Stone Energy Corp. (NYSE:SGY) Given Average Recommendation of “Hold” by Analysts
Shares of Stone Energy Corp. (NYSE:SGY) have earned an average recommendation of “Hold” from the sixteen research firms that are currently covering the company. Four equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $5.35.
SGY has been the subject of a number of recent research reports. Barclays PLC boosted their target price on Stone Energy Corp. to $3.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 15th. National Securities restated a “neutral” rating and issued a $7.00 target price on shares of Stone Energy Corp. in a research report on Wednesday, August 3rd. FBR & Co downgraded Stone Energy Corp. from an “outperform” rating to a “mkt perform” rating in a research report on Wednesday, June 1st. 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. Finally, Imperial Capital dropped 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.
Several institutional investors have recently bought and sold shares of SGY. AQR Capital Management LLC raised its stake in 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. Citadel Advisors LLC raised its stake in 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. Stonehill Capital Management LLC purchased a new stake in Stone Energy Corp. during the second quarter valued at $438,000. Scoggin Management LP purchased a new stake in Stone Energy Corp. during the second quarter valued at $905,000. Finally, Societe Generale purchased a new stake in Stone Energy Corp. during the second quarter valued at $128,000. 35.90% of the stock is currently owned by hedge funds and other institutional investors.
Stone Energy Corp. (NYSE:SGY) traded down 5.44% during trading on Friday, hitting $10.60. The company’s stock had a trading volume of 333,442 shares. The firm’s market cap is $59.25 million. The firm has a 50 day moving average of $11.17 and a 200 day moving average of $10.71. 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 issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($7.45) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($6.42) by $1.03. The business had revenue of $89.32 million for the quarter, compared to the consensus estimate of $79.01 million. Stone Energy Corp. had a negative net margin of 241.14% and a negative return on equity of 39.01%. During the same quarter last year, the business posted ($1.69) EPS. Equities research analysts predict that Stone Energy Corp. will post ($0.06) earnings per share for the current year.
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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