ValuEngine lowered shares of Stone Energy (NYSE:SGY) from a sell rating to a strong sell rating in a research note released on Friday.

Other analysts have also recently issued reports about the company. BidaskClub cut Stone Energy from a hold rating to a sell rating in a report on Thursday, August 17th. Zacks Investment Research cut Stone Energy from a hold rating to a sell rating in a report on Wednesday, September 20th. BMO Capital Markets reaffirmed a buy rating and set a $2.75 price objective on shares of Stone Energy in a report on Wednesday, November 15th. Scotiabank reaffirmed a hold rating and set a $2.50 price objective on shares of Stone Energy in a report on Tuesday, October 10th. Finally, National Securities cut Stone Energy from a buy rating to a neutral rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $5.08.

Shares of Stone Energy (SGY) traded up $1.20 on Friday, hitting $26.54. The stock had a trading volume of 218,127 shares, compared to its average volume of 203,147. Stone Energy has a twelve month low of $16.50 and a twelve month high of $35.83. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.20 and a current ratio of 2.20.

Stone Energy (NYSE:SGY) last issued its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.37. The business had revenue of $79.53 million for the quarter. Stone Energy had a return on equity of 590.23% and a net margin of 68.43%. During the same period last year, the company earned ($0.02) earnings per share. equities analysts forecast that Stone Energy will post -1.17 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. raised its holdings in Stone Energy 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 buying an additional 1,465 shares during the period. Susquehanna International Group LLP purchased a new stake in Stone Energy during the 3rd quarter valued at $206,000. Nationwide Fund Advisors purchased a new stake in Stone Energy during the 2nd quarter valued at $204,000. Federated Investors Inc. PA purchased a new stake in Stone Energy during the 2nd quarter valued at $207,000. Finally, New York State Common Retirement Fund purchased a new stake in Stone Energy during the 2nd quarter valued at $384,000. Institutional investors own 97.09% of the company’s stock.

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Stone Energy 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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