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Stone Energy (NYSE: SGY) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a report issued on Monday.

The analysts wrote, “Stone Energy Corporation (SGY) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”

Shares of Stone Energy (NYSE: SGY) opened at 21.66 on Monday. Stone Energy has a 52 week low of $19.27 and a 52 week high of $30.45. The stock’s 50-day moving average is currently $21.62. The company has a market cap of $1.048 billion and a P/E ratio of 7.15.

Stone Energy (NYSE: SGY) last posted its quarterly earnings results on Monday, February 25th. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.34. The company had revenue of $254.90 million for the quarter, compared to the consensus estimate of $240.62 million. During the same quarter last year, the company posted $0.93 earnings per share. Stone Energy’s revenue was up 14.5% compared to the same quarter last year. On average, analysts predict that Stone Energy will post $2.53 earnings per share for the current fiscal year.

SGY has been the subject of a number of other recent research reports. Analysts at Barclays Capital cut their price target on shares of Stone Energy from $36.00 to $27.00 in a research note to investors on Friday, February 15th. They now have an “overweight” rating on the stock. Separately, analysts at Zacks downgraded shares of Stone Energy from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, January 14th. They now have a $19.00 price target on the stock. Finally, analysts at Tudor Pickering downgraded shares of Stone Energy from a “buy” rating to an “accumulate” rating in a research note to investors on Friday, January 11th.

One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Stone Energy currently has an average rating of “Buy” and an average target price of $28.00.

Stone Energy Corporation (NYSE: SGY) is an independent oil and natural gas company engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties located primarily in the Gulf of Mexico (GOM).

To view TheStreet’s full report, visit www.thestreetratings.com

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