Stone Energy Corp. (NYSE:SGY) was up 15.7% during mid-day trading on Thursday . The stock traded as high as $11.22 and last traded at $11.13, with a volume of 948,123 shares. The stock had previously closed at $9.62.

Several equities research analysts have recently issued reports on SGY shares. Howard Weil raised their price objective on shares of 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 target price for the company in a research report on Monday, July 11th. National Securities reaffirmed a “neutral” rating and issued a $7.00 target price on shares of Stone Energy Corp. in a research report on Wednesday, August 3rd. Barclays PLC raised their target price on Stone Energy Corp. to $3.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 15th. Finally, Imperial Capital reduced their target price on Stone Energy Corp. from $8.00 to $6.00 and set an “outperform” rating for the company in a research report on Wednesday, June 1st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $6.71.

The firm’s 50 day moving average price is $13.68 and its 200 day moving average price is $12.43. The firm’s market capitalization is $77.92 million.

Stone Energy Corp. (NYSE:SGY) last posted its earnings results on Tuesday, August 2nd. The company reported ($7.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($6.42) by $1.03. During the same quarter in the previous year, the firm earned ($1.69) earnings per share. The company earned $89.32 million during the quarter, compared to analyst estimates of $79.01 million. Equities research analysts predict that Stone Energy Corp. will post ($25.39) EPS for the current year.

An institutional investor recently raised its position in Stone Energy Corp. stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in Stone Energy Corp. (NYSE:SGY) by 118.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 489,200 shares of the company’s stock after buying an additional 264,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.88% of Stone Energy Corp. worth $2,099,000 as of its most recent filing with the SEC.

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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