Stone Energy PT Raised to $53.00 (SGY)
Research analysts at MLV & Co
raised their price objective on shares of Stone Energy (NYSE:SGY) from $48.00 to $53.00 in a report released on Tuesday, ARN reports. The firm currently has a “buy” rating on the stock. MLV & Co
‘s target price suggests a potential upside of 8.90% from the company’s current price.
Shares of Stone Energy (NYSE:SGY) traded up 8.93% on Tuesday, hitting $48.67. The stock had a trading volume of 2,315,606 shares. Stone Energy has a 52-week low of $18.57 and a 52-week high of $50.00. The stock’s 50-day moving average is $41.81 and its 200-day moving average is $35.65. The company has a market cap of $2.372 billion and a P/E ratio of 18.96.
Stone Energy (NYSE:SGY) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.01. The company had revenue of $239.25 million for the quarter, compared to the consensus estimate of $245.50 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. Analysts expect that Stone Energy will post $1.43 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Stone Energy from $35.00 to $45.00 in a research note on Wednesday, April 23rd. They now have an “equal weight” rating on the stock. Separately, analysts at Ladenburg Thalmann raised their price target on shares of Stone Energy from $45.00 to $55.00 in a research note on Tuesday, April 15th. They now have a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of Stone Energy from an “outperform” rating to an “underperform” rating in a research note on Monday, April 14th. They now have a $40.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $46.38.
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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