Shares of Stone Energy Corp. (NYSE:SGY) were up 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 changing hands. The stock had previously closed at $9.74.

A number of analysts recently issued reports on SGY shares. National Securities lowered their target price on Stone Energy Corp. from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Monday, May 9th. Zacks Investment Research raised Stone Energy Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Howard Weil boosted their price target on Stone Energy Corp. to $17.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 30th. Johnson Rice downgraded Stone Energy Corp. from a “buy” rating to a “hold” rating in a research report on Monday, April 18th. Finally, Imperial Capital lowered their price target on Stone Energy Corp. from $8.00 to $6.00 and set an “outperform” rating on the stock in a research 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 company. Stone Energy Corp. presently has a consensus rating of “Hold” and a consensus target price of $6.71.

The company’s market capitalization is $55.96 million. The stock’s 50 day moving average is $13.09 and its 200 day moving average is $13.41.

Stone Energy Corp. (NYSE:SGY) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($7.45) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($6.42) by $1.03. During the same quarter last year, the firm posted ($1.69) earnings per share. The company had revenue of $89.32 million for the quarter, compared to analyst estimates of $79.01 million. On average, equities analysts predict that Stone Energy Corp. will post ($25.80) EPS for the current year.

Other large investors have recently bought and sold shares of the company. California Public Employees Retirement System raised 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. BNP Paribas Arbitrage SA raised 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. Finally, Royce & Associates LLC purchased a new stake in Stone Energy Corp. during the fourth quarter valued at approximately $2,301,000.

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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