Stone Energy Corp. PT Raised to $36.00 at Ladenburg Thalmann (SGY)
Research analysts at Ladenburg Thalmann lifted their price objective on shares of Stone Energy Corp. (NYSE:SGY) from $32.00 to $36.00 in a report released on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Ladenburg Thalmann’s target price points to a potential upside of 23.20% from the company’s current price.
Separately, analysts at Barclays Capital raised their price target on shares of Stone Energy Corp. (NYSE:SGY) from $26.00 to $35.00 in a research note to investors on Thursday, August 15th. They now have an “overweight” rating on the stock.
Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $22.75.
Stone Energy Corp. (NYSE:SGY) opened at 29.22 on Tuesday. Stone Energy Corp. has a one year low of $17.34 and a one year high of $29.25. The stock has a 50-day moving average of $27.13 and a 200-day moving average of $23.08. The company has a market cap of $1.423 billion and a P/E ratio of 9.81.
Stone Energy Corp. (NYSE:SGY) last announced its earnings results on Monday, August 5th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.10. The company had revenue of $245.90 million for the quarter, compared to the consensus estimate of $222.89 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts expect that Stone Energy Corp. will post $2.92 EPS for the current fiscal year.
Stone Energy Corporation (NYSE:SGY) is an independent oil and natural gas company engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties.
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