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

A number of equities research analysts have commented on SGY shares. Barclays PLC increased their price objective on shares of Stone Energy Corp. to $3.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 15th. Johnson Rice downgraded shares of Stone Energy Corp. from a “buy” rating to a “hold” rating in a research report on Monday, April 18th. Zacks Investment Research raised shares of Stone Energy Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 5th. FBR & Co downgraded shares of Stone Energy Corp. from an “outperform” rating to a “mkt perform” rating in a research report on Wednesday, June 1st. Finally, National Securities dropped their price objective on shares of Stone Energy Corp. from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Monday, May 9th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $6.29.

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

Stone Energy Corp. (NYSE:SGY) last posted its earnings results 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 had revenue of $80.68 million for the quarter, compared to analyst estimates of $72.52 million. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. The company’s quarterly revenue was down 47.4% on a year-over-year basis. On average, analysts anticipate that Stone Energy Corp. will post ($25.74) earnings per share for the current fiscal year.

Several hedge funds and institutional investors have recently bought and sold shares of SGY. BNP Paribas Arbitrage SA boosted its position 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 position in Stone Energy Corp. during the fourth quarter worth approximately $2,301,000. Finally, California Public Employees Retirement System boosted its position 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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