Stone Energy Corporation (NYSE:SGY) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday.

Several other research analysts also recently issued reports on SGY. Zacks Investment Research upgraded shares of Stone Energy Corporation from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Wednesday, April 12th. ValuEngine upgraded shares of Stone Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Stone Energy Corporation has a consensus rating of “Hold” and a consensus price target of $12.33.

Shares of Stone Energy Corporation (SGY) traded down 3.618% during mid-day trading on Wednesday, reaching $24.375. 182,371 shares of the company’s stock were exchanged. Stone Energy Corporation has a one year low of $16.50 and a one year high of $87.50. The company has a 50 day moving average price of $20.60 and a 200-day moving average price of $24.72. The stock’s market cap is $487.48 million.

Stone Energy Corporation (NYSE:SGY) last issued its earnings results on Monday, August 7th. The oil and natural gas company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.42. The firm had revenue of $76.72 million for the quarter. Stone Energy Corporation had a net margin of 41.74% and a negative return on equity of 215.45%. On average, analysts predict that Stone Energy Corporation will post $0.05 EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Mackay Shields LLC purchased a new position in shares of Stone Energy Corporation during the first quarter valued at about $86,239,000. Sei Investments Co. bought a new position in shares of Stone Energy Corporation during the first quarter worth $253,000. Ameriprise Financial Inc. bought a new position in shares of Stone Energy Corporation during the first quarter worth $4,261,000. SG Americas Securities LLC bought a new position in shares of Stone Energy Corporation during the first quarter worth $123,000. Finally, Snow Capital Management LP bought a new position in shares of Stone Energy Corporation during the first quarter worth $798,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Stone Energy Corporation Company Profile

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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