About Stone Energy (NYSE:SGY)
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. Its estimated proved oil and natural gas reserves are over 60 million barrels of oil equivalents (MMBoe) or 340 billion cubic feet equivalent (Bcfe). Over 95 MMBoe or 570 Bcfe of its estimated proved reserves are revised downward. It has made investments in seismic data and leasehold interests, and has geological, geophysical, engineering and operational operations in deep water arena to evaluate potential exploration, development and acquisition opportunities. It holds over two deep water platforms, producing reserves and various leases.
Industry, Sector and Symbol
Industry Independent Oil & Gas
Sub-IndustryOil & Gas Exploration & Production
Trailing P/E RatioN/A
Forward P/E RatioN/A
Sales & Book Value
Annual Sales$377.39 million
Price / Sales1.67
Cash Flow$394.00 per share
Price / Cash0.08
Book Value($635.28) per share
Price / Book-0.05
Return on Equity590.23%
Return on Assets37.33%
Stone Energy (NYSE:SGY) Frequently Asked Questions
What is Stone Energy's stock symbol?
Stone Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "SGY."
How were Stone Energy's earnings last quarter?
Stone Energy Co. (NYSE:SGY) announced its quarterly earnings results on Wednesday, November, 1st. The oil and natural gas company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.31) by $0.37. The oil and natural gas 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 prior year, the business posted ($0.02) EPS. View Stone Energy's Earnings History.
When will Stone Energy make its next earnings announcement?
Where is Stone Energy's stock going? Where will Stone Energy's stock price be in 2018?
5 analysts have issued 1-year target prices for Stone Energy's stock. Their predictions range from $2.50 to $10.00. On average, they anticipate Stone Energy's stock price to reach $4.63 in the next twelve months. View Analyst Ratings for Stone Energy.
What are Wall Street analysts saying about Stone Energy stock?
Here are some recent quotes from research analysts about Stone Energy stock:
- 1. According to Zacks Investment Research, "Stone Energy has a multi-year inventory of drilling prospects, and is working on a strategy to fund its growth areas in Appalachia, the Rockies and the Deep Gas in the conventional shelf. It is actively engaged in horizontal well drilling in the Marcellus Shale and involved in various vertical tests in the Bakken Shale play. The company’s excellent financial health is also noteworthy. Stone Energy’s merger with Talos Energy is likely to create a leading exploration and production firm with extensive operations in offshore resources. However, over the past year Stone Energy plunged 17.2%, underperforming the industry’s 10.7% decline. Moreover, we are concerned about Stone Energy’s declining proved crude and natural gas reserves." (1/22/2018)
- 2. National Securities analysts commented, "What Happened:
• Stone emerged from bankruptcy on February 28, removing $1.2 billion in liabilities from its balance sheet.
• Former holders of the 2017 and 2022 notes, will receive 19 million shares, representing 95% of the newly organized common shares.
• Stone will maintain its listing on the NYSE, and will trade under the same SGY ticker symbol.
• In 4Q16, SGY entered into a purchase and sale agreement with TH Exploration, to dispose of its Appalachian assets in exchange for $360 million in cash. We expect the sale to close on Feb 28, 2017, at which point SGY will no longer have assets or operations in the region.
• Stone produced 43.7 thousand barrels of oil equivalent per day (Mboe/d), near the upper band of company guidance. Additionally the company saw a 7% reduction to its base of proved reserves
• In all candor, Stone’s emergence from bankruptcy significantly improves its balance sheet, putting upward pressure on share prices, and providing investors with an admittedly compelling value prospect at current levels. Indeed, given the downward revision in reserves, coupled with expectations for lower production, our knee jerk reaction would be to remain neutral on company shares. Still, the reduction of over $1 billion in debt cannot be ignored, and solves what has been Stone’s biggest pain point in recent years.
• In addition to positively impacting the balance sheet, the reduction in debt levels will also reduce Stone’s interest expense burden. By our own model, we project a decline in quarterly interest to $5 million, from $14.6 in 4Q16.
