Stone Energy Corp. Reaches New 12-Month High at $34.67 (SGY)
Stone Energy Corp. (NYSE:SGY)’s share price reached a new 52-week high on Friday, American Banking & Market News reports. The company traded as high as $34.67 and last traded at $34.46, with a volume of 301,162 shares traded. The stock had previously closed at $33.60.
A number of research firms have recently commented on SGY. Analysts at Cowen and Company raised their price target on shares of Stone Energy Corp. from $30.00 to $35.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks upgraded shares of Stone Energy Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 3rd. They now have a $40.00 price target on the stock. Finally, analysts at Sidoti initiated coverage on shares of Stone Energy Corp. in a research note to investors on Friday, September 13th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $28.36.
Stone Energy Corp. has a 52 week low of $17.34 and a 52 week high of $34.19. The stock’s 50-day moving average is $30.67 and its 200-day moving average is $24.82. The company has a market cap of $1.682 billion and a P/E ratio of 11.28.
Stone Energy Corp. (NYSE:SGY) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Stone Energy Corp. will post $3.00 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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