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Shares of Stone Energy Fall to a New 52-Week Low

By Nick Russo

Stone Energy (NYSE:SGY) traded at a new 52-week low today of $0.44. So far today approximately 2.7 million shares have been exchanged, as compared to an average 30-day volume of 5.5 million shares.

Stone Energy share prices have moved between a 52-week high of $17.49 and the current low of $0.44 and are currently at $0.45 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 5.4% while the 200-day MA has slid 4%.

Stone Energy Corporation is an independent oil and gas company. The Company acquires, explores, develops, and operates oil and gas properties onshore and offshore in the Gulf Coast Basin.

Potential upside of 1,836.9% exists for Stone Energy, based on a current level of $0.45 and analysts' average consensus price target of $8.62. The stock should find initial resistance at its 50-day moving average (MA) of $1.31 and further resistance at its 200-day MA of $4.14.

SmarTrend is monitoring the recent change of momentum in Stone Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Stone Energy in search of a potential trend change.

Keywords: 52 week high/lows stone energy

Ticker(s): SGY