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

Several research analysts have commented on the stock. Barclays PLC lifted their price target on shares of Stone Energy Corp. to $3.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 15th. Imperial Capital cut shares of Stone Energy Corp. from an “in-line” rating to an “underperform” rating in a report on Tuesday, April 19th. FBR & Co cut shares of Stone Energy Corp. from an “outperform” rating to a “mkt perform” rating in a report on Wednesday, June 1st. Zacks Investment Research upgraded shares of Stone Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a report on Monday, July 11th. Finally, Johnson Rice cut shares of Stone Energy Corp. from a “buy” rating to a “hold” rating in a report on Monday, April 18th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $6.29.

The company’s market cap is $68.06 million. The firm’s 50 day moving average is $11.95 and its 200-day moving average is $14.10.

Stone Energy Corp. (NYSE:SGY) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.76) by $0.03. During the same quarter in the previous year, the business earned ($0.23) earnings per share. The business earned $80.68 million during the quarter, compared to the consensus estimate of $72.52 million. Stone Energy Corp.’s revenue for the quarter was down 47.4% compared to the same quarter last year. On average, equities analysts expect that Stone Energy Corp. will post ($25.42) EPS for the current year.

Several hedge funds have made changes to their positions in SGY. BNP Paribas Arbitrage SA raised its stake 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 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 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.

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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