Stone Energy (SGY) Misses Q4 EPS by 4c
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Imperial Capital Maintains In-Line Rating on Stone Energy (SGY) Post 4Q; Awaits Further Clarity
February 24, 2016 7:47 AM ESTImperial Capital maintained an In-Line rating on Stone Energy (NYSE: SGY), and cut the price target to $1.25 (from $2.75), following the company's 4Q. The Board confirmed managements initial 2016 capex budget of $200mn. Management discussed means to manage the firms 2016 capex as well as its 2017 convertible note maturity. The firm secured a limited farm-out agreement for its ENSCO rig to help manage its 2016 capex budget. However, Imperial is... More
KLR Group Downgrades Stone Energy (SGY) to Hold
February 24, 2016 7:17 AM ESTKLR Group downgraded Stone Energy (NYSE: SGY) from Buy to Hold with a price target of $4.00 (from $5.00).
Analyst Gail Nicholson commented, "We are downgrading SGY to Hold from Buy and reducing our target price $1 to $4 per share due to increased concerns regarding the... More
