Stone Energy Corporation (NYSE:SGY) – Stock analysts at Capital One Financial Corporation dropped their Q4 2017 earnings estimates for shares of Stone Energy Corporation in a research report issued on Tuesday. Capital One Financial Corporation analyst R. Tullis now anticipates that the oil and natural gas company will earn $0.00 per share for the quarter, down from their previous forecast of $0.01.
Other research analysts have also issued reports about the stock. BidaskClub raised shares of Stone Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine lowered shares of Stone Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, May 26th. Finally, Zacks Investment Research raised shares of Stone Energy Corporation from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Wednesday, April 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $12.33.
Shares of Stone Energy Corporation (SGY) traded up 4.00% during midday trading on Wednesday, reaching $26.00. 33,219 shares of the company’s stock traded hands. The firm’s market cap is $519.97 million. The company has a 50 day moving average of $20.44 and a 200 day moving average of $24.71. Stone Energy Corporation has a 52-week low of $16.50 and a 52-week high of $87.50.
Stone Energy Corporation (NYSE:SGY) last posted its quarterly earnings data on Monday, August 7th. The oil and natural gas company reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.42. The business had revenue of $76.72 million for the quarter. Stone Energy Corporation had a net margin of 41.74% and a negative return on equity of 215.45%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. raised its position in Stone Energy Corporation by 12.7% in the second quarter. Sei Investments Co. now owns 13,039 shares of the oil and natural gas company’s stock worth $240,000 after buying an additional 1,465 shares during the last quarter. SG Americas Securities LLC purchased a new position in Stone Energy Corporation during the first quarter worth $123,000. Federated Investors Inc. PA purchased a new position in Stone Energy Corporation during the second quarter worth $207,000. Spark Investment Management LLC purchased a new position in Stone Energy Corporation during the second quarter worth $398,000. Finally, Rhumbline Advisers purchased a new position in Stone Energy Corporation during the second quarter worth $421,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.
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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