Stone Energy Corporation (SGY) : During the past 4 weeks, traders have been relatively bearish on Stone Energy Corporation (SGY), hence the stock is down -49.67% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.05% relative to the S&P 500. The 4-week change in the price of the stock is -49.15% and the stock has fallen -1.99% in the past 1 week.
The stock has recorded a 20-day Moving Average of 23.79% and the 50-Day Moving Average is 11.4%. Stone Energy Corporation (NYSE:SGY): On Fridays trading session , Opening price of the stock was $10.16 with an intraday high of $10.31. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.65. However, the stock managed to close at $9.83, a loss of 2.19% for the day. On the previous day, the stock had closed at $10.05. The total traded volume of the day was 593,755 shares.
The company Insiders own 3.5% of Stone Energy Corporation shares according to the proxy statements. Also, In a research note released to the investors, Barclays maintains its rating on Stone Energy Corporation (NYSE:SGY).The analysts at the brokerage house have a current rating of Equalweight on the shares. In a recent information released to the investors, Barclays raises the new 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 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.