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Bull of the Day

Stone Energy Corp. (SGY)

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By: Zacks Equity Research
December 17, 2009 |Comments: 0
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SGY

We recommend an Outperform rating for Stone Energy (SGY) shares following strong third-quarter 2009 results. Stone has moved away from liquidity management in the first half of 2009 to a disciplined organic growth mode.

The Gulf of Mexico (GoM) shelf helped the company deliver a strong quarter, underpinned by both production growth and decreased cost. Last year's acquisition of Bois d'Arc Energy, a pure-play GoM player, has increased Stone's footprint in this region.

Our favorable view of the stock reflects the company's improving balance sheet, positive production growth profile, decreasing cost and improved prospects for capital discipline.

Stone Energy Corp. (SGY) : FULL ANALYST REPORT

Bull of the Day
Every day we feature one stock with a Zacks Recommendation of Buy that is set to outperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on SGY

 

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Market Summary Feb 10, 2012 17:04 pm ET
DJIA 12801.23  -89.23 -0.69%
NASD 2903.88  -23.35 -0.80%
S&P 500 1342.64  -9.31 -0.69%
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