Stone Energy Co. (SGY) Given Average Recommendation of “Hold” by Analysts

Stone Energy Co. (NYSE:SGY) has received a consensus rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $12.38.

A number of equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Stone Energy from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Stone Energy from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Wednesday, March 28th.

Several large investors have recently bought and sold shares of SGY. Element Capital Management LLC purchased a new stake in shares of Stone Energy during the first quarter valued at approximately $208,000. Teacher Retirement System of Texas purchased a new stake in shares of Stone Energy during the fourth quarter valued at approximately $213,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Stone Energy during the first quarter valued at approximately $263,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Stone Energy during the first quarter valued at approximately $278,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Stone Energy during the first quarter valued at approximately $306,000. Hedge funds and other institutional investors own 98.94% of the company’s stock.

Shares of SGY opened at $35.49 on Friday. The company has a quick ratio of 2.12, a current ratio of 2.96 and a debt-to-equity ratio of 0.72. Stone Energy has a fifty-two week low of $16.76 and a fifty-two week high of $40.16.

About Stone Energy

Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico. As of December 31, 2017, it had an estimated proved oil and natural gas reserves of approximately 32.5 million barrels of oil equivalent.

Receive News & Ratings for Stone Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stone Energy and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply