The stock of Stone Energy Corporation (NYSE:SGY) is a huge mover today! About 673,578 shares traded hands. Stone Energy Corporation (NYSE:SGY) has declined 69.37% since April 27, 2016 and is downtrending. It has underperformed by 74.59% the S&P500.
The move comes after 5 months positive chart setup for the $24.83M company. It was reported on Nov, 30 by Barchart.com. We have $4.77 PT which if reached, will make NYSE:SGY worth $1.99M more.
Analysts await Stone Energy Corporation (NYSE:SGY) to report earnings on February, 27. They expect $-4.27 earnings per share, down 1,167.50% or $4.67 from last year’s $0.4 per share. After $-7.40 actual earnings per share reported by Stone Energy Corporation for the previous quarter, Wall Street now forecasts -42.30% EPS growth.
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 company was maintained on Tuesday, December 22 by Howard Weil. The stock of Stone Energy Corporation (NYSE:SGY) has “Underweight” rating given on Friday, March 11 by Piper Jaffray. FBR Capital downgraded Stone Energy Corporation (NYSE:SGY) on Wednesday, January 6 to “Mkt Perform” rating. The firm has “Sector Perform” rating by Howard Weil given on Friday, August 14. The rating was maintained by Barclays Capital on Wednesday, June 15 with “Equalweight”. The rating was downgraded by KLR Group on Wednesday, February 24 to “Hold”. As per Tuesday, January 19, the company rating was downgraded by CapitalOne. Johnson Rice downgraded the shares of SGY in a report on Monday, April 18 to “Hold” rating. The firm earned “Neutral” rating on Friday, February 12 by Ladenburg Thalmann. The rating was maintained by KLR Group on Monday, August 31 with “Buy”.
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 increased to 0.07 in 2016 Q2. Its up 0.04, from 0.03 in 2016Q1. The ratio improved, 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.
Da Davidson has 0% invested in the company for 3,000 shares. York Cap Mgmt Global Advsr Ltd Llc has 0.01% invested in the company for 1,000 shares. Great West Life Assurance Can accumulated 0% or 3,766 shares. Adirondack Research Mgmt reported 716,000 shares or 0.12% of all its holdings. Putnam Limited Liability Co last reported 0.02% of its portfolio in the stock.
More notable recent Stone Energy Corporation (NYSE:SGY) news were published by: Prnewswire.com which released: “Stone Energy Corporation Announces Second Quarter 2016 Results” on August 02, 2016, also Prnewswire.com with their article: “STONE ENERGY CORPORATION Announces Entry into Comprehensive Restructuring …” published on October 21, 2016, Prnewswire.com published: “Stone Energy Corporation Announces Third Quarter 2016 Results” on November 07, 2016. More interesting news about Stone Energy Corporation (NYSE:SGY) were released by: Prnewswire.com and their article: “Stone Energy Corporation Announces 1-for-10 Reverse Stock Split” published on June 01, 2016 as well as Fool.com‘s news article titled: “Better Late Than Never: Stone Energy Corporation Surges After Making an …” with publication date: June 14, 2016.
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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