Stone Energy Co. (SGY) Upgraded by ValuEngine to Sell

ValuEngine upgraded shares of Stone Energy Co. (NYSE:SGY) from a strong sell rating to a sell rating in a report published on Thursday.

A number of other brokerages have also weighed in 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 for the company in a research note 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 note on Wednesday, March 1st. Finally, National Securities raised shares of Stone Energy from a neutral rating to a buy rating and upped their price target for the stock from $6.00 to $10.00 in a research note on Tuesday, February 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $12.00.

Shares of Stone Energy (NYSE:SGY) traded up 3.36% during trading on Thursday, hitting $22.13. 55,411 shares of the company’s stock were exchanged. Stone Energy has a 1-year low of $15.91 and a 1-year high of $32.39. The firm’s market capitalization is $442.58 million. The stock’s 50 day moving average is $21.16 and its 200 day moving average is $30.51.

Stone Energy (NYSE:SGY) last issued its quarterly earnings results on Thursday, February 23rd. The oil and natural gas company reported ($4.88) earnings per share for the quarter, topping analysts’ consensus estimates of ($6.65) by $1.77. The company had revenue of $113.11 million during the quarter, compared to analyst estimates of $92 million. On average, equities research analysts forecast that Stone Energy will post $0.06 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Stone Energy during the first quarter worth approximately $123,000. Sei Investments Co. acquired a new stake in Stone Energy during the first quarter worth approximately $253,000. Snow Capital Management LP acquired a new stake in Stone Energy during the first quarter worth approximately $798,000. GeoSphere Capital Management acquired a new stake in Stone Energy during the first quarter worth approximately $4,202,000. Finally, Ameriprise Financial Inc. acquired a new stake in Stone Energy during the first quarter worth approximately $4,261,000. Institutional investors and hedge funds own 28.40% of the company’s stock.

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.

5 Day Chart for NYSE:SGY

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