Stone Energy Sees Unusually High Options Volume (SGY)
Stone Energy (NYSE:SGY) was the target of some unusual options trading on Friday. Stock traders purchased 1,000 call options on the company, Analyst Ratings.Net reports. This represents an increase of approximately 266% compared to the average daily volume of 273 call options.
Several analysts have recently commented on the stock. Analysts at KLR Group upgraded shares of Stone Energy from an “accumulate” rating to a “buy” rating in a research note on Friday. Separately, analysts at Brean Capital cut their price target on shares of Stone Energy from $57.00 to $52.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Paradigm Capital downgraded shares of Stone Energy from a “buy” rating to a “hold” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $51.13.
Shares of Stone Energy (NYSE:SGY) traded up 4.06% on Friday, hitting $35.41. The stock had a trading volume of 1,332,759 shares. Stone Energy has a 1-year low of $27.12 and a 1-year high of $50.00. The stock’s 50-day moving average is $41.77 and its 200-day moving average is $40.29. The company has a market cap of $1.967 billion and a P/E ratio of 25.78.
Stone Energy (NYSE:SGY) last announced its earnings results on Tuesday, August 5th. The company reported $0.08 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.39 by $0.31. The company had revenue of $204.96 million for the quarter, compared to the consensus estimate of $221.53 million. During the same quarter last year, the company posted $0.78 earnings per share. Stone Energy’s revenue was down 15.8% compared to the same quarter last year. On average, analysts predict that Stone Energy will post $1.38 earnings per share 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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