Stone Energy Corporation’s (SGY) “Hold” Rating Reiterated at Scotiabank

Stone Energy Corporation (NYSE:SGY)‘s stock had its “hold” rating reiterated by stock analysts at Scotiabank in a report released on Tuesday, October 10th. They presently have a $2.50 price objective on the oil and natural gas company’s stock. Scotiabank’s price target would suggest a potential downside of 90.82% from the company’s current price.

A number of other brokerages have also recently commented on SGY. BidaskClub raised shares of Stone Energy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of Stone Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $6.25.

Shares of Stone Energy Corporation (NYSE SGY) opened at 27.24 on Tuesday. Stone Energy Corporation has a one year low of $16.50 and a one year high of $70.97. The stock has a 50 day moving average price of $28.06 and a 200-day moving average price of $23.30. The company’s market capitalization is $544.77 million.

Stone Energy Corporation (NYSE:SGY) last issued its quarterly earnings results on Monday, August 7th. The oil and natural gas company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.42. The business had revenue of $76.72 million for the quarter. Stone Energy Corporation had a net margin of 41.74% and a negative return on equity of 215.45%. Equities research analysts predict that Stone Energy Corporation will post $0.05 earnings per share for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Stone Energy Corporation during the 1st quarter worth about $123,000. Nationwide Fund Advisors acquired a new stake in shares of Stone Energy Corporation in the 2nd quarter worth about $204,000. Federated Investors Inc. PA acquired a new stake in shares of Stone Energy Corporation in the 2nd quarter worth about $207,000. Sei Investments Co. raised its holdings in shares of Stone Energy Corporation by 12.7% in the 2nd quarter. Sei Investments Co. now owns 13,039 shares of the oil and natural gas company’s stock worth $240,000 after acquiring an additional 1,465 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in shares of Stone Energy Corporation in the 2nd quarter worth about $384,000. 96.28% of th

A number of other brokerages have also recently commented on SGY. BidaskClub raised shares of Stone Energy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of Stone Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $6.25.

Shares of Stone Energy Corporation (NYSE SGY) opened at 27.24 on Tuesday. Stone Energy Corporation has a one year low of $16.50 and a one year high of $70.97. The stock has a 50 day moving average price of $28.06 and a 200-day moving average price of $23.30. The company’s market capitalization is $544.77 million.

Stone Energy Corporation (NYSE:SGY) last issued its quarterly earnings results on Monday, August 7th. The oil and natural gas company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.42. The business had revenue of $76.72 million for the quarter. Stone Energy Corporation had a net margin of 41.74% and a negative return on equity of 215.45%. Equities research analysts predict that Stone Energy Corporation will post $0.05 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/20/stone-energy-corporations-sgy-hold-rating-reaffirmed-at-scotiabank.html.

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Stone Energy Corporation during the 1st quarter worth about $123,000. Nationwide Fund Advisors acquired a new stake in shares of Stone Energy Corporation in the 2nd quarter worth about $204,000. Federated Investors Inc. PA acquired a new stake in shares of Stone Energy Corporation in the 2nd quarter worth about $207,000. Sei Investments Co. raised its holdings in shares of Stone Energy Corporation by 12.7% in the 2nd quarter. Sei Investments Co. now owns 13,039 shares of the oil and natural gas company’s stock worth $240,000 after acquiring an additional 1,465 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in shares of Stone Energy Corporation in the 2nd quarter worth about $384,000. 96.28% of the stock is currently owned by institutional investors.

About Stone Energy Corporation

Stone Energy Corporation is an independent oil and natural gas company. The Company is engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties. The Company operates in the Gulf of Mexico (GOM) basin. It has leveraged its operations in the GOM conventional shelf and has its reserve base in the prolific basins of the GOM deep water, Gulf Coast deep gas, and the Marcellus and Utica shales in Appalachia.

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