Why Stone Energy (SGY) Is Down Today

NEW YORK (TheStreet) -- Stone Energy  (SGY) was falling 5.05% to $34.78 on Tuesday afternoon after the company reported fourth-quarter earnings that came up short of analysts' estimates.

The company reported earnings per share of 56 cents, which was short of the Zacks consensus estimate of 61 cents and marker a 37.1% year-over-year decline from 89 cents. The company cited lower price realizations as the reason for the weak performance. Total operating revenue declined 6.1% year over year to $239.3 million from $254.9 million and came up short of the consensus estimate of $245 million.

For the full year, Stone Energy earned $2.88 a share, down from $3.03 one year earlier. This also missed the consensus estimate of $2.94. Revenue for the year totaled $974.2 million, a 2.4% increase from $951.5 million one year ago.

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TheStreet Ratings team rates STONE ENERGY CORP as a "buy" with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate STONE ENERGY CORP (SGY) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

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