Stone Energy Corp. (NYSE:SGY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $16.13, but opened at $17.70. Stone Energy Corp. shares last traded at $22.63, with a volume of 2,342,507 shares.

Several research analysts have issued reports on the stock. Zacks Investment Research raised shares of Stone Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a report on Monday. Howard Weil lifted their target price on shares of Stone Energy Corp. to $17.00 and gave the stock a “sector perform” rating in a report on Thursday, June 30th. Barclays PLC lifted their target price on shares of Stone Energy Corp. to $3.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 15th. Imperial Capital decreased their target price on shares of Stone Energy Corp. from $8.00 to $6.00 and set an “outperform” rating for the company in a report on Wednesday, June 1st. Finally, FBR & Co cut shares of Stone Energy Corp. from an “outperform” rating to a “mkt perform” rating in a report on Wednesday, June 1st. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $6.29.

The firm has a 50-day moving average price of $8.34 and a 200-day moving average price of $15.49. The stock’s market capitalization is $126.64 million.

Stone Energy Corp. (NYSE:SGY) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.76) by $0.03. During the same quarter in the prior year, the company earned ($0.23) EPS. The firm had revenue of $80.68 million for the quarter, compared to analyst estimates of $72.52 million. The business’s quarterly revenue was down 47.4% on a year-over-year basis. Equities research analysts anticipate that Stone Energy Corp. will post ($25.74) EPS for the current year.

Other institutional investors recently made changes to their positions in the company. California Public Employees Retirement System raised its position in shares of 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 valued at $4,948,000 after buying an additional 78,100 shares during the last quarter. Royce & Associates LLC bought a new position in shares of Stone Energy Corp. during the fourth quarter valued at approximately $2,301,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Stone Energy Corp. by 60.1% in the fourth quarter. BNP Paribas Arbitrage SA now owns 320,859 shares of the company’s stock valued at $1,376,000 after buying an additional 120,448 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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