Equities research analysts expect Stone Energy Corporation (NYSE:SGY) to announce earnings of ($14.92) per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Stone Energy Corporation’s earnings. Stone Energy Corporation posted earnings of ($42.26) per share during the same quarter last year, which would indicate a positive year over year growth rate of 64.7%. The company is scheduled to issue its next quarterly earnings report after the market closes on Monday, August 7th.
On average, analysts expect that Stone Energy Corporation will report full-year earnings of ($52.58) per share for the current fiscal year. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Stone Energy Corporation.
Several brokerages recently issued reports on SGY. Zacks Investment Research raised shares of Stone Energy Corporation from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, April 12th. ValuEngine downgraded shares of Stone Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, May 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $12.33.
Stone Energy Corporation (NYSE:SGY) opened at 19.74 on Monday. The company’s market capitalization is $394.78 million. The stock has a 50 day moving average of $21.15 and a 200 day moving average of $26.44. Stone Energy Corporation has a 12-month low of $16.50 and a 12-month high of $32.39.
WARNING: This news story was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://stocknewstimes.com/2017/07/24/zacks-brokerages-expect-stone-energy-corporation-nysesgy-to-post-14-92-earnings-per-share.html.
Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Stone Energy Corporation during the first quarter worth $123,000. Sei Investments Co. bought a new position in shares of Stone Energy Corporation during the first quarter worth $253,000. Snow Capital Management LP bought a new position in shares of Stone Energy Corporation during the first quarter worth $798,000. GeoSphere Capital Management bought a new position in shares of Stone Energy Corporation during the first quarter worth $4,202,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Stone Energy Corporation during the first quarter worth $4,261,000. 87.12% of the stock is owned by institutional investors.
About Stone Energy Corporation
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.
Get a free copy of the Zacks research report on Stone Energy Corporation (SGY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Stone Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stone Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
