Stone Energy (SGY) Hits New 1-Year High and Low at $39.91

Stone Energy Co. (NYSE:SGY) shares hit a new 52-week high and low during trading on Wednesday . The stock traded as low as $39.91 and last traded at $39.65, with a volume of 119625 shares traded. The stock had previously closed at $38.02.

SGY has been the topic of several recent research reports. Zacks Investment Research raised Stone Energy from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Wednesday, December 20th. ValuEngine raised Stone Energy from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Stone Energy presently has a consensus rating of “Hold” and a consensus target price of $12.38.

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The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.76.

Stone Energy (NYSE:SGY) last announced its quarterly earnings data on Monday, March 12th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.10). The business had revenue of $76.33 million during the quarter. Stone Energy had a net margin of 116.92% and a return on equity of 128.72%. equities analysts predict that Stone Energy Co. will post 2.25 EPS for the current year.

Large investors have recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new position in shares of Stone Energy in the 4th quarter valued at about $213,000. Susquehanna International Group LLP bought a new stake in Stone Energy in the 3rd quarter valued at about $206,000. MetLife Investment Advisors LLC bought a new stake in Stone Energy in the 4th quarter valued at about $338,000. Alliancebernstein L.P. increased its position in Stone Energy by 76.2% in the 4th quarter. Alliancebernstein L.P. now owns 14,800 shares of the oil and natural gas company’s stock valued at $476,000 after buying an additional 6,400 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in Stone Energy by 93.0% in the 4th quarter. Two Sigma Advisers LP now owns 24,700 shares of the oil and natural gas company’s stock valued at $794,000 after buying an additional 11,900 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors.

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About Stone Energy

Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico. As of December 31, 2017, it had an estimated proved oil and natural gas reserves of approximately 32.5 million barrels of oil equivalent.

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