Stone Energy Corporation (SGY) : Traders are bullish on Stone Energy Corporation (SGY) as it has outperformed the S&P 500 by a wide margin of 237.35% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 23.43%, 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 25.28% in the last 1 week, and is up 252.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 57.05% and the 50-Day Moving Average is 139.77%.
Stone Energy Corporation (NYSE:SGY): The stock opened at $23.35 on Friday but the bulls could not build on the opening and the stock topped out at $23.40 for the day. The stock traded down to $19.20 during the day, due to lack of any buying support eventually closed down at $19.33 with a loss of -15.96% for the day. The stock had closed at $23.00 on the previous day. The total traded volume was 2,559,224 shares.
The company Insiders own 3.5% of Stone Energy Corporation shares according to the proxy statements. In a related news,The officer (Chairman, President & CEO) of Stone Energy Corp, Welch David H sold 11,000 shares at $14.64 on March 31, 2015. The Insider selling transaction had a total value worth of $161,040. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.