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Stone Energy (NYSE:SGY) posted its quarterly earnings results on Monday. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.13, Stock Ratings reports. The company had revenue of $223.80 million for the quarter, compared to the consensus estimate of $218.26 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis.

Stone Energy (NYSE:SGY) traded down 0.16% during mid-day trading on Monday, hitting $48.56. The stock had a trading volume of 769,712 shares. Stone Energy has a one year low of $20.11 and a one year high of $50.00. The stock’s 50-day moving average is $43.04 and its 200-day moving average is $35.93. The company has a market cap of $2.366 billion and a P/E ratio of 20.65.

Several analysts have recently commented on the stock. Analysts at Johnson Rice upgraded shares of Stone Energy from an “overweight” rating to a “focus list” rating in a research note on Tuesday, April 29th. On a related note, analysts at MLV & Co
raised their price target on shares of Stone Energy from $48.00 to $53.00 in a research note on Tuesday, April 29th. They now have a “buy” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Stone Energy from $35.00 to $45.00 in a research note on Wednesday, April 23rd. They now have an “equal weight” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $46.38.

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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