Press coverage about Stone Energy Corporation (NYSE:SGY) has been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Stone Energy Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news stories about the oil and natural gas company an impact score of 45.9125951544688 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Stone Energy Corporation (SGY) opened at $32.76 on Wednesday. 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 Corporation has a fifty-two week low of $14.76 and a fifty-two week high of $49.96.
Stone Energy Corporation (NYSE:SGY) last posted its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.37. Stone Energy Corporation had a return on equity of 590.23% and a net margin of 68.43%. The business had revenue of $79.53 million during the quarter. During the same period in the previous year, the company posted ($0.02) earnings per share. sell-side analysts predict that Stone Energy Corporation will post -1.45 EPS for the current fiscal year.
Several brokerages recently issued reports on SGY. Zacks Investment Research upgraded shares of Stone Energy Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Scotiabank reiterated a “hold” rating and set a $2.50 price target on shares of Stone Energy Corporation in a research note on Tuesday, October 10th. ValuEngine upgraded shares of Stone Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 31st. Finally, BidaskClub upgraded shares of Stone Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $6.25.
Stone Energy Corporation 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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