Shares of Stone Energy Co. (NYSE:SGY) have been given an average recommendation of “Hold” by the seven brokerages that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $12.38.
Several brokerages have weighed in on SGY. Zacks Investment Research cut shares of Stone Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 22nd. ValuEngine cut shares of Stone Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd.
Institutional investors and hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp purchased a new stake in Stone Energy during the 4th quarter valued at $987,000. Swiss National Bank purchased a new stake in shares of Stone Energy in the 4th quarter worth about $1,097,000. Royce & Associates LP lifted its position in shares of Stone Energy by 46.1% in the 4th quarter. Royce & Associates LP now owns 581,179 shares of the oil and natural gas company’s stock worth $18,691,000 after purchasing an additional 183,500 shares during the period. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Stone Energy in the 4th quarter worth about $1,259,000. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Stone Energy by 25.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 118,457 shares of the oil and natural gas company’s stock worth $3,443,000 after purchasing an additional 23,793 shares during the period. 98.94% of the stock is owned by institutional investors and hedge funds.
Shares of Stone Energy opened at $35.49 on Friday, Marketbeat.com reports. The company has a current ratio of 2.96, a quick ratio of 2.12 and a debt-to-equity ratio of 0.72.
Stone Energy (NYSE:SGY) last announced its quarterly earnings results on Monday, March 12th. The oil and natural gas company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.10). The firm had revenue of $76.33 million for the quarter. Stone Energy had a net margin of 9.64% and a return on equity of 9.36%. equities analysts expect that Stone Energy will post 3.61 EPS for the current fiscal year.
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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