Stone Energy (NYSE:SGY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a note issued to investors on Thursday. They currently have a $3.25 price objective on the oil and natural gas company’s stock. Canaccord Genuity’s target price would indicate a potential downside of 87.35% from the stock’s previous close.
A number of other analysts also recently commented on SGY. BidaskClub downgraded Stone Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Zacks Investment Research downgraded Stone Energy from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Scotiabank restated a “hold” rating and set a $2.50 price objective on shares of Stone Energy in a report on Tuesday, October 10th. ValuEngine upgraded Stone Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 31st. Finally, BMO Capital Markets restated a “buy” rating and set a $2.75 price objective on shares of Stone Energy in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $4.63.
Shares of Stone Energy (NYSE SGY) traded up $0.27 during trading on Thursday, hitting $25.70. The company’s stock had a trading volume of 145,300 shares, compared to its average volume of 219,322. 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 has a one year low of $16.50 and a one year high of $49.96.
Stone Energy (NYSE:SGY) last released its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.37. The business had revenue of $79.53 million during the quarter. Stone Energy had a return on equity of 590.23% and a net margin of 68.43%. During the same quarter in the previous year, the company earned ($0.02) earnings per share. analysts expect that Stone Energy will post -1.17 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royce & Associates LP increased its holdings in Stone Energy by 85.4% in the 3rd quarter. Royce & Associates LP now owns 397,679 shares of the oil and natural gas company’s stock valued at $11,557,000 after purchasing an additional 183,179 shares in the last quarter. State Street Corp increased its holdings in Stone Energy by 2,548.1% in the 2nd quarter. State Street Corp now owns 308,242 shares of the oil and natural gas company’s stock valued at $5,669,000 after purchasing an additional 296,602 shares in the last quarter. Northern Trust Corp acquired a new stake in Stone Energy in the 2nd quarter valued at $3,650,000. Schwab Charles Investment Management Inc. increased its holdings in Stone Energy by 25.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 118,457 shares of the oil and natural gas company’s stock valued at $3,443,000 after purchasing an additional 23,793 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in Stone Energy in the 3rd quarter valued at $2,486,000. Hedge funds and other institutional investors own 97.09% 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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