Stone Energy Corporation (NYSE:SGY) : The highest level Stone Energy Corporation (NYSE:SGY) is projected to reach is $20 for the short term and the lowest estimate is at $3. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $8.17 and the possibility the share price can swing is $6.24.
Other Equity analysts have also commented on the company shares. Barclays maintains their rating on the shares of Stone Energy Corporation (NYSE:SGY). The current rating of the shares is Equalweight. Equity Analysts at the Firm raises the price target to $3 per share from $0.5 per share. The rating by the firm was issued on June 15, 2016.
Stone Energy Corporation (NYSE:SGY): stock turned positive on Thursday. Though the stock opened at $9.2, the bulls momentum made the stock top out at $9.2 level for the day. The stock recorded a low of $8.13 and closed the trading day at $8.78, in the green by 2.21%. The total traded volume for the day was 2,740,318. The stock had closed at $8.59 in the previous days trading.
The company shares have dropped -93.73% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $141.10 and the one year low was seen on May 18, 2016. The 50-Day Moving Average price is $5.46 and the 200 Day Moving Average price is recorded at $18.61. On the companys insider trading activities,The officer (Chairman, President & CEO) of Stone Energy Corp, Welch David H sold 11,000 shares at $14.64 on March 31, 2015. The Insider selling transaction had a total value worth of $161,040. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.