Capital One Southcoast Downgrades Stone Energy (SGY) to Neutral; Prefers W&T Offshore (WTI)
More News related to SGY
- OMNI Installs First I.M.P.A.C.T.(TM) Systems Offshore
- Notable Analyst Rating Changes 11/09: RSH, ANF, NOC, ADBE, HERO Upgraded; RIMM, RHT, GPS, AZN, SGY Downgraded
- Capital One Southcoast Downgrades Stone Energy (SGY) to Neutral
- Barclays Starts Stone Energy (SGY) at Equal Weight
- Raymond James Upgrades Stone Energy (SGY) to Market Perform
More News related to WTI
- Jefferies & Co Downgrades Oil & Gas Drilling & Exploration Stocks
- W&T Offshore (WTI) Declares $0.03 Quarterly Dividend; 0.9% Yield
- W&T Offshore (WTI) Posts Q3 Loss of 2c, Better By 3c
- W&T Offshore Declares Quarterly Dividend on Common Stock
- W&T Offshore Reports Third Quarter Net Loss of $0.02 per Share
More News related to Downgrades
- Brean Murray Downgrades NuVasive (NUVA) to Hold; Reimbursement Issues Struck a Nerve
- Merriman Curhan Ford Downgrades Netflix (NFLX) to Neutral; Risk Lies More With Initial 1Q Guidance
- Shields & Co. Downgrades ALLETE, Inc. (ALE) to Hold
- Scotia Capital Downgrades Grupo Aeroportuario del Centro (OMAB) to Sector Perform
- Goldman Sachs Upgrades Bradesco and Banco do Brasil; Downgrades Bancolombia
Capital One Southcoast downgrades Stone Energy (NYSE: SGY) from Add to Neutral.
Capital One analyst says, "Share price already above our increased target: Although we are increasing our NAV by $2 to $18, the current SGY price of $18.38 is already 2% above our new target price, and we recommend that investors realize some of their gains in the name. The shares are up 16% this week and 130% since the share offering in June. SGY shares are currently pricing in ~$75 oil & $6.50 gas long term. We believe that W&T Offshore (NYSE: WTI), which currently has about 50% upside to our $18 target, offers an attractive way for investors to gain oily Gulf of Mexico exposure (oil makes up about 40% of current production and 54% of YE08 1P)."
To see more analyst ratings on SGY Click Here.
Stone Energy Corporation engages in the acquisition, exploration, development, operation, and production of oil and gas properties located in the Gulf of Mexico and Appalachia region.
Related Categories
DowngradesStocks Mentioned
+0.26Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
