Nationwide Fund Advisors bought a new position in shares of Stone Energy Corporation (NYSE:SGY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,120 shares of the oil and natural gas company’s stock, valued at approximately $204,000. Nationwide Fund Advisors owned approximately 0.06% of Stone Energy Corporation as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of SGY. Spark Investment Management LLC bought a new position in shares of Stone Energy Corporation during the 2nd quarter worth approximately $398,000. Sei Investments Co. lifted its position in shares of Stone Energy Corporation by 12.7% during the 2nd 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 in the last quarter. Schwab Charles Investment Management Inc. bought a new position in shares of Stone Energy Corporation during the 2nd quarter worth approximately $1,740,000. Rhumbline Advisers bought a new position in shares of Stone Energy Corporation during the 2nd quarter worth approximately $421,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Stone Energy Corporation during the 2nd quarter worth approximately $1,497,000. 95.40% of the stock is currently owned by hedge funds and other institutional investors.
SGY has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Stone Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Scotiabank restated a “hold” rating and set a $2.50 price target on shares of Stone Energy Corporation in a research note on Tuesday, October 10th. ValuEngine upgraded shares of Stone Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 31st. Finally, BidaskClub upgraded shares of Stone Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Stone Energy Corporation presently has an average rating of “Hold” and an average target price of $6.25.
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Shares of Stone Energy Corporation (NYSE:SGY) opened at $32.76 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.20 and a current ratio of 2.20. Stone Energy Corporation has a one year low of $14.76 and a one year high of $49.96.
Stone Energy Corporation (NYSE:SGY) last issued its quarterly earnings results on Wednesday, November 1st. The oil and natural gas company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.37. Stone Energy Corporation had a net margin of 68.43% and a return on equity of 590.23%. The company had revenue of $79.53 million during the quarter. During the same quarter in the previous year, the business earned ($0.02) EPS. analysts expect that Stone Energy Corporation will post -1.45 earnings per share for the current fiscal year.
Stone Energy Corporation 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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