Stone Energy Corporation (NYSE:SGY) : Currently there are 6 street experts covering Stone Energy Corporation (NYSE:SGY) stock. The most bullish and bearish price target for the stock is $20 and $3 respectively for the short term. The average price target of all the analysts comes to $8.17. The estimated standard deviation from the target is $6.24.
Shares of Stone Energy Corp. rose by 37.36% in the last five trading days and 127.55% for the last 4 weeks. Stone Energy Corp. is up 77.35% in the last 3-month period. Year-to-Date the stock performance stands at -71.89%. Also, Equity analysts at the Brokerage firm Barclays maintains its rating on Stone Energy Corporation (NYSE:SGY). The rating major has initiated the coverage with equalweight rating on the shares. The Analysts at Barclays raises the price target from $0.5 per share to $3 per share. The rating by the firm was issued on June 15, 2016.
Stone Energy Corporation (NYSE:SGY) : 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Stone Energy Corporation (NYSE:SGY). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Sell with a rating of 3.57.
Stone Energy Corporation (NYSE:SGY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.26 and $10.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.06, notching a gain of 22.81% for the day. The total traded volume was 4,074,505 . The stock had closed at $9.82 on the previous day.
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.
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.