Brokerage Firm Rating on Stone Energy Corporation (SGY)

Stone Energy Corporation (SGY) : The consensus on Stone Energy Corporation (SGY) based on 7 analyst recommendation on the company stock is 3.57, which is interpreted as a Sell recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Stone Energy Corporation (SGY) : The consensus price target for Stone Energy Corporation (SGY) is $9.33 for the short term with a standard deviation of $5.35. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $18, however, the pessimist price target for the company is $3.


Company shares have received an average consensus rating of Hold for the current week 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 $9.98 and $9.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.05, notching a gain of 0.80% for the day. The total traded volume was 698,156 . The stock had closed at $9.97 on the previous day.

In a related news, Welch David H, officer (Chairman, President & CEO) of Stone Energy Corp, unloaded 11,000 shares at an average price of $14.64 on March 31, 2015. The total amount of the transaction was worth $161,040, according to the disclosed information 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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