Shares of Stone Energy Co. (NYSE:SGY) have earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $12.38.
SGY has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Stone Energy from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. ValuEngine raised shares of Stone Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th.
Shares of NYSE SGY opened at $38.04 on Monday. Stone Energy has a twelve month low of $16.76 and a twelve month high of $39.70. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.12 and a quick ratio of 2.12.
A number of institutional investors and hedge funds have recently bought and sold shares of SGY. Nationwide Fund Advisors lifted its position in Stone Energy by 201.6% in the 3rd quarter. Nationwide Fund Advisors now owns 33,542 shares of the oil and natural gas company’s stock valued at $975,000 after acquiring an additional 22,422 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Stone Energy by 25.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 118,457 shares of the oil and natural gas company’s stock valued at $3,443,000 after acquiring an additional 23,793 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in Stone Energy in the 3rd quarter valued at $2,486,000. Cornerstone Capital Management Holdings LLC. lifted its position in Stone Energy by 83.0% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 62,600 shares of the oil and natural gas company’s stock valued at $1,818,000 after acquiring an additional 28,400 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new stake in Stone Energy in the 3rd quarter valued at $206,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.
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About Stone Energy
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.
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