Stone Energy Corp. (NYSE:SGY) was a big mover last session, as the company saw its shares rise around 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 21.8.1% in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past one month, while the Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
Stone Energy currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
A better-ranked stock in the same industry is Denbury Resources Inc. (NYSE:DNR) , sporting a Zacks Rank #1 (Strong Buy).
Is SGY going up? Or down? Predict to see what others think: Up or Down
DENBURY RES INC (DNR): Free Stock Analysis Report
STONE ENERGY CP (SGY): Free Stock Analysis Report
Original post
Zacks Investment Research