Oil In Your Backyard - SGY
In today's Oil In Your Backyard series, let's look at Louisiana based Stone Energy Corp. (SGY). The company owns oil and gas properties in Gulf of Mexico, the Rocky Mountain Basins, and the Williston Basin. The company also exploratory joint venture in China.
Alhtough the stock price has doubled for the past year, at $62.81 with market cap of $1.79 billion, it is still pretty cheap with P/E at 7.5. The latest quarter report was bullish as net income went up 500% to $62.2 million and beat analyt's estimate.
Alhtough the stock price has doubled for the past year, at $62.81 with market cap of $1.79 billion, it is still pretty cheap with P/E at 7.5. The latest quarter report was bullish as net income went up 500% to $62.2 million and beat analyt's estimate.
posted by Stock Geek at
9:16 PM
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