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Stock analysts at Ladenburg Thalmann increased their price target on shares of Stone Energy (NYSE:SGY) from $45.00 to $55.00 in a report issued on Tuesday, ARN reports. The firm currently has a “buy” rating on the stock. Ladenburg Thalmann’s price objective suggests a potential upside of 22.99% from the company’s current price.

Stone Energy (NYSE:SGY) opened at 44.19 on Tuesday. Stone Energy has a one year low of $17.34 and a one year high of $45.07. The stock’s 50-day moving average is $38.9 and its 200-day moving average is $34.70. The company has a market cap of $2.154 billion and a price-to-earnings ratio of 18.76.

Stone Energy (NYSE:SGY) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.01. The company had revenue of $239.25 million for the quarter, compared to the consensus estimate of $245.50 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. On average, analysts predict that Stone Energy will post $1.45 earnings per share for the current fiscal year.

SGY has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Stone Energy from an “outperform” rating to an “underperform” rating in a research note on Monday. They now have a $40.00 price target on the stock. Separately, analysts at Howard Weil raised their price target on shares of Stone Energy from $47.00 to $53.00 in a research note on Friday. They now have a “sector outperform” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Stone Energy from $35.00 to $45.00 in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $36.95.

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.

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