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Stone Energy (SGY) Reaches $31.60 After 5.00% Down Move; Hometown Bankshares Has 1 Sentiment

The stock of Stone Energy Corporation (NYSE:SGY) is a huge mover today! The stock decreased 3.55% or $1.16 during the last trading session, reaching $31.6. About 65,933 shares traded. Stone Energy Corporation (NYSE:SGY) has risen 104.48% since February 13, 2017 and is uptrending. It has outperformed by 87.78% the S&P500.The move comes after 8 months negative chart setup for the $631.89 million company. It was reported on Feb, 13 by Barchart.com. We have $30.02 PT which if reached, will make NYSE:SGY worth $31.59M less.

HomeTown Bankshares Corporation operates as the bank holding firm for HomeTown Bank that provides retail and commercial banking services and products in the United States. The company has market cap of $65.39 million. It offers various deposit products, such as checking accounts, savings and time deposits, daily money market accounts, longer-term certificates of deposit, and individual retirement accounts. It has a 24.14 P/E ratio. The companyÂ’s loan portfolio includes commercial loans comprising secured and unsecured loans for working capital, including inventory and receivables; business expansion loans, such as acquisition of real estate and improvements; and loans for the purchase of equipment and machinery.

Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of gas and oil properties in the Gulf of Mexico. The company has market cap of $631.89 million. As of December 31, 2016, it had estimated proved oil and natural gas reserves of approximately 321 billion cubic feet of gas equivalent. It currently has negative earnings.

Analysts await Stone Energy Corporation (NYSE:SGY) to report earnings on February, 22. They expect $0.03 earnings per share, up 100.11% or $27.71 from last year’s $-27.68 per share. SGY’s profit will be $599,897 for 263.33 P/E if the $0.03 EPS becomes a reality. After $0.06 actual earnings per share reported by Stone Energy Corporation for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.

Among 13 analysts covering Stone Energy Corporation (NYSE:SGY), 1 have Buy rating, 5 Sell and 7 Hold. Therefore 8% are positive. Stone Energy Corporation has $13 highest and $0.50 lowest target. $5.79’s average target is -81.68% below currents $31.6 stock price. Stone Energy Corporation had 29 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, May 29, the company rating was downgraded by ValuEngine. Johnson Rice downgraded Stone Energy Corporation (NYSE:SGY) on Monday, April 18 to “Hold” rating. Imperial Capital maintained Stone Energy Corporation (NYSE:SGY) rating on Friday, September 11. Imperial Capital has “Outperform” rating and $7 target. As per Wednesday, June 15, the company rating was maintained by Barclays Capital. The firm has “In-Line” rating given on Wednesday, February 24 by Imperial Capital. The rating was downgraded by KLR Group to “Hold” on Wednesday, February 24. The rating was downgraded by Simmons & Co on Friday, March 11 to “Underweight”. The rating was downgraded by FBR Capital on Wednesday, January 6 to “Mkt Perform”. The stock of Stone Energy Corporation (NYSE:SGY) earned “Outperform” rating by Scotia Capital on Sunday, August 16. CapitalOne downgraded the stock to “Underweight” rating in Tuesday, January 19 report.

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