Shares of Stone Energy Corp. (NYSE:SGY) shot up 14.5% on Tuesday . The company traded as high as $14.74 and last traded at $13.68, with a volume of 2,389,455 shares trading hands. The stock had previously closed at $11.95.

A number of research firms recently weighed in on SGY. Zacks Investment Research downgraded Stone Energy Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Howard Weil lifted their price target on Stone Energy Corp. to $17.00 and gave the company a “sector perform” rating in a research note on Thursday, June 30th. Barclays PLC lifted their price target on Stone Energy Corp. to $3.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 15th. Johnson Rice downgraded Stone Energy Corp. from a “buy” rating to a “hold” rating in a research note on Monday, April 18th. Finally, Imperial Capital downgraded Stone Energy Corp. from an “in-line” rating to an “underperform” rating in a research note on Tuesday, April 19th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $6.29.

The company’s 50-day moving average is $11.53 and its 200-day moving average is $14.26. The firm’s market capitalization is $75.32 million.

Stone Energy Corp. (NYSE:SGY) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.76) by $0.03. The firm had revenue of $80.68 million for the quarter, compared to analysts’ expectations of $72.52 million. During the same period in the prior year, the firm earned ($0.23) earnings per share. The business’s revenue was down 47.4% on a year-over-year basis. Equities research analysts predict that Stone Energy Corp. will post ($24.80) EPS for the current fiscal year.

Other institutional investors have recently 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 in the last quarter. Royce & Associates LLC purchased 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 in 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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