The stock of Stone Energy Corporation (NYSE:SGY) is a huge mover today! About 671,120 shares traded hands. Stone Energy Corporation (NYSE:SGY) has declined 43.15% since March 2, 2016 and is downtrending. It has underperformed by 51.41% the S&P500.
The move comes after 9 months positive chart setup for the $65.56 million company. It was reported on Oct, 5 by Barchart.com. We have $19.61 PT which if reached, will make NYSE:SGY worth $39.99 million more.
Analysts await Stone Energy Corporation (NYSE:SGY) to report earnings on November, 7. They expect $-4.99 EPS, down 232.67% or $3.49 from last year’s $-1.5 per share. After $-7.45 actual EPS reported by Stone Energy Corporation for the previous quarter, Wall Street now forecasts -33.02% EPS growth.
Stone Energy Corporation (NYSE:SGY) Ratings Coverage
Out of 11 analysts covering Stone Energy Corporation (NYSE:SGY), 1 rate it a “Buy”, 4 “Sell”, while 6 “Hold”. This means 9% are positive. Stone Energy Corporation has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Friday, February 12, the company rating was downgraded by Ladenburg Thalmann. FBR Capital downgraded the shares of SGY in a report on Wednesday, January 6 to “Mkt Perform” rating. Imperial Capital downgraded the shares of SGY in a report on Tuesday, April 19 to “Underperform” rating. Piper Jaffray downgraded the shares of SGY in a report on Friday, March 11 to “Underweight” rating. The firm has “Hold” rating given on Wednesday, February 24 by KLR Group. The firm has “Sector Perform” rating by Howard Weil given on Friday, August 14. Simmons & Co downgraded Stone Energy Corporation (NYSE:SGY) on Friday, March 11 to “Underweight” rating. Imperial Capital downgraded Stone Energy Corporation (NYSE:SGY) rating on Wednesday, February 3. Imperial Capital has “In-Line” rating and $2.27 price target. KLR Group maintained Stone Energy Corporation (NYSE:SGY) rating on Monday, August 31. KLR Group has “Buy” rating and $13 price target. Barclays Capital maintained the shares of SGY in a report on Wednesday, June 15 with “Equalweight” rating.
According to Zacks Investment Research, “Stone Energy is an independent oil and gas company headquartered in Lafayette, Louisiana, and is engaged in the acquisition, exploitation and operation of oil and gas properties located in the Gulf Coast Basin.”
Insitutional Activity: The institutional sentiment decreased to 0.03 in 2016 Q2. Its down 0.81, from 0.84 in 2016Q1. The ratio worsened, as 120 funds sold all Stone Energy Corporation shares owned while 0 reduced positions. 4 funds bought stakes while 0 increased positions. They now own 23.63 million shares or 37.56% less from 37.85 million shares in 2016Q1.
York Cap Global Advsr Ltd Liability Corporation has invested 0.01% of its portfolio in Stone Energy Corporation (NYSE:SGY). Great West Life Assurance Co Can accumulated 3,766 shares or 0% of the stock. Moreover, Putnam Investments Lc has 0.02% invested in Stone Energy Corporation (NYSE:SGY) for 22.91M shares. Da Davidson & reported 3,000 shares or 0% of all its holdings. Adirondack Rech And last reported 0.12% of its portfolio in the stock.
More notable recent Stone Energy Corporation (NYSE:SGY) news were published by: Prnewswire.com which released: “Stone Energy Corporation Announces Second Quarter 2016 Results” on August 02, 2016, also Fool.com with their article: “Better Late Than Never: Stone Energy Corporation Surges After Making an …” published on June 14, 2016, Prnewswire.com published: “Stone Energy Corporation Announces 1-for-10 Reverse Stock Split” on June 01, 2016. More interesting news about Stone Energy Corporation (NYSE:SGY) were released by: Investorplace.com and their article: “Stone Energy Corporation: SGY Stock Has Gotten TOO Hot” published on July 12, 2016 as well as Wsj.com‘s news article titled: “Stone Energy Says Bankruptcy Filing a Possibility” with publication date: May 17, 2016.
SGY Company Profile
Stone Energy Corporation, incorporated on March 15, 1993, is an independent oil and natural gas company. The Firm is engaged in the acquisition, exploration, exploitation, development and operation of gas and oil properties. The Firm operates in the Gulf of Mexico (GOM) basin. The Firm has leveraged its activities 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. The Company’s estimated proved oil and natural gas reserves are approximately 60 million barrels of oil equivalents (MMBoe) or 340 billion cubic feet equivalent (Bcfe). Approximately 95 MMBoe or 570 Bcfe of its estimated proved reserves are revised downward. The Company’s subsidiaries are Stone Energy Offshore, L.L.C. (Stone Offshore), Stone Energy Holding, L.L.C., Stone Energy Canada, U.L.C, SEO A LLC and SEO B LLC.
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