Large Outflow of Money Witnessed in Stone Energy Corporation

Stone Energy Corporation (SGY) : Money flow in the Stone Energy Corporation (SGY) stock was negative (2.23 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $6.53 million, compared to $8.76 million on downticks. The total uptick to downtick ratio was 0.75, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.65 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $1.65 million, indicating persistent selling. Stone Energy Corporation (SGY) traded $2.62 higher at $20.32 gaining 14.8% over the previous days close.


The company Insiders own 3.5% of Stone Energy Corporation shares according to the proxy statements. In an insider trading activity, The Securities and Exchange Commission has divulged that Welch David H, officer (Chairman, President & CEO) of Stone Energy Corp, had unloaded 11,000 shares at an average price of $14.64 in a transaction dated on March 31, 2015. The total value of the transaction was worth $161,040.

Shares of Stone Energy Corp. rose by 88.85% in the last five trading days and 336.54% for the last 4 weeks. Stone Energy Corp. is up 100.88% in the last 3-month period. Year-to-Date the stock performance stands at -47.09%.

Stone Energy Corporation (NYSE:SGY): stock turned positive on Tuesday. Though the stock opened at $19.47, the bulls momentum made the stock top out at $25.5 level for the day. The stock recorded a low of $19.47 and closed the trading day at $22.7, in the green by 28.25%. The total traded volume for the day was 5,220,579. The stock had closed at $17.7 in the previous days trading.

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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