FY2017 EPS Estimates for Stone Energy Co. Raised by Capital One Financial (SGY)

Stone Energy Co. (NYSE:SGY) – Investment analysts at Capital One Financial increased their FY2017 EPS estimates for shares of Stone Energy in a research report issued to clients and investors on Wednesday. Capital One Financial analyst R. Tullis now anticipates that the oil and natural gas company will post earnings per share of ($0.97) for the year, up from their previous estimate of ($0.99). Capital One Financial also issued estimates for Stone Energy’s Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.55 EPS and FY2018 earnings at $1.78 EPS.

Several other research firms have also recently commented on SGY. National Securities cut Stone Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 28th. Zacks Investment Research upgraded Stone Energy from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Wednesday, December 20th. ValuEngine upgraded Stone Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 31st. BMO Capital Markets restated a “buy” rating and set a $2.75 price target on shares of Stone Energy in a research note on Wednesday, November 15th. Finally, Scotiabank restated a “hold” rating and set a $2.50 price target on shares of Stone Energy in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Stone Energy has an average rating of “Hold” and a consensus price target of $12.10.

Shares of Stone Energy (SGY) opened at $34.65 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.20 and a quick ratio of 2.20. Stone Energy has a 52 week low of $16.50 and a 52 week high of $39.70.

Several institutional investors have recently added to or reduced their stakes in SGY. Nationwide Fund Advisors purchased a new stake in shares of Stone Energy during the second quarter worth approximately $204,000. Susquehanna International Group LLP purchased a new position in Stone Energy in the third quarter worth $206,000. New York State Common Retirement Fund purchased a new position in Stone Energy in the second quarter worth $384,000. Parametric Portfolio Associates LLC purchased a new position in Stone Energy in the second quarter worth $386,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in Stone Energy in the second quarter worth $627,000. Institutional investors and hedge funds own 97.43% of the company’s stock.

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About Stone Energy

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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