Stone Energy Corporation (SGY) : During the past 4 weeks, traders have been relatively bearish on Stone Energy Corporation (SGY), hence the stock is down -36.57% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -18.67% relative to the S&P 500. The 4-week change in the price of the stock is -35% and the stock has fallen -18.32% in the past 1 week.
Stone Energy Corporation (NYSE:SGY): The stock opened at $10.35 on Friday but the bulls could not build on the opening and the stock topped out at $10.63 for the day. The stock traded down to $9.82 during the day, due to lack of any buying support eventually closed down at $10.03 with a loss of -2.15% for the day. The stock had closed at $10.25 on the previous day. The total traded volume was 589,396 shares.
The stock has recorded a 20-day Moving Average of 34.98% and the 50-Day Moving Average is 5.87%. Stone Energy Corp. is up 39.31% in the last 3-month period. Year-to-Date the stock performance stands at -76.62%.
Stone Energy Corporation (SGY) : The consensus price target for Stone Energy Corporation (SGY) is $8.5 for the short term with a standard deviation of $5.61. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $18, however, the pessimist price target for the company is $3.
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.