Stone Energy Corp. (NYSE:SGY) shares traded up 2.7% on Thursday . The company traded as high as $10.57 and last traded at $10.24, with a volume of 520,892 shares changing hands. The stock had previously closed at $9.97.

A number of research analysts recently weighed in on the company. FBR & Co cut Stone Energy Corp. from an “outperform” rating to a “mkt perform” rating in a report on Wednesday, June 1st. Imperial Capital reduced their target price on Stone Energy Corp. from $8.00 to $6.00 and set an “outperform” rating on the stock in a report on Wednesday, June 1st. Zacks Investment Research cut Stone Energy Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Johnson Rice cut Stone Energy Corp. from a “buy” rating to a “hold” rating in a report on Monday, April 18th. Finally, Barclays PLC lifted their target price on Stone Energy Corp. to $3.00 and gave the company an “equal weight” rating in a report on Wednesday, June 15th. Four investment 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 an average rating of “Hold” and an average price target of $6.71.

The stock has a 50 day moving average price of $13.46 and a 200 day moving average price of $12.98. The firm’s market cap is $54.95 million.

Stone Energy Corp. (NYSE:SGY) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported ($7.45) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($6.42) by $1.03. The firm had revenue of $89.32 million for the quarter, compared to analyst estimates of $79.01 million. During the same quarter in the previous year, the business earned ($1.69) earnings per share. On average, equities research analysts predict that Stone Energy Corp. will post ($25.94) EPS for the current year.

Several institutional investors 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 bought a new position in Stone Energy Corp. during the fourth quarter worth $2,301,000. Finally, BNP Paribas Arbitrage SA boosted 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 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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