Stone Energy Corp. Receives a Hold from Barclays

By George MacDonald

Barclays analyst Jeffrey Robertson maintained a Hold rating on Stone Energy Corp. (NYSE: SGY) today and set a price target of $0.50. The company’s shares opened today at $0.60, close to its 52-week low of $0.55.

According to, Robertson is a 4-star analyst with an average return of 3.7% and a 48.5% success rate. Robertson covers the Basic Materials sector, focusing on stocks such as Memorial Resource Development, Quicksilver Resources Inc., and Whiting Petroleum Corp.

Stone Energy Corp. has an analyst consensus of Moderate Sell, with a price target consensus of $0.50


Based on Stone Energy Corp.`s latest earnings report from March 31, the company posted quarterly revenue of $80.54M and quarterly net profit of -$188.8M. In comparison, last year the company earned revenue of $150.4M and had a net profit of -$327.4M.

Unlike Barclays` latest rating, based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. Last month, David H. Welch, a the COB, Pres & CEO of SGY sold 11,000 shares for a total of $161,040.

Stone Energy Corp. is an independent oil and natural gas company engages in the acquisition, exploration, exploitation, development and operation of oil and gas properties. Its operation include the Gulf of Mexico. The company was founded by James Hiram Stone in 1993 and is headquartered in Lafayette, LA.