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

Separately, ValuEngine downgraded Stone Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, May 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $12.33.

Shares of Stone Energy Corporation (NYSE:SGY) traded down 0.414% during midday trading on Wednesday, reaching $25.265. The company’s stock had a trading volume of 39,050 shares. Stone Energy Corporation has a 12-month low of $16.50 and a 12-month high of $76.14. The company’s 50-day moving average price is $22.15 and its 200 day moving average price is $23.43. The company’s market capitalization is $505.27 million.

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

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A number of hedge funds and other institutional investors have recently modified their holdings of SGY. SG Americas Securities LLC bought a new position in shares of Stone Energy Corporation during the first quarter worth $123,000. Nationwide Fund Advisors bought a new position in shares of Stone Energy Corporation during the second quarter worth $204,000. Federated Investors Inc. PA bought a new position in shares of Stone Energy Corporation during the second quarter worth $207,000. Sei Investments Co. raised its position in shares of Stone Energy Corporation by 12.7% in the second quarter. Sei Investments Co. now owns 13,039 shares of the oil and natural gas company’s stock worth $240,000 after buying an additional 1,465 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in shares of Stone Energy Corporation during the second quarter worth $384,000. 89.37% of the stock is currently owned by hedge funds and other institutional investors.

About Stone Energy Corporation

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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