|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||35.29 - 35.97|
|52 Week Range||16.76 - 40.16|
|PE Ratio (TTM)||1.65|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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.”
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 ...
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...
Stone Energy (SGY) believes successful drilling will pave the way for incremental production, which in turn will drive cash flow.
The four-week average US gasoline demand rose by 190,000 bpd (barrels per day) to 9,224,000 bpd on December 15–22, 2017, according to the EIA.
US crude output increased by 167,000 bpd to 9.64 MMbpd in October 2017—compared to the previous month. It was the highest level since May 1971.
According to the EIA, US crude oil refinery demand rose by 111,000 bpd (barrels per day) to 17.1 MMbpd (million barrels per day) on December 8–15, 2017.
Categories: Fundamental Analysis Yahoo FinanceClick here to see latest analysis Capitalcube gives Stone Energy Corp. a score of 46. Our analysis is based on comparing Stone Energy Corp. with the following peers – W&T Offshore, Inc., Contango Oil & Gas Company, PetroQuest Energy, Inc., EXCO Resources, Inc., Comstock Resources, Inc., Newfield Exploration Company, Cobalt International Energy, Inc., Hess Corporation, ... Read more (Read more...)
US distillate inventories rose by 1,667,000 barrels or 1.3% to 129.4 MMbbls (million barrels) on November 24–December 1, 2017.