Analysts Expect Stone Energy Corporation (NYSE:SGY) to Announce -$0.01 Earnings Per Share
Equities research analysts forecast that Stone Energy Corporation (NYSE:SGY) will announce ($0.01) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Stone Energy Corporation’s earnings. Stone Energy Corporation reported earnings of ($41.97) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 100%. The company is expected to report its next earnings results on Monday, November 6th.
According to Zacks, analysts expect that Stone Energy Corporation will report full-year earnings of ($0.73) per share for the current year. For the next year, analysts anticipate that the firm will report earnings of $0.00 per share. Zacks’ EPS averages are an average based on a survey of analysts that follow Stone Energy Corporation.
Stone Energy Corporation (NYSE:SGY) last issued its earnings results on Monday, August 7th. The oil and natural gas company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.42. Stone Energy Corporation had a net margin of 41.74% and a negative return on equity of 215.45%. The firm had revenue of $76.72 million during the quarter.
Several equities research analysts recently commented on SGY shares. BidaskClub raised shares of Stone Energy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine raised shares of Stone Energy Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Stone Energy Corporation currently has an average rating of “Hold” and a consensus price target of $12.33.
Shares of Stone Energy Corporation (NYSE SGY) traded down 5.54% during trading on Friday, hitting $23.89. 94,218 shares of the company were exchanged. The firm’s 50-day moving average price is $20.59 and its 200 day moving average price is $24.72. Stone Energy Corporation has a 12 month low of $16.50 and a 12 month high of $87.50. The firm’s market capitalization is $477.78 million.
Large investors have recently made changes to their positions in the company. Mackay Shields LLC acquired a new stake in shares of Stone Energy Corporation during the first quarter valued at about $86,239,000. Paloma Partners Management Co acquired a new stake in shares of Stone Energy Corporation during the first quarter valued at about $12,286,000. Credit Suisse AG boosted its stake in shares of Stone Energy Corporation by 890.1% in the first quarter. Credit Suisse AG now owns 533,774 shares of the oil and natural gas company’s stock valued at $11,658,000 after buying an additional 479,864 shares during the period. Royce & Associates LP acquired a new stake in shares of Stone Energy Corporation during the second quarter valued at about $3,943,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Stone Energy Corporation during the first quarter valued at about $4,261,000. 87.24% of the stock is currently owned by institutional investors.
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About Stone Energy Corporation
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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