Last $41.73 USD
Change Today -1.07 / -2.50%
Volume 692.2K
SGY On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

stone energy corp (SGY) Snapshot

Open
$42.73
Previous Close
$42.80
Day High
$43.07
Day Low
$41.64
52 Week High
04/29/14 - $50.00
52 Week Low
07/16/13 - $23.61
Market Cap
2.3B
Average Volume 10 Days
723.8K
EPS TTM
$2.77
Shares Outstanding
56.2M
EX-Date
--
P/E TM
15.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for STONE ENERGY CORP (SGY)

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stone energy corp (SGY) Details

Stone Energy Corporation, an independent oil and natural gas company, acquires, explores, exploits, develops, and operates oil and gas properties in the Gulf of Mexico and the Appalachia region. As of December 31, 2013, it had estimated proved oil and natural gas reserves of approximately 864 billion cubic feet of gas equivalent. The company was founded in 1993 and is headquartered in Lafayette, Louisiana with additional offices in New Orleans, Louisiana; Houston, Texas; and Morgantown, West Virginia.

409 Employees
Last Reported Date: 02/27/14
Founded in 1993

stone energy corp (SGY) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $844.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $484.5K
Senior Vice President of Appalachia
Total Annual Compensation: $364.8K
Vice President of Deepwater
Total Annual Compensation: $317.7K
Compensation as of Fiscal Year 2013.

stone energy corp (SGY) Key Developments

Stone Energy Corp. and Stone Energy Offshore, L.L.C. Announce Fourth Amended and Restated Credit Agreement

On June 24, 2014, Stone Energy Corporation as Borrower, and Stone Energy Offshore, L.L.C. as Guarantor, entered into a Fourth Amended and Restated Credit Agreement (the bank credit facility) through a syndicate of banks led by Bank of America, N.A. The bank credit facility matures on July 1, 2019. Stone's initial borrowing base under the bank credit facility has been set at $500 million, an increase from the previous borrowing base of $400 million. Interest on loans under the bank credit facility is calculated using the London Interbank Offering Rate (Libor Rate) or the base rate, at the election of Stone. The margin for loans at the LIBOR Rate is determined based on borrowing base utilization and ranges from 1.500% to 2.500%. As of June 24, 2014, Stone had no outstanding borrowings under the bank credit facility and $21.0 million in letters of credit had been issued pursuant to the bank credit facility, leaving $479.0 of availability under the bank credit facility. Subject to certain exceptions, the bank credit facility is required to be guaranteed by all of the material domestic direct and indirect subsidiaries of Stone. As of June 24, 2014, the bank credit facility is guaranteed by Stone Offshore. The borrowing base under the bank credit facility is redetermined semi-annually, in May and November, by the lenders, taking into consideration the estimated loan value of oil and gas properties and those of subsidiaries that guarantee the bank credit facility in accordance with the lenders' customary practices for oil and gas loans. In addition, Stone and the lenders each have discretion at any time, but not more than two additional times in any calendar year, to have the borrowing base redetermined. The bank credit facility is collateralized by substantially all of Stone's and Stone Offshore's assets. Stone and Stone Offshore are required to mortgage, and grant a security interest in, their oil and gas reserves representing at least 80% of the discounted present value of the future net cash flows from their proved oil and natural gas reserves reviewed in determining the borrowing base.

Stone Energy Corp. Presents at 2014 Louisiana Energy Conference, Jun-11-2014 09:00 AM

Stone Energy Corp. Presents at 2014 Louisiana Energy Conference, Jun-11-2014 09:00 AM. Venue: Westin Canal Place Hotel, 100 Iberville Street, New Orleans, Louisiana, United States. Speakers: Kenneth H. Beer, Chief Financial Officer and Executive Vice President.

Stone Energy Corp. Announces Executive Changes

Stone Energy Corp. announced that on May 21, 2014, Mr. J. Kent Pierret notified the company of his intention to resign from his position as Stone's Senior Vice President, Chief Accounting Officer and Treasurer, effective May 22, 2014. Mr. Pierret will remain as an employee of Stone to assist in the transition of his duties. Effective May 22, 2014, Mr. Pierret's responsibilities will be assumed by Mr. Kenneth H. Beer, Executive Vice President and Chief Financial Officer of Stone. Mr. Beer served as Stone's Senior Vice President and Chief Financial Officer from August 2005 until his appointment as Executive Vice President and Chief Financial Officer in January 2011.

 

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Industry Analysis

SGY

Industry Average

Valuation SGY Industry Range
Price/Earnings 20.3x
Price/Sales 2.1x
Price/Book 2.1x
Price/Cash Flow 5.0x
TEV/Sales 1.1x
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