Q3 2016 EPS Estimates for Stone Energy Corp. Decreased by FBR & Co (SGY)
Stone Energy Corp. (NYSE:SGY) – FBR & Co dropped their Q3 2016 earnings per share (EPS) estimates for Stone Energy Corp. in a note issued to investors on Monday. FBR & Co analyst C. Mabry now forecasts that the firm will post earnings per share of ($7.34) for the quarter, down from their previous forecast of ($4.37). FBR & Co also issued estimates for Stone Energy Corp.’s Q4 2016 earnings at ($6.29) EPS, FY2016 earnings at ($28.93) EPS, Q1 2017 earnings at ($5.81) EPS, Q2 2017 earnings at ($5.82) EPS, Q3 2017 earnings at ($5.55) EPS, Q4 2017 earnings at ($5.10) EPS, FY2017 earnings at ($22.24) EPS and FY2018 earnings at ($19.61) EPS.
Other research analysts have also issued research reports about the company. Barclays PLC lifted their price target on Stone Energy Corp. to $3.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 15th. National Securities reiterated a “neutral” rating and issued a $7.00 price target on shares of Stone Energy Corp. in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded Stone Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a research report on Monday, July 11th. Finally, Howard Weil lifted their price target on Stone Energy Corp. to $17.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 30th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Stone Energy Corp. currently has an average rating of “Hold” and an average price target of $6.71.
Shares of Stone Energy Corp. (NYSE:SGY) opened at 11.92 on Thursday. The company’s market capitalization is $66.63 million. The company’s 50 day moving average price is $11.59 and its 200-day moving average price is $9.94. Stone Energy Corp. has a 1-year low of $2.70 and a 1-year high of $98.40.
Stone Energy Corp. (NYSE:SGY) last released its quarterly earnings data on Tuesday, August 2nd. The company reported ($7.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($6.42) by $1.03. Stone Energy Corp. had a negative net margin of 241.14% and a negative return on equity of 39.01%. The company had revenue of $89.32 million for the quarter, compared to the consensus estimate of $79.01 million. During the same quarter in the previous year, the firm posted ($1.69) earnings per share.
Hedge funds have recently bought and sold shares of the stock. Societe Generale bought a new stake in Stone Energy Corp. during the second quarter valued at $128,000. Renaissance Technologies LLC acquired a new position in shares of Stone Energy Corp. during the first quarter worth approximately $188,000. Geode Capital Management LLC increased its position in shares of Stone Energy Corp. by 0.8% in the first quarter. Geode Capital Management LLC now owns 343,674 shares of the company’s stock worth $271,000 after buying an additional 2,896 shares during the period. Spark Investment Management LLC acquired a new position in shares of Stone Energy Corp. during the first quarter worth approximately $300,000. Finally, Stonehill Capital Management LLC acquired a new position in shares of Stone Energy Corp. during the second quarter worth approximately $438,000. 35.90% of the stock is owned by hedge funds and other institutional investors.
About Stone Energy Corp.
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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