Stone Energy Corp. (NYSE:SGY)’s share price rose 6.1% during trading on Friday . The company traded as high as $11.60 and last traded at $11.48, with a volume of 680,171 shares traded. The stock had previously closed at $10.82.

SGY has been the topic of a number of analyst reports. Imperial Capital decreased their price target on Stone Energy Corp. from $8.00 to $6.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 1st. National Securities reaffirmed a “neutral” rating and issued a $7.00 price target on shares of Stone Energy Corp. in a research note on Wednesday, August 3rd. Zacks Investment Research raised Stone Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $18.00 price target on the stock in a research note on Monday, July 11th. Howard Weil lifted their price objective on Stone Energy Corp. to $17.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 30th. Finally, FBR & Co lowered Stone Energy Corp. from an “outperform” rating to a “mkt perform” rating 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 two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $6.71.

The company has a 50 day moving average of $12.42 and a 200-day moving average of $11.48. The company’s market cap is $62.05 million.

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. The company earned $89.32 million during the quarter, compared to analysts’ expectations of $79.01 million. During the same period in the previous year, the company posted ($1.69) EPS. On average, analysts anticipate that Stone Energy Corp. will post ($25.39) EPS for the current fiscal year.

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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