Zacks Rating on Stone Energy Corporation (SGY)

Stone Energy Corporation (SGY) : 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Stone Energy Corporation (SGY). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Sell with a rating of 3.57.

Stone Energy Corporation (SGY) stock is expected to deviate a maximum of $4.18 from the average target price of $8.67 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $14 and the most muted being $3.


Shares of Stone Energy Corp. appreciated by 18.85% during the last five trading days but lost 3.43% on a 4-week basis. Stone Energy Corp. is up 229.71% in the last 3-month period. Year-to-Date the stock performance stands at -73.1%. Stone Energy Corporation (NYSE:SGY): On Tuesdays trading session , Opening price of the stock was $10.8 with an intraday high of $11.75. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.28. However, the stock managed to close at $11.54, a loss of 1.87% for the day. On the previous day, the stock had closed at $11.76. The total traded volume of the day was 2,183,464 shares.

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.

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