KLR Group Upgrades Stone Energy (SGY) to Accumulate

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Go back to KLR Group Upgrades Stone Energy (SGY) to Accumulate

Stone Energy Corp. (SGY) Tops Q1 EPS by 12c

May 5, 2014 4:48 PM EDT

Stone Energy Corp. (NYSE: SGY) reported Q1 EPS of $0.52, $0.12 better than the analyst estimate of $0.40. Revenue for the quarter came in at $222.6 million versus the consensus estimate of $218.26 million.

Operational Update

Mississippi Canyon 29 Cardona South (Deep Water). The Cardona South well (MC 29 #5 well) encountered over 275 feet of net oil pay in three separate sections of the well. The Cardona South success extends the productive zone of the Mississippi Canyon 29 TB-9 well to the adjacent fault block to the south and sets up a potential second and third well in the... More