Q3 2017 EPS Estimates for Stone Energy Corporation Increased by Analyst (SGY)
Stone Energy Corporation (NYSE:SGY) – Research analysts at Capital One Financial Corporation upped their Q3 2017 EPS estimates for shares of Stone Energy Corporation in a report released on Wednesday. Capital One Financial Corporation analyst R. Tullis now expects that the oil and natural gas company will post earnings per share of ($0.01) for the quarter, up from their prior forecast of ($0.05). Capital One Financial Corporation also issued estimates for Stone Energy Corporation’s Q4 2017 earnings at ($0.03) EPS and FY2017 earnings at ($0.73) EPS.
Stone Energy Corporation (NYSE:SGY) last released its earnings results on Monday, August 7th. The oil and natural gas company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.42. Stone Energy Corporation had a net margin of 41.74% and a negative return on equity of 215.45%. The business had revenue of $76.72 million for the quarter. TRADEMARK VIOLATION NOTICE: “Q3 2017 EPS Estimates for Stone Energy Corporation Increased by Analyst (SGY)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.watchlistnews.com/q3-2017-eps-estimates-for-stone-energy-corporation-increased-by-analyst-sgy/1472536.html.
SGY has been the topic of a number of other research reports. BidaskClub upgraded Stone Energy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine downgraded Stone Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, May 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $12.33.
Shares of Stone Energy Corporation (NYSE SGY) opened at 25.29 on Friday. The company has a 50 day moving average of $20.59 and a 200 day moving average of $24.72. Stone Energy Corporation has a 52-week low of $16.50 and a 52-week high of $87.50. The firm’s market capitalization is $505.77 million.
Several institutional investors have recently modified their holdings of the stock. GeoSphere Capital Management acquired a new position in shares of Stone Energy Corporation during the first quarter worth $4,202,000. Ameriprise Financial Inc. acquired a new position in shares of Stone Energy Corporation during the first quarter worth $4,261,000. SG Americas Securities LLC acquired a new position in shares of Stone Energy Corporation during the first quarter worth $123,000. Credit Suisse AG increased its position in shares of Stone Energy Corporation by 890.1% in the first quarter. Credit Suisse AG now owns 533,774 shares of the oil and natural gas company’s stock worth $11,658,000 after buying an additional 479,864 shares in the last quarter. Finally, Sei Investments Co. acquired a new position in shares of Stone Energy Corporation during the first quarter worth $253,000. Institutional investors own 87.24% of the company’s stock.
About Stone Energy Corporation
Stone Energy Corporation is an independent oil and natural gas company. The Company is engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties. The Company operates in the Gulf of Mexico (GOM) basin. It has leveraged its operations in the GOM conventional shelf and has its reserve base in the prolific basins of the GOM deep water, Gulf Coast deep gas, and the Marcellus and Utica shales in Appalachia.
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