|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||35.29 - 35.97|
|52 Week Range||35.29 - 35.97|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Talos Energy (TALO) sees solid earnings estimate revisions and looks poised to shock the market, and yet seems overlooked by the investors.
When the deal was announced in November, the companies said Talos Energy Inc. was expected to have an initial equity market capitalization of approximately $1.9 billion and an enterprise value of approximately $2.5 billion, based on Stone’s stock price of $35.49 on Nov. 20.
“We have an opportunity to step into what would we would say are meaningful subsea tieback discoveries … and do it quickly. There is certainly some big-impact stuff, but there are also a series of smaller discoveries that can fit a different model, and we’re looking at all that.”
("Stone") today announced that a majority of the stockholders of Stone have approved and adopted the previously announced transaction agreement under which Talos and Stone will combine in an all-stock transaction. As a result, no further action by any Stone stockholder is required under applicable law or otherwise to adopt the transaction agreement. Subject to satisfaction or waiver of the remaining customary closing conditions in the transaction agreement, the transaction is expected to close on or about May 10, 2018, at which time the common stock of Stone will cease to be traded on the New York Stock Exchange ("NYSE").
LAFAYETTE, La. , May 1, 2018 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) ("Stone" or the "Company") today announced that the Company closed the transaction contemplated under ...
LAFAYETTE, La., April 24, 2018 /PRNewswire/ -- Stone Energy Corporation (SGY) ("Stone" or the "Company") today announced that the Derbio exploration well (Mississippi Canyon Block 72 #3 well) reached total depth and encountered reservoir-quality sands in the targeted objective that did not contain commercial saturations of hydrocarbons. The partners are now evaluating the possible development of the Rampart Deep well as a single-well tieback. Working interest partners in the Derbio prospect are Stone with 40%, Deep Gulf Energy III, LLC with 30%, and two entities managed by Ridgewood Energy Corporation, Ridgewood Rampart, LLC and ILX Prospect Rampart, LLC, each owning 15%. Certain statements in this press release are forward-looking and are based upon Stone's current belief as to the outcome and timing of future events.
NEW YORK, April 24, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
In this part, we’ll discuss Stone Energy (SGY)—the final company in the top-five lineup of upstream companies with the highest forecast capex (capital expenditure) growth in 2018 compared to the levels in 2017. Stone Energy’s management forecast a capex of $212 million in 2018 compared to $154 million spent in 2017, which is ~38% growth. In November 2017, Stone Energy announced its decision to combine with Talos Energy LLC. Under the agreement terms, Talos Energy LLC and Stone Energy will both become wholly-owned subsidiaries of a new holding company, which will become a publicly traded entity. The combined company will be named “Talos Energy.” At closing, Talos shareholders will own 63% of the new combined company, while Stone Energy shareholders will own 37%.
Stone Energy (SGY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Stone Energy's (SGY) fourth-quarter 2017 earnings miss estimates on substantially higher salaries, general and administrative expenses, partially offset by higher oil and gas prices realizations.
On a per-share basis, the Lafayette, Louisiana-based company said it had net income of 85 cents. Earnings, adjusted for pretax gains, were 12 cents per share. The independent oil and gas company posted ...
LAFAYETTE, La. , March 12, 2018 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) ("Stone" or the "Company") today announced financial and operational results for the fourth quarter ...
When Stone Energy Corporation’s (NYSE:SGY) announced its latest earnings (30 September 2017), I wanted to understand how these figures stacked up against its past performance. The two benchmarks I usedRead More...
LAFAYETTE, La. , Jan. 30, 2018 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) ("Stone" or the "Company") today announced its estimated proved reserves, production volumes, and ...