Stone Energy (SGY) Forms $37.10 Double Top; DUNDEE PRECIOUS METALS COMMON SHARES (DPMLF) Shorts Lowered By 9.39%

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Stone Energy Corporation (SGY) formed double top with $38.58 target or 4.00% above today’s $37.10 share price. Stone Energy Corporation (SGY) has $741.95M valuation. The stock increased 5.16% or $1.82 during the last trading session, reaching $37.1. About 113,396 shares traded. Stone Energy Corporation (NYSE:SGY) has risen 69.07% since April 1, 2017 and is uptrending. It has outperformed by 57.52% the S&P500.

DUNDEE PRECIOUS METALS INC COMMON SHARES (OTCMKTS:DPMLF) had a decrease of 9.39% in short interest. DPMLF’s SI was 49,200 shares in April as released by FINRA. Its down 9.39% from 54,300 shares previously. With 59,500 avg volume, 1 days are for DUNDEE PRECIOUS METALS INC COMMON SHARES (OTCMKTS:DPMLF)’s short sellers to cover DPMLF’s short positions. The SI to DUNDEE PRECIOUS METALS INC COMMON SHARES’s float is 0.04%. The stock decreased 3.31% or $0.08 during the last trading session, reaching $2.44. About 100 shares traded. Dundee Precious Metals Inc. (OTCMKTS:DPMLF) has 0.00% since April 1, 2017 and is . It has underperformed by 11.55% the S&P500.

Among 13 analysts covering Stone Energy Corporation (NYSE:SGY), 1 have Buy rating, 5 Sell and 7 Hold. Therefore 8% are positive. Stone Energy Corporation had 29 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by KLR Group on Monday, August 31. KLR Group downgraded the stock to “Hold” rating in Wednesday, February 24 report. Imperial Capital maintained it with “In-Line” rating and $1.25 target in Wednesday, February 24 report. The firm has “Neutral” rating given on Friday, February 12 by Ladenburg Thalmann. CapitalOne upgraded the shares of SGY in report on Wednesday, March 1 to “Equal Weight” rating. Piper Jaffray downgraded the shares of SGY in report on Friday, March 11 to “Underweight” rating. The stock has “Equalweight” rating by Barclays Capital on Wednesday, June 15. The rating was maintained by Imperial Capital with “Outperform” on Wednesday, January 6. The stock has “Underweight” rating by Simmons & Co on Friday, March 11. The stock of Stone Energy Corporation (NYSE:SGY) earned “Buy” rating by National Securities on Wednesday, March 1.

Analysts await Stone Energy Corporation (NYSE:SGY) to report earnings on June, 11. SGY’s profit will be $7.80M for 23.78 P/E if the $0.39 EPS becomes a reality. After $0.12 actual EPS reported by Stone Energy Corporation for the previous quarter, Wall Street now forecasts 225.00% EPS growth.

Dundee Precious Metals Inc., a gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals. The company has market cap of $427.54 million. The company's principal operating assets include the Chelopech, which produces a copper concentrate containing gold and silver, as well as a pyrite concentrate containing gold that is located to the east of Sofia, Bulgaria; and the Tsumeb smelter, a copper concentrate processing facility located in Namibia. It has a 2440 P/E ratio. It also holds interests in various developing gold and exploration properties located in Bulgaria, Serbia, and northern Canada, including the Krumovgrad gold project.

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