Stone Energy Co. (NYSE:SGY) – Analysts at Capital One Financial boosted their FY2017 EPS estimates for Stone Energy in a note issued to investors on Wednesday. Capital One Financial analyst R. Tullis now anticipates that the oil and natural gas company will earn ($0.97) per share for the year, up from their prior estimate of ($0.99). Capital One Financial also issued estimates for Stone Energy’s Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.55 EPS and FY2018 earnings at $1.78 EPS.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets reiterated a “buy” rating and set a $2.75 price target on shares of Stone Energy in a report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Stone Energy from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, December 20th. Canaccord Genuity restated a “buy” rating and set a $3.25 price objective on shares of Stone Energy in a research report on Thursday, December 14th. ValuEngine upgraded shares of Stone Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Scotiabank restated a “hold” rating and set a $2.50 price objective on shares of Stone Energy in a research report on Tuesday, October 10th. 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’s stock. Stone Energy presently has a consensus rating of “Hold” and an average price target of $12.10.

Stone Energy (NYSE:SGY) opened at $33.49 on Monday. 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 twelve month low of $16.50 and a twelve month high of $39.70.

Large investors have recently modified their holdings of the company. California State Teachers Retirement System purchased a new stake in shares of Stone Energy during the 2nd quarter worth approximately $636,000. Teachers Advisors LLC purchased a new stake in shares of Stone Energy during the 2nd quarter worth approximately $638,000. TIAA CREF Investment Management LLC purchased a new stake in shares of Stone Energy during the 2nd quarter worth approximately $1,572,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Stone Energy during the 2nd quarter worth approximately $1,740,000. Finally, State Street Corp lifted its position in shares of Stone Energy by 2,548.1% during the 2nd quarter. State Street Corp now owns 308,242 shares of the oil and natural gas company’s stock worth $5,669,000 after buying an additional 296,602 shares during the last quarter. Institutional investors and hedge funds own 97.43% of the company’s stock.

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About Stone Energy

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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