Stone Energy (SGY) Getting Somewhat Favorable News Coverage, Study Shows

News coverage about Stone Energy (NYSE:SGY) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Stone Energy earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the oil and natural gas company an impact score of 45.0769494497652 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s analysis:

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Shares of NYSE SGY opened at $37.45 on Tuesday. Stone Energy has a 1 year low of $16.76 and a 1 year high of $39.70. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.12 and a current ratio of 2.12.

Stone Energy (NYSE:SGY) last announced its quarterly earnings results on Monday, March 12th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.10). The company had revenue of $76.33 million for the quarter. Stone Energy had a net margin of 116.92% and a return on equity of 128.72%. research analysts forecast that Stone Energy will post 1.78 earnings per share for the current year.

Several brokerages recently issued reports on SGY. Zacks Investment Research cut shares of Stone Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 22nd. ValuEngine cut shares of Stone Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $12.38.

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Stone Energy Company Profile

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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