Stone Energy Co. (SGY) Given Average Rating of “Hold” by Brokerages
Shares of Stone Energy Co. (NYSE:SGY) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $12.00.
SGY has been the topic of several research reports. ValuEngine raised Stone Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 18th. Zacks Investment Research raised shares of Stone Energy from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Wednesday, April 12th. Capital One Financial Corp. raised shares of Stone Energy from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, March 1st. Finally, National Securities raised shares of Stone Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $6.00 to $10.00 in a research note on Tuesday, February 28th.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SGY. SG Americas Securities LLC acquired a new position in Stone Energy during the first quarter worth $123,000. Sei Investments Co. purchased a new stake in shares of Stone Energy during the first quarter worth about $253,000. Snow Capital Management LP purchased a new stake in shares of Stone Energy during the first quarter worth about $798,000. GeoSphere Capital Management purchased a new stake in shares of Stone Energy during the first quarter worth about $4,202,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Stone Energy during the first quarter worth about $4,261,000. 28.40% of the stock is currently owned by institutional investors and hedge funds.
Stone Energy (NYSE:SGY) traded up 1.31% on Friday, reaching $21.64. The company had a trading volume of 112,103 shares. The company’s market capitalization is $432.78 million. Stone Energy has a 52 week low of $16.50 and a 52 week high of $32.39. The stock’s 50-day moving average is $21.24 and its 200-day moving average is $30.45.
Stone Energy (NYSE:SGY) last issued its quarterly earnings data on Thursday, February 23rd. The oil and natural gas company reported ($4.88) EPS for the quarter, beating the consensus estimate of ($6.65) by $1.77. The business had revenue of $113.11 million for the quarter, compared to analysts’ expectations of $92 million. Equities research analysts forecast that Stone Energy will post $0.06 EPS for the current fiscal year.
Stone Energy Company Profile
Stone Energy Corporation is an independent oil and natural gas company. The Company is engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties. The Company operates in the Gulf of Mexico (GOM) basin. It has leveraged its operations in the GOM conventional shelf and has its reserve base in the prolific basins of the GOM deep water, Gulf Coast deep gas, and the Marcellus and Utica shales in Appalachia.
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