Shares of Stone Energy Corp. (NYSE:SGY) rose 7.1% during mid-day trading on Thursday . The company traded as high as $10.90 and last traded at $10.43, with a volume of 704,318 shares traded. The stock had previously closed at $9.74.

SGY has been the topic of a number of research analyst reports. Howard Weil lifted their price target on Stone Energy Corp. to $17.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 30th. Zacks Investment Research raised Stone Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research note on Monday, July 11th. 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 research note on Monday, May 9th. Imperial Capital lowered Stone Energy Corp. from an “in-line” rating to an “underperform” rating in a research note on Tuesday, April 19th. Finally, Barclays PLC boosted their price objective on Stone Energy Corp. to $3.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 15th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Stone Energy Corp. has a consensus rating of “Hold” and an average target price of $6.71.

The stock’s market cap is $57.18 million. The stock’s 50 day moving average is $12.81 and its 200-day moving average is $13.45.

Stone Energy Corp. (NYSE:SGY) last released its quarterly earnings data on Tuesday, August 2nd. The company reported ($7.45) earnings per share for the quarter, missing the consensus estimate of ($6.42) by $1.03. The company earned $89.32 million during the quarter, compared to analysts’ expectations of $79.01 million. During the same period in the prior year, the firm earned ($1.69) earnings per share. Analysts forecast that Stone Energy Corp. will post ($25.28) earnings per share for the current fiscal year.

Other large investors have bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake 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 valued at $1,376,000 after buying an additional 120,448 shares during the period. Royce & Associates LLC acquired a new stake in Stone Energy Corp. during the fourth quarter valued at about $2,301,000. Finally, California Public Employees Retirement System boosted its stake 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 valued at $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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