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Analysts at Global Hunter Securities increased their price objective on shares of Stone Energy (NYSE:SGY) from $47.00 to $52.00 in a research report issued to clients and investors on Tuesday. Global Hunter Securities’ price target suggests a potential upside of 12.12% from the company’s current price.

Shares of Stone Energy (NYSE:SGY) traded down 0.88% during mid-day trading on Tuesday, hitting $46.38. 1,115,355 shares of the company’s stock traded hands. Stone Energy has a 52-week low of $22.52 and a 52-week high of $50.00. The stock’s 50-day moving average is $44.18 and its 200-day moving average is $39.09. The company has a market cap of $2.276 billion and a P/E ratio of 22.78.

Stone Energy (NYSE:SGY) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.13. 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 previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Analysts expect that Stone Energy will post $1.47 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Brean Capital initiated coverage on shares of Stone Energy in a research note on Thursday, May 29th. They set a “buy” rating and a $56.00 price target on the stock. Separately, analysts at Capital One Financial Corp. raised their price target on shares of Stone Energy from $1.00 to $50.00 in a research note on Thursday, May 22nd. Finally, analysts at ING Group upgraded shares of Stone Energy from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.40.

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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