• The sale of its Appalachian assets will likely have a sharp negative impact on production volumes. We note that in 4Q16, production from Stone’s Appalachian assets was approximately 128 Million cubic feet per day (Mmcfe/d), or approximately 21 Mboe/d when converted to oil equivalents. To that end, we expect both Stone’s production volumes and production mix to change, moving forward. Specifically, our 2017 model estimates 24 Mboe/d in the second quarter down 45% from the 43.7 Mboe/d Stone produced in 4Q16. Moreover, where we have traditionally viewed Stone as having a balanced production mix between oil natural gas, and natural gas liquids (NGL’s), we now view the company as having a significantly larger oil blend, modeling 65% moving forward.
• We actually contend that this is a beneficial time for Stone in regards to a shift in production mix, as oil prices have begun to strengthen within the last quarter. Additionally, investors should note that Stone produces oil that receives Light Louisiana Sweet (LLS) pricing, which traditionally trades at a premium to benchmark WTI.
• The sale of its Appalachian assets will impact production but is likely to have a smaller impact on Stone’s reserve base. While the sale of assets generally leads to declines in proved reserves, we note that Stone already received a negative revision in 2015 on the aforementioned asset. To that end, we view the decline from 57 Mmboe to 53 Mmboe as relatively mild.
• At this time, we are raising our price target on Stone to $10 (from 6), while upgrading its shares to BUY. Given the aforementioned developments we contend that Stone has value at current levels. We expect that Stone’s share count will grow in the near future, and highlight that we are accounting for 20 million shares in 1Q17, versus 5.6 in 4Q16. We continue to evaluate Stone on the basis of reserves, production, and discretionary cash flow, while making adjustments for net debt. Our $10 price target equates to .76x our 2017 discretionary cash flow per share (DCF) estimate of $13.10
Who are some of Stone Energy's key competitors?
Some companies that are related to Stone Energy include Spartan Energy (SPE), Calfrac Well Services (CFW), Paramount Resources TEC (TET), Baytex Energy (BTE), Advantage Oil & Gas (AAV), AWE (AWE), Bonanza Creek Energy (BCEI), Athabasca Oil (ATH), Senex Energy (SXY), Pengrowth Energy (PGF), goeasy (GSY), Cardinal Energy (CJ), Bonterra Energy (BNE), Gluskin Sheff + Associates (GS), Argonaut Gold (AR), BlackPearl Resources (PXX), Midstates Petroleum (MPO) and Bonavista Energy (BNP).
Who owns Stone Energy stock?
Stone Energy's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.85%), Royce & Associates LP (2.91%), Renaissance Technologies LLC (1.33%), Bank of New York Mellon Corp (1.29%), Schwab Charles Investment Management Inc. (0.93%) and TIAA CREF Investment Management LLC (0.76%). Company insiders that own Stone Energy stock include John J Leonard, Kay G Priestly, Kenneth H Beer and Robert S Murley. View Institutional Ownership Trends for Stone Energy.
Who sold Stone Energy stock? Who is selling Stone Energy stock?
Stone Energy's stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Ellington Management Group LLC, Metropolitan Life Insurance Co. NY, Rhumbline Advisers, Citadel Advisors LLC and QS Investors LLC. View Insider Buying and Selling for Stone Energy.
Who bought Stone Energy stock? Who is buying Stone Energy stock?
Stone Energy's stock was acquired by a variety of institutional investors in the last quarter, including Royce & Associates LP, Bank of New York Mellon Corp, BlackRock Inc., Renaissance Technologies LLC, Schwab Charles Investment Management Inc., Goldman Sachs Group Inc., Swiss National Bank and Mackenzie Financial Corp. View Insider Buying and Selling for Stone Energy.
How do I buy Stone Energy stock?
Shares of Stone Energy can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Stone Energy's stock price today?
One share of Stone Energy stock can currently be purchased for approximately $31.52.
How big of a company is Stone Energy?
Stone Energy has a market capitalization of $630.37 million and generates $377.39 million in revenue each year. Stone Energy employs 241 workers across the globe.
How can I contact Stone Energy?
