Stone Energy Corp. (NYSE:SGY)’s share price shot up 9.3% during trading on Thursday . The stock traded as high as $11.79 and last traded at $11.59, with a volume of 1,080,190 shares. The stock had previously closed at $10.60.

Several research firms recently commented on SGY. FBR & Co cut Stone Energy Corp. from an “outperform” rating to a “mkt perform” rating in a research 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 for the company in a research report on Wednesday, June 1st. Zacks Investment Research cut Stone Energy Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Barclays PLC boosted 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, National Securities reduced their target price on Stone Energy Corp. from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Monday, May 9th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Stone Energy Corp. has an average rating of “Hold” and an average price target of $6.71.

The firm’s market capitalization is $61.99 million. The company’s 50-day moving average price is $13.37 and its 200-day moving average price is $11.86.

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

An institutional investor recently raised its position in Stone Energy Corp. stock. Schwab Charles Investment Management Inc. raised its position in Stone Energy Corp. (NYSE:SGY) by 24.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 435,705 shares of the company’s stock after buying an additional 85,789 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.79% of Stone Energy Corp. worth $1,870,000 at the end of the most recent 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.