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

Several research analysts have issued reports on the company. Barclays PLC increased their price target on Stone Energy Corp. to $3.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 15th. Zacks Investment Research upgraded Stone Energy Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 5th. FBR & Co lowered Stone Energy Corp. from an “outperform” rating to a “mkt perform” rating in a report on Wednesday, June 1st. Imperial Capital downgraded Stone Energy Corp. from an “in-line” rating to an “underperform” rating in a research note on Tuesday, April 19th. Finally, Johnson Rice downgraded Stone Energy Corp. from a “buy” rating to a “hold” rating in a research note on Monday, April 18th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.29.

The stock has a 50 day moving average price of $10.82 and a 200-day moving average price of $15.00. The stock’s market capitalization is $92.08 million.

Stone Energy Corp. (NYSE:SGY) last posted its 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. The business earned $80.68 million during the quarter, compared to analysts’ expectations of $72.52 million. During the same quarter last year, the business earned ($0.23) EPS. The business’s revenue for the quarter was down 47.4% on a year-over-year basis. On average, analysts predict that Stone Energy Corp. will post ($25.44) EPS for the current fiscal year.

Several hedge funds and institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System increased 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 period. Royce & Associates LLC purchased a new position in Stone Energy Corp. during the fourth quarter worth $2,301,000. Finally, BNP Paribas Arbitrage SA increased 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.