Price Action Alert: Stone Energy Corporation on Focus After Raising In Today’s Session

Price Action Alert: Stone Energy Corporation on Focus After Raising In Today's Session

The stock of Stone Energy Corporation (NYSE:SGY) is a huge mover today! About 531,286 shares traded hands. Stone Energy Corporation (NYSE:SGY) has declined 48.99% since April 13, 2016 and is downtrending. It has underperformed by 52.92% the S&P500.
The move comes after 5 months positive chart setup for the $36.41M company. It was reported on Nov, 15 by Barchart.com. We have $9.68 PT which if reached, will make NYSE:SGY worth $22.94M 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 of Stone Energy Corporation (NYSE:SGY) has “Mkt Perform” rating given on Wednesday, January 6 by FBR Capital. The rating was downgraded by Ladenburg Thalmann on Friday, February 12 to “Neutral”. The stock has “Underweight” rating given by Barclays Capital on Monday, October 17. The stock of Stone Energy Corporation (NYSE:SGY) earned “Sector Perform” rating by Howard Weil on Friday, August 14. The stock of Stone Energy Corporation (NYSE:SGY) earned “Underweight” rating by CapitalOne on Tuesday, January 19. On Monday, April 18 the stock rating was downgraded by Johnson Rice to “Hold”. The firm has “Outperform” rating by Imperial Capital given on Friday, September 11. The firm has “In-Line” rating given on Wednesday, February 3 by Imperial Capital. The firm earned “Underperform” rating on Tuesday, April 19 by Imperial Capital. The firm has “Outperform” rating by Imperial Capital given on Wednesday, November 4.

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 dropped, 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 Advsrs Limited Liability Company holds 0.01% or 1,000 shares in its portfolio. Adirondack Rech Management holds 0.12% or 716,000 shares in its portfolio. Da Davidson & last reported 3,000 shares in the company. The Manitoba – Canada-based Great West Life Assurance Com Can has invested 0% in Stone Energy Corporation (NYSE:SGY). Putnam has 22.91 million shares for 0.02% of their US portfolio.

More news for Stone Energy Corporation (NYSE:SGY) were recently published by: Prnewswire.com, which released: “Stone Energy Corporation Announces Third Quarter 2016 Results” on November 07, 2016. Schaeffersresearch.com‘s article titled: “Stone Energy Corporation (SGY) Bombs on Chapter 11 Chatter” and published on October 21, 2016 is yet another important article.

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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