Shares of Stone Energy Corporation (NYSE:SGY) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $5.08.
Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Stone Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. BMO Capital Markets reiterated a “buy” rating and issued a $2.75 price objective on shares of Stone Energy Corporation in a research report on Wednesday, November 15th. Scotiabank reiterated a “hold” rating and issued a $2.50 price objective on shares of Stone Energy Corporation in a research report on Tuesday, October 10th. ValuEngine upgraded Stone Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 31st. Finally, BidaskClub upgraded Stone Energy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th.
A number of large investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP purchased a new position in Stone Energy Corporation in the third quarter worth $206,000. Cornerstone Capital Management Holdings LLC. raised its position in Stone Energy Corporation by 83.0% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 62,600 shares of the oil and natural gas company’s stock worth $1,818,000 after acquiring an additional 28,400 shares in the last quarter. Royce & Associates LP raised its position in Stone Energy Corporation by 85.4% in the third quarter. Royce & Associates LP now owns 397,679 shares of the oil and natural gas company’s stock worth $11,557,000 after acquiring an additional 183,179 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in Stone Energy Corporation in the third quarter worth $2,486,000. Finally, Schwab Charles Investment Management Inc. raised its position in Stone Energy Corporation by 25.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 118,457 shares of the oil and natural gas company’s stock worth $3,443,000 after acquiring an additional 23,793 shares in the last quarter. Hedge funds and other institutional investors own 98.00% of the company’s stock.
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Stone Energy Corporation (NYSE SGY) traded up $1.15 during trading on Friday, hitting $35.49. The stock had a trading volume of 172,560 shares, compared to its average volume of 217,991. Stone Energy Corporation has a twelve month low of $14.76 and a twelve month high of $49.96. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.20 and a quick ratio of 2.20.
Stone Energy Corporation (NYSE:SGY) last released its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.37. Stone Energy Corporation had a return on equity of 590.23% and a net margin of 68.43%. The business had revenue of $79.53 million during the quarter. During the same quarter last year, the company earned ($0.02) EPS. sell-side analysts anticipate that Stone Energy Corporation will post -1.45 EPS for the current fiscal year.
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.
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