Stone Energy Corp. (NYSE:SGY) shares were up 6.7% on Monday . The stock traded as high as $16.82 and last traded at $16.46, with a volume of 1,127,470 shares traded. The stock had previously closed at $15.43.

Several research analysts recently weighed in on SGY shares. Imperial Capital lowered their price objective on Stone Energy Corp. from $8.00 to $6.00 and set an “outperform” rating for the company in a research report on Wednesday, June 1st. Zacks Investment Research upgraded Stone Energy Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. National Securities lowered their price target on Stone Energy Corp. from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Monday, May 9th. Howard Weil raised their price target on Stone Energy Corp. to $17.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 30th. Finally, Johnson Rice lowered Stone Energy Corp. from a “buy” rating to a “hold” rating in a research report on Monday, April 18th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Stone Energy Corp. presently has an average rating of “Hold” and a consensus price target of $6.29.

The firm’s market cap is $98.75 million. The firm’s 50 day moving average price is $7.36 and its 200-day moving average price is $15.93.

Stone Energy Corp. (NYSE:SGY) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.76) by $0.03. The firm earned $80.68 million during the quarter, compared to analyst estimates of $72.52 million. During the same period last year, the firm posted ($0.23) EPS. The firm’s revenue was down 47.4% on a year-over-year basis. On average, equities analysts predict that Stone Energy Corp. will post ($25.74) EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in Stone Energy Corp. by 60.1% in the fourth quarter. BNP Paribas Arbitrage SA now owns 320,859 shares of the company’s stock worth $1,376,000 after buying an additional 120,448 shares during the last quarter. Royce & Associates LLC purchased a new stake in Stone Energy Corp. during the fourth quarter worth approximately $2,301,000. Finally, California Public Employees Retirement System increased its stake in Stone Energy Corp. by 7.3% in the fourth quarter. California Public Employees Retirement System now owns 1,153,287 shares of the company’s stock worth $4,948,000 after buying an additional 78,100 shares during the last quarter.

Stone Energy Corporation is an independent oil and natural gas company. The Company is engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties. The Company operates in the Gulf of Mexico (GOM) basin. It has leveraged its operations in the GOM conventional shelf and has its reserve base in the prolific basins of the GOM deep water, Gulf Coast deep gas, and the Marcellus and Utica shales in Appalachia.

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