Wall Street analysts expect Stone Energy Co. (NYSE:SGY) to announce ($17.58) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Stone Energy’s earnings. Stone Energy reported earnings of ($44.81) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 60.8%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, May 8th.
On average, analysts expect that Stone Energy will report full-year earnings of ($52.58) per share for the current financial year. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Stone Energy.
Stone Energy (NYSE:SGY) last posted its quarterly earnings data on Thursday, February 23rd. The oil and natural gas company reported ($4.88) earnings per share for the quarter, beating analysts’ consensus estimates of ($6.65) by $1.77. The firm earned $113.11 million during the quarter, compared to analyst estimates of $92 million.
A number of research firms have recently commented on SGY. Zacks Investment Research raised shares of Stone Energy from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, April 12th. Capital One Financial Corp. raised shares of Stone Energy from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, March 1st. Finally, National Securities raised shares of Stone Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $6.00 to $10.00 in a research report on Tuesday, February 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.00.
Stone Energy (NYSE:SGY) traded up 1.54% during trading on Monday, hitting $21.10. 124,811 shares of the stock were exchanged. Stone Energy has a 12-month low of $16.50 and a 12-month high of $32.39. The firm’s market cap is $20.85 million. The stock’s 50-day moving average price is $21.25 and its 200-day moving average price is $34.98.
An institutional investor recently bought a new position in Stone Energy stock. Mackay Shields LLC bought a new position in Stone Energy Co. (NYSE:SGY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,948,684 shares of the oil and natural gas company’s stock, valued at approximately $86,239,000. Stone Energy makes up 3.9% of Mackay Shields LLC’s investment portfolio, making the stock its largest position. Mackay Shields LLC owned about 399.66% of Stone Energy at the end of the most recent reporting period. 28.40% of the stock is currently owned by institutional investors.
Stone Energy 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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