Stone Energy Corporation (SGY) to Release Earnings on Wednesday
Stone Energy Corporation (NYSE:SGY) will post its quarterly earnings results after the market closes on Wednesday, November 1st. Analysts expect Stone Energy Corporation to post earnings of $0.01 per share for the quarter.
Stone Energy Corporation (NYSE:SGY) last announced its earnings results on Monday, August 7th. The oil and natural gas company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $76.72 million for the quarter. On average, analysts expect Stone Energy Corporation to post $-1.14 EPS for the current fiscal year and $-1.27 EPS for the next fiscal year.
Stone Energy Corporation (NYSE:SGY) opened at 25.84 on Wednesday. The stock has a 50 day moving average price of $28.08 and a 200-day moving average price of $23.41. Stone Energy Corporation has a 52 week low of $16.50 and a 52 week high of $32.39. The stock’s market cap is $516.77 million.
A number of research firms have recently commented on SGY. BidaskClub cut shares of Stone Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Zacks Investment Research cut shares of Stone Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Finally, Scotiabank reiterated a “hold” rating and set a $2.50 price target on shares of Stone Energy Corporation in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Stone Energy Corporation currently has an average rating of “Hold” and an average target price of $6.25.
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Stone Energy Corporation 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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