Stone Energy Corp. PT Lowered to $38.00 (SGY)
MLV Capital cut their price objective on shares of Stone Energy Corp. (NYSE:SGY) from $40.00 to $38.00 in a research note issued on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. MLV Capital’s price target indicates a potential upside of 17.57% from the stock’s previous close.
Stone Energy Corp. (NYSE:SGY) last announced its earnings results on Tuesday, November 5th. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.76 by $0.04. The company had revenue of $256.68 million for the quarter, compared to the consensus estimate of $248.52 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis.
SGY has been the subject of a number of other recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Stone Energy Corp. in a research note to investors on Wednesday, January 8th. They now have a $39.00 price target on the stock. Analysts at Global Hunter Securities raised their price target on shares of Stone Energy Corp. from $33.00 to $39.00 in a research note to investors on Wednesday, October 23rd. They now have an “accumulate” rating on the stock. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $30.19.
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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