Equities research analysts predict that Stone Energy Co. (NYSE:SGY) will post earnings of $0.03 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Stone Energy’s earnings. Stone Energy reported earnings of ($27.68) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 100.1%. The business is scheduled to issue its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Stone Energy will report full-year earnings of ($1.17) per share for the current financial year. For the next year, analysts forecast that the firm will post earnings of $0.17 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Stone Energy.

Stone Energy (NYSE:SGY) last posted its earnings results on Wednesday, November 1st. The oil and natural gas company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.37. The company had revenue of $79.53 million for the quarter. Stone Energy had a return on equity of 590.23% and a net margin of 68.43%. During the same quarter in the previous year, the business posted ($0.02) earnings per share.

A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Stone Energy from a “buy” rating to a “hold” rating in a research note on Friday. Canaccord Genuity reiterated a “buy” rating and issued a $3.25 target price on shares of Stone Energy in a research note on Thursday, December 14th. ValuEngine cut shares of Stone Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Scotiabank restated a “hold” rating and set a $2.50 price objective on shares of Stone Energy in a research note on Tuesday, October 10th. Finally, BMO Capital Markets restated a “buy” rating and set a $2.75 price objective on shares of Stone Energy in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $9.50.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. raised its stake in shares of Stone Energy by 12.7% during the second quarter. Sei Investments Co. now owns 13,039 shares of the oil and natural gas company’s stock valued at $240,000 after purchasing an additional 1,465 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of Stone Energy during the third quarter valued at about $206,000. Nationwide Fund Advisors bought a new stake in shares of Stone Energy during the second quarter valued at about $204,000. Federated Investors Inc. PA bought a new stake in shares of Stone Energy during the second quarter valued at about $207,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Stone Energy during the second quarter valued at about $384,000. Institutional investors and hedge funds own 97.09% of the company’s stock.

Shares of Stone Energy (NYSE:SGY) opened at $31.81 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.20 and a quick ratio of 2.20. Stone Energy has a one year low of $16.50 and a one year high of $39.80.

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Stone Energy Company Profile

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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