Stone Energy Corporation (SGY) : The consensus price target for Stone Energy Corporation (SGY) is $8.67 for the short term with a standard deviation of $4.18. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $14, however, the pessimist price target for the company is $3.
Stone Energy Corporation (SGY) has an average broker rating of 3.57, which is interpreted as a Sell, as rated by 7 equity analysts. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Stone Energy Corporation (NYSE:SGY). Barclays has a Equalweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $3 per share from a prior target of $0.5. The rating by the firm was issued on June 15, 2016.
Stone Energy Corporation (NYSE:SGY): The stock opened at $10.51 on Thursday but the bulls could not build on the opening and the stock topped out at $10.90 for the day. The stock traded down to $10.51 during the day, due to lack of any buying support eventually closed down at $10.82 with a loss of -1.28% for the day. The stock had closed at $10.96 on the previous day. The total traded volume was 448,630 shares.
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.