraded Stone Energy Corp. from an “outperform” rating to a “mkt perform” rating in a research report on Wednesday, June 1st. Imperial Capital lowered their target price on Stone Energy Corp. from $8.00 to $6.00 and set an “outperform” rating for the company in a research report on Wednesday, June 1st. Barclays PLC increased their target price on Stone Energy Corp. to $3.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 15th. Howard Weil increased their target price on Stone Energy Corp. to $17.00 and gave the company a “sector perform” rating in a research report on Thursday, June 30th. Finally, Zacks Investment Research upgraded Stone Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a research report on Monday, July 11th.
Shares of Stone Energy Corp. (NYSE:SGY) opened at 10.67 on Friday. The company’s market cap is $59.65 million. The company has a 50-day moving average of $11.18 and a 200 day moving average of $10.53. Stone Energy Corp. has a 12-month low of $2.70 and a 12-month high of $98.40.
Stone Energy Corp. (NYSE:SGY) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported ($7.45) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($6.42) by $1.03. Stone Energy Corp. had a negative return on equity of 39.01% and a negative net margin of 241.14%. The business earned $89.32 million during the quarter, compared to the consensus estimate of $79.01 million. During the same quarter in the previous year, the company earned ($1.69) earnings per share. On average, equities research analysts expect that Stone Energy Corp. will post ($0.06) EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Societe Generale acquired a new stake in Stone Energy Corp. during the second quarter worth $128,000. Stonehill Capital Management LLC purchased a new position in shares of Stone Energy Corp. during the second quarter valued at approximately $438,000. Citadel Advisors LLC raised its position in shares of Stone Energy Corp. by 66.9% in the second quarter. Citadel Advisors LLC now owns 60,431 shares of the company’s stock valued at $729,000 after buying an additional 24,215 shares in the last quarter. Scoggin Management LP purchased a new position in shares of Stone Energy Corp. during the second quarter valued at approximately $905,000. Finally, AQR Capital Management LLC raised its position in shares of Stone Energy Corp. by 72.2% in the second quarter. AQR Capital Management LLC now owns 92,906 shares of the company’s stock valued at $1,121,000 after buying an additional 38,943 shares in the last quarter. Institutional investors and hedge funds own 35.90% of the company’s stock.
About Stone Energy Corp.
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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