Filing Buzzer: Why Arvind Sanger’s Geosphere Capital Management Reported Big Stone Energy Corp Position?

Filing Buzzer: Why Arvind Sanger's Geosphere Capital Management Reported Big Stone Energy Corp Position?

The New Arvind Sanger’s Geosphere Capital Management Holding in Stone Energy Corp

Geosphere Capital Management filed with the SEC SC 13D/A form for Stone Energy Corp. The form can be accessed here: 000108514616004890. As reported in Arvind Sanger’s Geosphere Capital Management’s form, the filler as of late owns 6.69% or 381,366 shares of the Energy–company.

Stone Energy Corp stake is a new one for the for the hedge fund and it was filed because of activity on November 14, 2016. We feel this shows Arvind Sanger’s Geosphere Capital Management’s positive view for the stock. For a hedge fund managing $162.13 million in assets and having 8+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Energy sector. In the manager’s last 13-F, we saw 9% of Arvind Sanger’s Geosphere Capital Management’s US equities portfolio is in this sector.

Reasons Why Arvind Sanger’s Geosphere Capital Management Bought – Stone Energy Corp Stock

PURPOSE OF TRANSACTION: Capital Appreciation

Stone Energy Corp Institutional Sentiment

Latest Security and Exchange filings show 143 investors own Stone Energy Corp. The institutional ownership in Q3 2015 is high, at 929.03% of the outstanding shares. This is decreased by 5230959 the total institutional shares. 52861895 were the shares owned by these institutional investors. In total 18 funds opened new Stone Energy Corp stakes, 57 increased stakes. There were 38 that closed positions and 50 reduced them.

Paul Reeder And Edward Shapiro Par Capital Management Inc is an institutional investor bullish on Stone Energy Corp, owning 1000000 shares as of Q3 2015 for 0.10% of its portfolio. Irving Magee Investment Management owns 153089 shares or 0.40% of its portfolio. CT Westport Asset Management Inc have 0.19% of their stock portfolio for 44570 shares. Further, Westport Advisers Llc reported stake worth 0.22% of its US stock portfolio. The IL Good Harbor Financial Llc owns 359959 shares. Stone Energy Corp is 0.19% of the manager’s US portfolio.

Business Profile

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. Its estimated proved oil and natural gas reserves are over 60 million barrels of oil equivalents (MMBoe) or 340 billion cubic feet equivalent (Bcfe). Over 95 MMBoe or 570 Bcfe of its estimated proved reserves are revised downward. It has made investments in seismic data and leasehold interests, and has geological, geophysical, engineering and operational operations in deep water arena to evaluate potential exploration, development and acquisition opportunities. It holds over two deep water platforms, producing reserves and various leases.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 0.03 in 2016 Q2. Its down 0.81, from 0.84 in 2016Q1. The ratio turned negative, 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.

Adirondack And Management holds 716,000 shares or 0.12% of its portfolio. York Mngmt Advsrs Ltd holds 0.01% of its portfolio in Stone Energy Corporation (NYSE:SGY) for 1,000 shares. Da Davidson And has 3,000 shares for 0% of their US portfolio. Great West Life Assurance Can accumulated 3,766 shares or 0% of the stock. Putnam Investments Ltd Liability last reported 22.91 million shares in the company.

The stock decreased 1.98% or $0.11 during the last trading session, hitting $5.45. Stone Energy Corporation (NYSE:SGY) has declined 40.76% since April 14, 2016 and is downtrending. It has underperformed by 45.45% the S&P500.

Stone Energy Corporation is an independent oil and natural gas company. The company has a market cap of $33.41 million. The Firm is engaged in the acquisition, exploration, exploitation, development and operation of gas and oil properties. It currently has negative earnings. The Firm operates in the Gulf of Mexico basin.

Stone Energy Corporation (NYSE:SGY) Ratings Coverage

Out of 11 analysts covering Stone Energy Corporation (NYSE:SGY), 1 rate it a “Buy”, 5 “Sell”, while 5 “Hold”. This means 9% are positive. $13 is the highest target while $0.50 is the lowest. The $5.79 average target is 6.24% above today’s ($5.45) stock price. Stone Energy Corporation has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Stone Energy Corporation (NYSE:SGY) has “Outperform” rating given on Sunday, August 16 by Scotia Capital. As per Friday, February 12, the company rating was downgraded by Ladenburg Thalmann. On Wednesday, February 24 the stock rating was maintained by Imperial Capital with “In-Line”. The firm has “Outperform” rating given on Wednesday, November 4 by Imperial Capital. The rating was downgraded by Imperial Capital on Tuesday, April 19 to “Underperform”. KLR Group maintained it with “Buy” rating and $13 target price in Monday, August 31 report. Johnson Rice downgraded Stone Energy Corporation (NYSE:SGY) on Monday, April 18 to “Hold” rating. Imperial Capital maintained the stock with “Outperform” rating in Friday, September 11 report. Imperial Capital downgraded it to “In-Line” rating and $2.27 target price in Wednesday, February 3 report. The stock has “Hold” rating given by KLR Group on Wednesday, February 24.

Another recent and important Stone Energy Corporation (NYSE:SGY) news was published by Prnewswire.com which published an article titled: “Stone Energy Corporation Announces Third Quarter 2016 Results” on November 07, 2016.

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.”

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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