Stone Energy Corp. (SGY) to Release Quarterly Earnings on Monday
Stone Energy Corp. (NYSE:SGY) will be issuing its Q413 quarterly earnings data on Monday, February 24th. Analysts expect the company to announce earnings of $0.57 per share and revenue of $245.50 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
A number of research firms have recently commented on SGY. Analysts at Barclays downgraded shares of Stone Energy Corp. from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 3rd. They now have a $33.00 price target on the stock, down previously from $37.00. On a related note, analysts at MLV Capital cut their price target on shares of Stone Energy Corp. from $40.00 to $38.00 in a research note on Thursday, January 16th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Stone Energy Corp. in a research note on Wednesday, January 8th. They now have a $39.00 price target on the stock. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $29.94.
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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