Stone Energy Corporation (SGY) has an average broker rating of 3.57, which is interpreted as a Sell, as rated by 7 equity analysts. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Stone Energy Corporation (SGY) : 6 investment research analysts covering Stone Energy Corporation (SGY) have an average price target of $8.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $14 and the lowest target is $3 for the short term. Analysts expect the variance to be within $4.18 of the average price.
Also, Barclays maintains their rating on the shares of Stone Energy Corporation (NYSE:SGY). The current rating of the shares is Equalweight. Equity Analysts at the Firm raises the price target to $3 per share from $0.5 per share. The rating by the firm was issued on June 15, 2016.
Stone Energy Corporation (NYSE:SGY): After opening at $11.81, the stock dipped to an intraday low of $11.71 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $12.3 and the buying power remained strong till the end. The stock closed at $11.98 for the day, a gain of 4.63% for the day session. The total traded volume was 460,453. The stocks close on the previous trading day was $11.45.
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.