Stone Energy's mailing address is 625 E KALISTE SALOOM RD, LAFAYETTE LA, 70508. The oil and natural gas company can be reached via phone at 337-237-0410.
MarketBeat Community Rating for Stone Energy (SGY)MarketBeat's community ratings are surveys of what our community members think about Stone Energy and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Stone Energy (NYSE:SGY) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Buy||Hold|
|Consensus Rating Score: ||2.40||2.40||2.50||2.00|
|Ratings Breakdown: ||0 Sell Rating(s)|
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
1 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$4.63||$4.63||$5.08||$6.50|
|Price Target Upside: ||82.00% downside||82.00% downside||84.55% downside||6.47% downside|
Stone Energy (NYSE:SGY) Consensus Price Target History
Stone Energy (NYSE:SGY) Analyst Ratings History
(Data available from 2/18/2016 forward)
Stone Energy (NYSE:SGY) Earnings History and Estimates Chart
Stone Energy (NYSE SGY) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/1/2017||Q3 2017||($0.31)||$0.06||$79.53 million||View||N/A|
|8/7/2017||Q2 2017||($0.09)||$0.33||$76.72 million||View||Listen|
|2/23/2017||Q4||($6.65)||($4.88)||$92.00 million||$113.11 million||View||N/A|
|11/7/2016||Q3||($6.67)||($7.40)||$32.17 million||$94.43 million||View||N/A|
|8/2/2016||Q2||($6.42)||($7.45)||$79.01 million||$89.32 million||View||N/A|
|5/4/2016||Q1||($0.76)||($0.79)||$72.52 million||$80.68 million||View||N/A|
|2/22/2016||Q415||$0.08||$0.04||$109.64 million||$110.50 million||View||Listen|
|11/2/2015||Q3||($0.09)||($0.15)||$128.15 million||$132.20 million||View||Listen|
|8/5/2015||Q2||($0.10)||($0.17)||$149.02 million||$149.50 million||View||Listen|
|5/4/2015||Q1||($0.19)||($0.23)||$167.43 million||$153.50 million||View||Listen|
|2/24/2015||Q4||($0.09)||($3.47)||$175.92 million||$184.78 million||View||Listen|
|11/4/2014||Q3||$0.07||($0.54)||$179.12 million||$183.20 million||View||Listen|
|8/5/2014||Q2||$0.39||$0.08||$221.53 million||$204.96 million||View||Listen|
|5/5/2014||Q114||$0.39||$0.52||$218.26 million||$223.80 million||View||Listen|
|2/24/2014||Q413||$0.57||$0.56||$245.50 million||$239.25 million||View||Listen|
|11/5/2013||Q313||$0.76||$0.72||$248.52 million||$256.68 million||View||Listen|
|8/5/2013||Q2 2013||$0.68||$0.78||$222.89 million||$245.90 million||View||Listen|
|5/6/2013||Q1 2013||$0.72||$0.82||$223.29 million||$232.90 million||View||Listen|
|2/25/2013||Q4 2012||$0.55||$0.89||$240.62 million||$254.90 million||View||Listen|
|11/6/2012||Q312||$0.57||$0.48||$219.42 million||$226.72 million||View||N/A|
Stone Energy (NYSE:SGY) Earnings Estimates
2018 EPS Consensus Estimate: $1.79
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Stone Energy (NYSE:SGY)
No dividend announcements for this company have been tracked by MarketBeat.com
Stone Energy (NYSE SGY) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.50%
Institutional Ownership Percentage: 97.27%
Stone Energy (NYSE SGY) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/7/2017||John J Leonard||VP||Sell||814||$21.11||$17,183.54||238|| |
|12/30/2016||Robert S. Murley||Director||Sell||4,027||$7.21||$29,034.67|| |
|12/23/2016||Kay G Priestly||Director||Sell||520||$8.71||$4,529.20||4,518|| |
|12/22/2016||Kenneth H. Beer||CFO||Sell||4,000||$9.70||$38,800.00|| |
|3/31/2015||David H Welch||CEO||Sell||11,000||$14.64||$161,040.00|| |
