Price Action Report: Stone Energy Corporation’s Trend Up, Especially After Today’s Strong Session

Price Action Report: Stone Energy Corporation's Trend Up, Especially After Today's Strong Session

The stock of Stone Energy Corporation (NYSE:SGY) is a huge mover today! About 1.91M shares traded hands or 224.20% up from the average. Stone Energy Corporation (NYSE:SGY) has declined 36.72% since April 5, 2016 and is downtrending. It has underperformed by 38.68% the S&P500.
The move comes after 7 months positive chart setup for the $31.17 million company. It was reported on Nov, 8 by Barchart.com. We have $12.78 PT which if reached, will make NYSE:SGY worth $44.57M more.

Stone Energy Corporation (NYSE:SGY) Ratings Coverage

Out of 11 analysts covering Stone Energy Corporation (NYSE:SGY), 1 rate it a “Buy”, 5 “Sell”, while 5 “Hold”. This means 9% are positive. Stone Energy Corporation has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Mkt Perform” rating given by FBR Capital on Wednesday, January 6. Howard Weil maintained it with “Sector Perform” rating and $5 target price in Tuesday, December 22 report. The rating was downgraded by Howard Weil on Friday, August 14 to “Sector Perform”. The rating was maintained by Imperial Capital on Wednesday, February 24 with “In-Line”. The stock of Stone Energy Corporation (NYSE:SGY) earned “Buy” rating by KLR Group on Monday, August 31. KLR Group downgraded the stock to “Hold” rating in Wednesday, February 24 report. The rating was downgraded by Barclays Capital to “Underweight” on Monday, October 17. The rating was downgraded by Ladenburg Thalmann on Friday, February 12 to “Neutral”. As per Wednesday, June 15, the company rating was maintained by Barclays Capital. The firm earned “Outperform” rating on Sunday, August 16 by Scotia Capital.

According to Zacks Investment Research, “Stone Energy is an independent oil and gas company headquartered in Lafayette, Louisiana, and is engaged in the acquisition, exploitation and operation of oil and gas properties located in the Gulf Coast Basin.”

Insitutional Activity: The institutional sentiment decreased to 0.03 in 2016 Q2. Its down 0.81, from 0.84 in 2016Q1. The ratio turned negative, as 120 funds sold all Stone Energy Corporation shares owned while 0 reduced positions. 4 funds bought stakes while 0 increased positions. They now own 23.63 million shares or 37.56% less from 37.85 million shares in 2016Q1.
York Cap Mngmt Glob Advisors Limited Liability holds 0.01% or 1,000 shares in its portfolio. Da Davidson & Com has invested 0% of its portfolio in Stone Energy Corporation (NYSE:SGY). Adirondack Rech And accumulated 716,000 shares or 0.12% of the stock. Putnam Invests Ltd Llc reported 22.91M shares or 0.02% of all its holdings. Great West Life Assurance Company Can last reported 3,766 shares in the company.

More recent Stone Energy Corporation (NYSE:SGY) news were published by: Prnewswire.com which released: “Stone Energy Corporation Announces Third Quarter 2016 Results” on November 07, 2016. Also Prnewswire.com published the news titled: “STONE ENERGY CORPORATION Announces Entry into Comprehensive Restructuring …” on October 21, 2016. Schaeffersresearch.com‘s news article titled: “Stone Energy Corporation (SGY) Bombs on Chapter 11 Chatter” with publication date: October 21, 2016 was also an interesting one.

SGY Company Profile

Stone Energy Corporation, incorporated on March 15, 1993, is an independent oil and natural gas company. The Firm is engaged in the acquisition, exploration, exploitation, development and operation of gas and oil properties. The Firm operates in the Gulf of Mexico (GOM) basin. The Firm has leveraged its activities 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. The Company’s estimated proved oil and natural gas reserves are approximately 60 million barrels of oil equivalents (MMBoe) or 340 billion cubic feet equivalent (Bcfe). Approximately 95 MMBoe or 570 Bcfe of its estimated proved reserves are revised downward. The Company’s subsidiaries are Stone Energy Offshore, L.L.C. (Stone Offshore), Stone Energy Holding, L.L.C., Stone Energy Canada, U.L.C, SEO A LLC and SEO B LLC.

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