Stone Energy Corporation (NYSE:SGY) : Traders are bullish on Stone Energy Corporation (NYSE:SGY) as it has outperformed the S&P 500 by a wide margin of 192.02% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 14.03%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 15.49% in the last 1 week, and is up 196.73% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -85.87% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $115.30 and the one year low was seen on May 18, 2016. The 50-Day Moving Average price is $7.36 and the 200 Day Moving Average price is recorded at $15.93.
The stock has recorded a 20-day Moving Average of 80.66% and the 50-Day Moving Average is 119.85%.
Stone Energy Corporation (NYSE:SGY): stock turned positive on Friday. Though the stock opened at $15.55, the bulls momentum made the stock top out at $16.15 level for the day. The stock recorded a low of $15.0501 and closed the trading day at $15.43, in the green by 4.97%. The total traded volume for the day was 1,925,042. The stock had closed at $14.7 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Welch David H, officer (Chairman, President & CEO) of Stone Energy Corp, had unloaded 11,000 shares at an average price of $14.64 in a transaction dated on March 31, 2015. The total value of the transaction was worth $161,040.
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.