BMO Capital Markets reaffirmed their buy rating on shares of Stone Energy Corporation (NYSE:SGY) in a research note issued to investors on Wednesday. They currently have a $2.75 price objective on the oil and natural gas company’s stock.

Other equities analysts have also issued research reports about the company. BidaskClub raised Stone Energy Corporation from a sell rating to a hold rating in a research report on Wednesday, August 23rd. Scotiabank reissued a hold rating and issued a $2.50 target price on shares of Stone Energy Corporation in a research report on Tuesday, October 10th. Zacks Investment Research raised Stone Energy Corporation from a sell rating to a hold rating in a research report on Tuesday, November 7th. Finally, ValuEngine raised Stone Energy Corporation from a strong sell rating to a sell rating in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $5.08.

Stone Energy Corporation (SGY) opened at $34.34 on Wednesday. Stone Energy Corporation has a 52-week low of $14.76 and a 52-week high of $49.96. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.81.

Stone Energy Corporation (NYSE:SGY) last issued its earnings results on Wednesday, November 1st. The oil and natural gas company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.37. Stone Energy Corporation had a return on equity of 590.23% and a net margin of 68.43%. The business had revenue of $79.53 million during the quarter. During the same period last year, the firm posted ($0.02) EPS. research analysts anticipate that Stone Energy Corporation will post -1.45 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in shares of Stone Energy Corporation by 12.7% during the 2nd quarter. Sei Investments Co. now owns 13,039 shares of the oil and natural gas company’s stock valued at $240,000 after purchasing an additional 1,465 shares during the last quarter. Nationwide Fund Advisors purchased a new stake in shares of Stone Energy Corporation during the 2nd quarter valued at about $204,000. Federated Investors Inc. PA purchased a new stake in shares of Stone Energy Corporation during the 2nd quarter valued at about $207,000. New York State Common Retirement Fund purchased a new stake in shares of Stone Energy Corporation during the 2nd quarter valued at about $384,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in shares of Stone Energy Corporation during the 2nd quarter valued at about $386,000. 95.40% of the stock is 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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