We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Stone Energy (SGY) in Focus: Stock Moves 9.2% Higher
Stone Energy Corp. was a big mover last session, as the company saw its shares rise more than 9% on the day. Shares moved up after the company announced that it would make the necessary payments to its lenders to comply with its financial obligations. This led to solid volume too with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $2.90 to $6.70 in the past one-month time frame, showed a pick-up yesterday at $5.21.
This U.S.-based oil exploration and production company witnessed one positive and one negative estimate revision over the past 30 days. The Zacks Consensus Estimate moved up over the same time frame, suggesting that more solid trading could be ahead for Stone Energy. So make sure to keep an eye on this stock going forward to see if the recent jump can turn into more strength down the road.
Stone Energy has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
STONE ENERGY CP Price
STONE ENERGY CP Price | STONE ENERGY CP Quote
However, a better-ranked stock in the same space is Halcón Resources Corporation , sporting a Zacks Rank #1 (Strong Buy).
Is SGY going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>