|11/6/2014||Kevin G Hurst||VP||Sell||3,000||$22.00||$66,000.00|| |
|3/11/2014||Phyllis Taylor||Director||Buy||7,000||$34.51||$241,570.00||37,195|| |
|5/28/2013||Kevin G Hurst||VP||Sell||1,000||$23.19||$23,190.00|| |
Stone Energy (NYSE SGY) News Headlines
|Stone Energy (SGY) to Release Quarterly Earnings on Wednesday|
www.americanbankingnews.com - February 14 at 2:38 AM
|SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Stone Energy Corporation Buyout|
finance.yahoo.com - February 7 at 9:30 AM
|FY2017 EPS Estimates for Stone Energy Co. Raised by Capital One Financial (SGY)|
www.americanbankingnews.com - February 5 at 1:02 AM
|Stone Energy (SGY) Stock Rating Lowered by ValuEngine|
www.americanbankingnews.com - February 4 at 1:48 PM
|Q4 2017 Earnings Forecast for Stone Energy Co. Issued By Capital One Financial (SGY)|
www.americanbankingnews.com - February 2 at 7:42 AM
|Stone Energy Co. (SGY) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - January 31 at 1:34 AM
|Stone Energy Corporation Announces 2017 Year-end Reserves, Production Update and 2018 Preliminary Capital Budget|
finance.yahoo.com - January 30 at 4:14 PM
|What Are the Key Resistance Levels for Crude Oil Futures?|
finance.yahoo.com - January 29 at 9:35 AM
|US Gasoline Demand Could Extend the Crude Oil Price Rally|
finance.yahoo.com - January 24 at 9:55 AM
|Cushing Inventories Hit January 2015 Low|
finance.yahoo.com - January 23 at 8:33 AM
|Stone Energy (SGY) Stock Rating Lowered by Zacks Investment Research|
www.americanbankingnews.com - January 22 at 1:36 PM
|Stone Energy (SGY) Upgraded to "Buy" at Zacks Investment Research|
www.americanbankingnews.com - January 19 at 1:54 PM
|Iraq’s Crude Oil Production Capacity Could Hit 5 MMbpd|
finance.yahoo.com - January 17 at 11:42 AM
|Capital One Financial Comments on Stone Energy Co.'s Q1 2018 Earnings (SGY)|
www.americanbankingnews.com - January 15 at 5:02 AM
|Stone Energy Strikes Premium Oil in GoM Deep Water Well - Nasdaq|
www.nasdaq.com - January 12 at 6:13 AM
|Stone Energy Corporation Announces Mt. Providence Drilling Success - PR Newswire (press release)|
www.prnewswire.com - January 11 at 6:22 AM
|US Dollar Recovering from 3-Month Low: Bearish for Crude Oil?|
finance.yahoo.com - January 10 at 3:19 PM
|Stone Energy Co. (SGY) Expected to Announce Earnings of $0.03 Per Share|
www.americanbankingnews.com - January 6 at 5:16 AM
|Stone Energy Co. (SGY) Receives Consensus Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - January 6 at 1:26 AM
|US Gasoline Demand Could Support Crude Oil Bulls in 2018|
finance.yahoo.com - January 3 at 11:15 AM
|US Crude Oil Refinery Demand and Imports Impact Oil Prices|
finance.yahoo.com - December 27 at 9:54 AM
|Stone Energy Corp. – Value Analysis (NYSE:SGY) : December 26, 2017|
finance.yahoo.com - December 26 at 1:22 PM
|Houston energy co. to move, expand HQ within Allen Center - Houston Business Journal|
www.bizjournals.com - December 23 at 1:36 AM
|Stone Energy (SGY) Upgraded by Zacks Investment Research to "Buy"|
www.americanbankingnews.com - December 20 at 12:56 PM
|Stone Energy (SGY) Earns Buy Rating from Canaccord Genuity|
www.americanbankingnews.com - December 14 at 3:26 PM
|Stone Energy Corporation (SGY) Given Average Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - December 12 at 1:56 AM
|Contrasting Stone Energy (SGY) & Penn Virginia (PVAHQ)|
www.americanbankingnews.com - December 9 at 7:18 PM
