Large Inflow of Money Detected in Stone Energy Corporation

Stone Energy Corporation (SGY) : $11.41 million worth of transactions were on upticks in Stone Energy Corporation (SGY), compared to $9.72 million on downticks. The ratio between the two was 1.17, whereas, the net money flow stood at a healthy $1.69 million on Wednesdays session.The block trades show a bullish bias with only $0.47 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $0.1million worth of trades. The total money flow into the stock stood at $-0.47 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -11.41%. The stock was trading at $17.54, with a drop of $2.26 over the previous days close. The stock recorded -9.26% for the week.


Also, Major Brokerage house, Barclays maintains its ratings on Stone Energy Corporation (NYSE:SGY). In the latest research report, Barclays raises the target price from $0.5 per share to $3 per share. According to the latest information available, the shares are now rated Equalweight by the analysts at the agency. The rating by the firm was issued on June 15, 2016.

Stone Energy Corporation (NYSE:SGY): The stock opened at $19.26 on Wednesday but the bulls could not build on the opening and the stock topped out at $19.70 for the day. The stock traded down to $17.44 during the day, due to lack of any buying support eventually closed down at $17.58 with a loss of -11.21% for the day. The stock had closed at $19.80 on the previous day. The total traded volume was 1,544,685 shares.

The stock has recorded a 20-day Moving Average of 22.25% and the 50-Day Moving Average is 99.76%. In a related news,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.

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