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Last $5.67 USD
Change Today +0.57 / 11.18%
Volume 4.5M
SGY On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

stone energy corp (SGY) Snapshot

Open
$4.99
Previous Close
$5.10
Day High
$5.75
Day Low
$4.70
52 Week High
09/2/14 - $35.16
52 Week Low
08/26/15 - $3.74
Market Cap
324.6M
Average Volume 10 Days
2.7M
EPS TTM
$-0.46
Shares Outstanding
57.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for STONE ENERGY CORP (SGY)

stone energy corp (SGY) Related Businessweek News

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stone energy corp (SGY) Details

Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico and the Appalachia region. As of December 31, 2014, it had estimated proved oil and natural gas reserves of approximately 915 billion cubic feet of gas equivalent. The company was founded in 1993 and is headquartered in Lafayette, Louisiana.

384 Employees
Last Reported Date: 02/26/15
Founded in 1993

stone energy corp (SGY) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $645.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $379.2K
Senior Vice President of Appalachia
Total Annual Compensation: $287.5K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $284.2K
Senior Vice President for Gulf of Mexico
Total Annual Compensation: $274.2K
Compensation as of Fiscal Year 2014.

stone energy corp (SGY) Key Developments

Stone Energy Corp. Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Impairment Charges for the Second Quarter of 2015; Revises Production Guidance for the Year 2015; Provides Production Guidance for the Third Quarter of 2015; Provides Capital Expenditure Guidance for the Years 2015 and 2016

Stone Energy Corp. announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2015. The company's second quarter results showed an adjusted $9 million loss or a loss of about $0.17 per share before an after-tax noncash impairment charge of $144 million, which brought the reported loss to $153 million. The company's discretionary cash flow for the quarter was about $85 million or around $1.50 per share, driven primarily by greater-than-expected production and lower cost. Total operating revenue was $149,525,000 compared to $207,046,000 a year ago. Loss from operations was $228,161,000 compared to profit from operations of $16,613,000 a year ago. Loss before taxes was $237,954,000 compared to profit before taxes of $7,436,000 a year ago. Net loss was $152,906,000 compared to net income of $4,444,000 a year ago. Net cash provided by operating activities was $62,143,000 compared to $141,488,000 a year ago. Capital expenditures for the second quarter of 2015 were approximately $91.1 million, which includes $18.8 million of plugging and abandonment expenditures, and the sale of a deep water lease block for $10.1 million compared to second quarter 2014 capital expenditures of approximately $252.9 million, which includes $15.1 million of plugging and abandonment expenditures. For the six months period, the company's total operating revenue was $301,954,000 compared to $430,664,000 a year ago. Loss from operations was $725,355,000 compared to profit from operations of $65,165,000 a year ago. Loss before taxes was $745,248,000 compared to profit before taxes of $48,481,000 a year ago. Net loss was $480,294,000 compared to net income of $30,387,000 a year ago. Net cash provided by operating activities was $145,665,000 compared to $256,960,000 a year ago. Adjusted net loss was $22,242,000 or $8.70 per share. Production for the 2015 second quarter, excluding the previous period adjustment, was about 46,000-barrel equivalents a day or 274 million cubic feet equivalents per day. The company announced after-tax noncash impairment charge of $144 million for the second quarter of 2015. The impairment charge was primarily due to lower oil, NGL and natural gas prices used in calculating the full cost ceiling and an impairment due to an unsuccessful exploration venture in Canada. Overall, given the strong performance to date from its deep water Gulf of Mexico properties, its Appalachian volumes and the added working interest in Appalachia, the company is increasing its 2015 production guidance from the previous 39,000 to 43,000 barrel equivalents per day, up to 42,000 to 44,000 barrel equivalents per day. The company also provided production guidance for the third quarter of 2015 at about 39,000 to 41,000 Boe per day, which carries a projected weather downtime and operational downtime in the quarter itself. The company’s board has authorized its 2015 capital budget at $450 million. The company expects 2016 capital budget to be lower than its 2015 budget.

Stone Energy Corp., Q2 2015 Earnings Call, Aug 06, 2015

Stone Energy Corp., Q2 2015 Earnings Call, Aug 06, 2015

Stone Energy Corp. to Report Q2, 2015 Results on Aug 05, 2015

Stone Energy Corp. announced that they will report Q2, 2015 results After-Market on Aug 05, 2015

 

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Price/Earnings NM Not Meaningful
Price/Sales 0.4x
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TEV/Sales NM Not Meaningful
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