515K shares changed hands in the last trading session. Overall, volume was up 179.60% over the stocks normal daily volume.
Investors are feeling more bullish on shares of Stone Energy Corp recently if you look at the change in short interest. The stock saw a fall in short interest from September 29, 2017 to October 13, 2017 of -2.28%. Short interest fell from 1,156,105 to 1,129,717 over that period. With short interest at 1,129,717 and short average daily volume at 85,110, the short-interest ratio is 13.0 and the percentage of shorted shares was 0.00% on October 13.
Here are a few substantial investment firms who have updated their positions. Citadel Advisors LLC cut its ownership by shedding 323,911 shares a decrease of 95.3% in the quarter. Citadel Advisors LLC now holds 16,069 shares valued at $13,000. The value of the position overall is down by 99.1%.
On October 10 Scotiabank made no change to the stock rating of “Hold” projecting a price of $2.50.
In the market the company is trading up from yesterday’s close of 2.01. The company currently has a P/E ratio of N/A and the market cap of the company is 472.83M. In the latest earnings report the EPS was $-0.04 with 232.92M shares outstanding.
Stone Energy Corporation, launched on March 15, 1993, is an independent oil and natural gas company. The Company is involved in the acquisition, exploration, exploitation, development and operation of oil and gas properties. The Company operates in the Gulf of Mexico (GOM) basin. As of December 31, 2016, the Business’s estimated proved oil and natural gas reserves were approximately 53 million barrels of oil equivalents (MMBoe) or 321 billion cubic feet equivalent (Bcfe). Its subsidiaries include Stone Energy Offshore, L.L.C. (Stone Offshore) and Stone Energy Holding, L.L.C..