|Head to Head Contrast: Circle Star Energy (CRCL) & Stone Energy (SGY)|
www.americanbankingnews.com - December 3 at 7:30 PM
|Comparing Triangle Petroleum (TPLM) & Stone Energy (SGY)|
www.americanbankingnews.com - December 3 at 1:48 AM
|Zacks: Analysts Expect Stone Energy Corporation (SGY) to Post $0.03 Earnings Per Share|
www.americanbankingnews.com - December 2 at 11:30 PM
|Stone Energy (SGY) Downgraded by ValuEngine to "Strong Sell"|
www.americanbankingnews.com - December 2 at 5:34 PM
|SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Stone Energy Corporation ... - PR Newswire (press release)|
www.prnewswire.com - December 2 at 7:37 AM
|Stone Energy's (SGY) Talos Energy LLC to Combine with Stone Energy Corporation (Transcript) - Seeking Alpha|
seekingalpha.com - December 2 at 7:37 AM
|Stone Energy (SGY) Cut to "Neutral" at National Securities|
www.americanbankingnews.com - November 28 at 7:50 PM
|WeissLaw LLP: Stone Energy Corp. Merger May Not Be in the Best Interests of SGY Shareholders|
www.prnewswire.com - November 28 at 7:07 PM
|Stone Energy Corp. breached its 50 day moving average in a Bearish Manner : SGY-US : November 28, 2017|
finance.yahoo.com - November 28 at 7:37 AM
|[$$] Stone Energy To Merge With Talos Energy|
finance.yahoo.com - November 23 at 6:28 PM
|Bragar Eagel & Squire, PC is Investigating the Board of Directors of Stone Energy Corporation (SGY) on Behalf of ... - Business Wire (press release)|
www.businesswire.com - November 23 at 10:25 AM
|Stone Energy, Talos Energy announce merger deal - Seeking Alpha|
seekingalpha.com - November 22 at 7:53 AM
|SHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Stone Energy Corporation and Encourages Investors to Contact the Firm for Additional Information|
finance.yahoo.com - November 22 at 7:53 AM
|ALERT: Rowley Law PLLC is Investigating Proposed Merger of Stone Energy Corporation and Talos Energy LLC|
www.prnewswire.com - November 21 at 3:50 PM
|Stone Energy to merge with Talos Energy, to create a $1.9 billion market cap E&P company|
finance.yahoo.com - November 21 at 10:22 AM
|SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Concerning Whether the Sale of Stone Energy Corporation to Talos Energy LLC is Fair to Shareholders – SGY|
finance.yahoo.com - November 21 at 10:22 AM
|Stone Energy Corporation (SGY) Receives Average Rating of "Hold" from Brokerages|
www.americanbankingnews.com - November 17 at 1:48 AM
|Stone Energy Corporation (SGY) Given Buy Rating at BMO Capital Markets|
www.americanbankingnews.com - November 16 at 1:28 PM
|Whiting USA Trust II (WHZ) & Stone Energy Corporation (SGY) Head to Head Contrast|
www.americanbankingnews.com - November 13 at 7:32 PM
|Whiting USA Trust II (WHZ) & Stone Energy Corporation (SGY) Critical Review|
www.americanbankingnews.com - November 13 at 9:24 AM
|Stone Energy Corp. breached its 50 day moving average in a Bullish Manner : SGY-US : November 8, 2017|
finance.yahoo.com - November 9 at 1:20 PM
|Zacks Investment Research Upgrades Stone Energy Corporation (SGY) to Hold|
www.americanbankingnews.com - November 7 at 3:16 PM
|ETFs with exposure to Stone Energy Corp. : November 6, 2017|
finance.yahoo.com - November 7 at 10:11 AM
Stone Energy (NYSE:SGY) SEC Filings
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Stone Energy (NYSE:SGY) Income Statement, Balance Sheet and Cash Flow Statement
Stone Energy (NYSE SGY) Stock Chart for Sunday, February, 18, 2018