Stone Energy Receives Consensus Rating of “Buy” from Analysts (NYSE:SGY)
Stone Energy (NYSE:SGY) has been given an average recommendation of “Buy” by the thirteen ratings firms that are presently covering the company, Analyst Ratings Network reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $49.10.
Stone Energy (NYSE:SGY) traded up 2.58% during mid-day trading on Thursday, hitting $45.76. The stock had a trading volume of 159,924 shares. Stone Energy has a 1-year low of $20.38 and a 1-year high of $50.00. The stock has a 50-day moving average of $43.97 and a 200-day moving average of $37.70. The company has a market cap of $2.245 billion and a P/E ratio of 21.72.
Stone Energy (NYSE:SGY) last released its earnings data on Monday, May 5th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.13. The company had revenue of $223.80 million for the quarter, compared to the consensus estimate of $218.26 million. During the same quarter last year, the company posted $0.82 earnings per share. Stone Energy’s revenue was down 4.2% compared to the same quarter last year. Analysts expect that Stone Energy will post $1.50 EPS for the current fiscal year.
A number of analysts have recently weighed in on SGY shares. Analysts at Brean Capital initiated coverage on shares of Stone Energy in a research note on Thursday, May 29th. They set a “buy” rating and a $56.00 price target on the stock. Separately, analysts at Capital One Financial Corp. raised their price target on shares of Stone Energy from $1.00 to $50.00 in a research note on Thursday, May 22nd. Finally, analysts at ING Group upgraded shares of Stone Energy from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, May 21st.
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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