Stone Energy Corporation (SGY) : Traders are bullish on Stone Energy Corporation (SGY) as it has outperformed the S&P 500 by a wide margin of 7.61% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 11.16%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 11.34% in the last 1 week, and is up 7.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.21% and the 50-Day Moving Average is 4.74%.The 200 Day SMA reached 23.57%
Stone Energy Corporation (NYSE:SGY): After opening at $11.81, the stock dipped to an intraday low of $11.77 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $12.36 and the buying power remained strong till the end. The stock closed at $11.88 for the day, a gain of 1.19% for the day session. The total traded volume was 843,820. The stocks close on the previous trading day was $11.88.
Stone Energy Corporation (SGY) : 6 Wall Street analysts covering Stone Energy Corporation (SGY) believe that the average level the stock could reach for the short term is $8.67. The maximum price target given is $14 and the minimum target for short term is around $3, hence the standard deviation is calculated at $4.18.
Stone Energy Corporation is an independent oil and natural gas exploration and production company. The Company is engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties in the Gulf of Mexico (GOM) basin. It seeks to acquire seismic data and leasehold interests in undeveloped, onshore, oil-focused plays and is focused on the GOM conventional shelf, GOM deep water, Gulf Coast deep gas and the Marcellus Shale in Appalachia. As of December 31, 2014, the Companys estimated proved oil and natural gas reserves were approximately 153 million barrels of oil equivalent (Mmboe) or 915 billions of cubic feet equivalent (Bcfe). The Companys oil and natural gas production is sold at current market prices under short-term contracts. Shell Trading (US) Company and Phillips 66 Company accounted for approximately 32% and 31%, respectively, of its oil and natural gas revenue generated during the year ended December 31, 2014.