Stone Energy Corporation (NYSE:SGY) – Research analysts at Capital One Financial Corporation raised their Q3 2017 EPS estimates for shares of Stone Energy Corporation in a note issued to investors on Wednesday. Capital One Financial Corporation analyst R. Tullis now anticipates that the oil and natural gas company will post earnings per share of ($0.01) for the quarter, up from their prior forecast of ($0.05). Capital One Financial Corporation also issued estimates for Stone Energy Corporation’s Q4 2017 earnings at ($0.03) EPS and FY2017 earnings at ($0.73) EPS.
Stone Energy Corporation (NYSE:SGY) last issued its earnings results on Monday, August 7th. The oil and natural gas company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.42. The company had revenue of $76.72 million during the quarter. Stone Energy Corporation had a net margin of 41.74% and a negative return on equity of 215.45%.
SGY has been the subject of several other research reports. ValuEngine downgraded shares of Stone Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, May 26th. BidaskClub raised shares of Stone Energy Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.33.
Shares of Stone Energy Corporation (SGY) opened at 24.45 on Friday. Stone Energy Corporation has a 52 week low of $16.50 and a 52 week high of $87.50. The firm’s market cap is $488.98 million. The firm’s 50 day moving average is $20.77 and its 200-day moving average is $24.56.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC acquired a new position in Stone Energy Corporation during the second quarter worth $386,000. Northern Trust Corp acquired a new position in Stone Energy Corporation during the second quarter worth $3,650,000. New York State Common Retirement Fund acquired a new position in Stone Energy Corporation during the second quarter worth $384,000. Nationwide Fund Advisors acquired a new position in Stone Energy Corporation during the second quarter worth $204,000. Finally, TIAA CREF Investment Management LLC acquired a new position in Stone Energy Corporation during the second quarter worth $1,572,000. 87.24% of the stock is owned by institutional investors and hedge funds.
Stone Energy Corporation Company 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.
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