Stone Energy Corporation (SGY) Drops 34.98% on October 21

Equities Staff  |

Stone Energy Corporation (SGY) was one of the Russell 2000's biggest losers for Friday October 21 as the stock slid 34.98% to $6.30, a loss of $-3.39 per share. Starting at an opening price of $5.05 a share, the stock traded between $4.81 and $7.45 over the course of the trading day. Volume was 4.25 million shares over 14,391 trades, against an average daily volume of 1.46 million shares and a total float of 5.69 million.

The losses send Stone Energy Corporation down to a market cap of $35.85 million. In the last year, Stone Energy Corporation has traded between $78.00 and $2.70, and its 50-day SMA is currently $11.19 and 200-day SMA is $13.40.

Stone Energy Corp is an independent oil and natural gas company engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties.

Stone Energy Corporation is based out of Lafayette, LA and has some 310 employees. Its CEO is David H. Welch.

For a complete fundamental analysis analysis of Stone Energy Corporation, check out’s Stock Valuation Analysis report for SGY. To see the latest independent stock recommendations from’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:



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