Stone Energy Corporation (SGY) Expected to Announce Earnings of -$0.21 Per Share
Equities analysts predict that Stone Energy Corporation (NYSE:SGY) will announce earnings per share of ($0.21) for the current quarter, according to Zacks. Zero analysts have issued estimates for Stone Energy Corporation’s earnings. Stone Energy Corporation reported earnings of ($41.97) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 99.5%. The firm is expected to report its next earnings results after the market closes on Wednesday, November 1st.
On average, analysts expect that Stone Energy Corporation will report full-year earnings of ($1.14) per share for the current fiscal year. For the next fiscal year, analysts expect that the firm will report earnings of ($1.27) per share. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Stone Energy Corporation.
Stone Energy Corporation (NYSE:SGY) last announced its quarterly earnings results on Monday, August 7th. The oil and natural gas company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.42. Stone Energy Corporation had a negative return on equity of 215.45% and a net margin of 41.74%. The company had revenue of $76.72 million during the quarter.
A number of equities research analysts recently commented on the company. Scotiabank restated a “hold” rating and set a $2.50 price target on shares of Stone Energy Corporation in a research report on Tuesday, October 10th. Zacks Investment Research lowered Stone Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Finally, BidaskClub upgraded Stone Energy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $6.25.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. boosted its position in Stone Energy Corporation by 12.7% in the 2nd quarter. Sei Investments Co. now owns 13,039 shares of the oil and natural gas company’s stock valued at $240,000 after buying an additional 1,465 shares during the last quarter. SG Americas Securities LLC bought a new position in Stone Energy Corporation in the 1st quarter valued at $123,000. Nationwide Fund Advisors bought a new position in Stone Energy Corporation in the 2nd quarter valued at $204,000. Federated Investors Inc. PA bought a new position in Stone Energy Corporation in the 2nd quarter valued at $207,000. Finally, New York State Common Retirement Fund bought a new position in Stone Energy Corporation in the 2nd quarter valued at $384,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.
Shares of Stone Energy Corporation (SGY) traded up 2.66% on Tuesday, reaching $25.84. The company’s stock had a trading volume of 109,850 shares. The stock has a 50-day moving average of $28.08 and a 200 day moving average of $23.41. The stock’s market capitalization is $516.77 million. Stone Energy Corporation has a 52 week low of $16.50 and a 52 week high of $32.39.
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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