Stone Energy Corp. Now Covered by Sidoti (SGY)
Stock analysts at Sidoti began coverage on shares of Stone Energy Corp. (NYSE:SGY) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of Stone Energy Corp. (NYSE:SGY) traded up 0.59% during mid-day trading on Friday, hitting $30.45. The stock had a trading volume of 215,485 shares. Stone Energy Corp. has a 52 week low of $17.34 and a 52 week high of $30.45. The stock’s 50-day moving average is $27.55 and its 200-day moving average is $23.26. The company has a market cap of $1.483 billion and a P/E ratio of 10.16.
Stone Energy Corp. (NYSE:SGY) last posted its quarterly 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 previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, analysts predict that Stone Energy Corp. will post $2.96 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Global Hunter Securities raised their price target on shares of Stone Energy Corp. (NYSE:SGY) from $32.00 to $33.00 in a research note to investors on Tuesday. They now have an “accumulate” rating on the stock. Separately, analysts at Ladenburg Thalmann raised their price target on shares of Stone Energy Corp. (NYSE:SGY) from $32.00 to $36.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, 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 equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $23.92.
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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