Brokerage firm Barclays Maintains its rating on Stone Energy Corporation(NYSE:SGY). In a research note issued to the investors, the brokerage major Raises the price-target to $3.00 per share. The shares have been rated Equalweight. The rating by Barclays was issued on Jun 15, 2016.
In a different note, On May 13, 2016, Barclays said it Maintains its rating on Stone Energy Corporation. In the research note, the firm Lowers the price-target to $1.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Apr 19, 2016, Imperial Capital said it Downgrades its rating on Stone Energy Corporation. In the research note, the firm Lowers the price-target to $1.25 per share. The shares have been rated ‘Underperform’ by the firm. On Apr 18, 2016, Johnson Rice said it Downgrades its rating on Stone Energy Corporation. The shares have been rated ‘Hold’ by the firm.
Stone Energy Corporation (SGY) made into the market gainers list on Tuesdays trading session with the shares advancing 21.42% or 1.45 points. Due to strong positive momentum, the stock ended at $8.22, which is also near the day’s high of $8.26. The stock began the session at $6.77 and the volume stood at 53,34,366 shares. The 52-week high of the shares is $142.9 and the 52 week low is $2.702. The company has a current market capitalization of $47 M and it has 56,86,460 shares in outstanding.
Stone Energy Corporation(SGY) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $80.18M. Analysts had an estimated revenue of $76.54M. Earnings per share were $-0.79. Analysts had estimated an EPS of $-0.77.
Several Insider Transactions has been reported to the SEC. On Apr 1, 2015, David H Welch (Chairman, President & CEO) sold 11,000 shares at $14.64 per share price.
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.