$0.53 Earnings Per Share Expected for Stone Energy Co. (SGY) This Quarter

Wall Street analysts expect that Stone Energy Co. (NYSE:SGY) will announce earnings of $0.53 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Stone Energy’s earnings. The company is scheduled to issue its next earnings results on Monday, June 11th.

On average, analysts expect that Stone Energy will report full year earnings of $2.25 per share for the current fiscal year. For the next financial year, analysts expect that the firm will report earnings of $1.35 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Stone Energy.

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Stone Energy (NYSE:SGY) last released its earnings results on Monday, March 12th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.10). Stone Energy had a return on equity of 128.72% and a net margin of 116.92%. The company had revenue of $76.33 million during the quarter.



A number of research analysts recently issued reports on SGY shares. Zacks Investment Research raised shares of Stone Energy from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Wednesday, March 21st. ValuEngine raised shares of Stone Energy from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Stone Energy presently has a consensus rating of “Hold” and a consensus target price of $12.38.

Shares of SGY traded down $0.76 during mid-day trading on Wednesday, hitting $36.91. 131,283 shares of the company’s stock were exchanged, compared to its average volume of 173,662. Stone Energy has a twelve month low of $16.76 and a twelve month high of $40.16. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.12 and a current ratio of 2.12.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in Stone Energy by 9.1% in the 4th quarter. BlackRock Inc. now owns 1,169,823 shares of the oil and natural gas company’s stock valued at $37,620,000 after acquiring an additional 97,727 shares in the last quarter. Royce & Associates LP increased its position in Stone Energy by 46.1% in the 4th quarter. Royce & Associates LP now owns 581,179 shares of the oil and natural gas company’s stock valued at $18,691,000 after acquiring an additional 183,500 shares in the last quarter. Renaissance Technologies LLC increased its position in Stone Energy by 34.2% in the 4th quarter. Renaissance Technologies LLC now owns 265,100 shares of the oil and natural gas company’s stock valued at $8,526,000 after acquiring an additional 67,600 shares in the last quarter. Bank of New York Mellon Corp increased its position in Stone Energy by 216.4% in the 4th quarter. Bank of New York Mellon Corp now owns 257,509 shares of the oil and natural gas company’s stock valued at $8,281,000 after acquiring an additional 176,110 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Stone Energy by 56.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 185,714 shares of the oil and natural gas company’s stock valued at $5,973,000 after acquiring an additional 67,257 shares in the last quarter. 98.82% of the stock is owned by hedge funds and other institutional investors.

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Stone Energy Company Profile

Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico. As of December 31, 2017, it had an estimated proved oil and natural gas reserves of approximately 32.5 million barrels of oil equivalent.

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