Stone Energy Corporation (SGY) : 7 analysts are covering Stone Energy Corporation (SGY) and their average rating on the stock is 3.57, which is read as a Sell. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Stone Energy Corporation (SGY) : Currently there are 6 street experts covering Stone Energy Corporation (SGY) stock. The most bullish and bearish price target for the stock is $20 and $3 respectively for the short term. The average price target of all the analysts comes to $8.17. The estimated standard deviation from the target is $6.24.
Stone Energy Corporation (NYSE:SGY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.68 and $11.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.82, notching a gain of 14.98% for the day. The total traded volume was 2,936,776 . The stock had closed at $12.02 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Stone Energy Corporation (NYSE:SGY). Barclays has a Equalweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $3 per share from a prior target of $0.5. The rating by the firm was issued on June 15, 2016. The company shares have dropped -88.70% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $14.55 and the one year low was seen on May 18, 2016. The 50-Day Moving Average price is $6.34 and the 200 Day Moving Average price is recorded at $16.07.
Stone Energy Corporation is an independent oil and natural gas exploration and production company. The Company is engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties in the Gulf of Mexico (GOM) basin. It seeks to acquire seismic data and leasehold interests in undeveloped, onshore, oil-focused plays and is focused on the GOM conventional shelf, GOM deep water, Gulf Coast deep gas and the Marcellus Shale in Appalachia. As of December 31, 2014, the Companys estimated proved oil and natural gas reserves were approximately 153 million barrels of oil equivalent (Mmboe) or 915 billions of cubic feet equivalent (Bcfe). The Companys oil and natural gas production is sold at current market prices under short-term contracts. Shell Trading (US) Company and Phillips 66 Company accounted for approximately 32% and 31%, respectively, of its oil and natural gas revenue generated during the year ended December 31, 2014.