Stone Energy Corp. (NYSE:SGY) shares were up 0.4% during trading on Tuesday . The company traded as high as $20.85 and last traded at $19.77, with a volume of 884,788 shares changing hands. The stock had previously closed at $19.70.

A number of research analysts have recently commented on SGY shares. Zacks Investment Research raised Stone Energy Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 5th. Johnson Rice lowered Stone Energy Corp. from a “buy” rating to a “hold” rating in a report on Monday, April 18th. Imperial Capital lowered Stone Energy Corp. from an “in-line” rating to an “underperform” rating in a report on Tuesday, April 19th. National Securities lowered their price objective on Stone Energy Corp. from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Monday, May 9th. Finally, FBR & Co lowered Stone Energy Corp. from an “outperform” rating to a “mkt perform” rating in a report on Wednesday, June 1st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Stone Energy Corp. presently has an average rating of “Hold” and a consensus target price of $6.29.

The company’s market capitalization is $110.46 million. The company has a 50-day moving average of $10.19 and a 200-day moving average of $14.95.

Stone Energy Corp. (NYSE:SGY) last released its earnings results on Wednesday, May 4th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.76) by $0.03. The company earned $80.68 million during the quarter, compared to analyst estimates of $72.52 million. The business’s revenue was down 47.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.23) earnings per share. Analysts forecast that Stone Energy Corp. will post ($25.44) earnings per share for the current fiscal year.

Other institutional investors have made changes to their positions in the company. BNP Paribas Arbitrage SA increased 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 worth $1,376,000 after buying an additional 120,448 shares during the period. Royce & Associates LLC acquired a new position in shares of Stone Energy Corp. during the fourth quarter worth $2,301,000. Finally, California Public Employees Retirement System increased 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 worth $4,948,000 after buying an additional 78,100 shares during the period.

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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