Stone Energy (SGY) Stock Rating Reaffirmed by Raymond James
Stone Energy (NYSE:SGY)‘s stock had its “average” rating reaffirmed by equities researchers at Raymond James in a note issued to investors on Thursday. They presently have a $1.75 price objective on the oil and natural gas company’s stock.
A number of other equities analysts have also weighed in on SGY. CIBC reissued a “hold” rating and issued a $2.25 price objective on shares of Stone Energy in a research report on Friday, February 1st. Royal Bank of Canada reissued a “neutral” rating and issued a $2.50 price objective on shares of Stone Energy in a research report on Monday, January 7th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Stone Energy presently has a consensus rating of “Hold” and an average target price of $11.88.
Stone Energy has a 52-week low of $16.76 and a 52-week high of $40.16.
Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico. As of December 31, 2017, it had an estimated proved oil and natural gas reserves of approximately 32.5 million barrels of oil equivalent.
Read More: Why is the LIBOR significant?
Receive News & Ratings for Stone Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stone Energy and related companies with MarketBeat.com's FREE daily email newsletter.