Stone Energy News

Research analysts at Rodman & Renshaw boosted their price target on shares of Stone Energy to $37.00 in a report issued on Tuesday.

Stone Energy Corporation today announced 2011 year-end estimated reserves, 2012 capital expenditure budget, and 2012 guidance ranges.

Stone also provided an operational update. Highlights included: increased to 100 million Boe or 602 Bcfe, representing an annual increase of 27% and a production replacement of 264%; Production guidance for 2012 is in a range of 240-275 MMcfe per day, representing an annual increase of 12%-29% compared to estimated production for 2011 of ... (more)

Stone Energy was upgraded by Zacks Investment Research from a "neutral" rating to an "outperform" rating in a report issued on Friday.

Surge Energy Inc. says its production rate at the end of 2011 was higher than the oil and gas company's guidance and output is expected to continue to grow substantially this year.