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Shares of Stone Energy (NYSE:SGY) have been given a consensus recommendation of “Buy” by the thirteen brokerages that are currently covering the stock, Analyst Ratings reports. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $51.10.

Stone Energy (NYSE:SGY) opened at 39.66 on Tuesday. Stone Energy has a 1-year low of $23.94 and a 1-year high of $50.00. The stock’s 50-day moving average is $43.76 and its 200-day moving average is $39.9. The company has a market cap of $1.946 billion and a P/E ratio of 19.96.

Stone Energy (NYSE:SGY) last announced its earnings results on Monday, May 5th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters 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 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. Analysts expect that Stone Energy will post $1.42 EPS for the current fiscal year.

SGY has been the subject of a number of recent research reports. Analysts at Brean Capital raised their price target on shares of Stone Energy from $56.00 to $57.00 in a research note on Monday, July 21st. Separately, analysts at Zacks upgraded shares of Stone Energy from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 10th. They now have a $46.00 price target on the stock. Finally, analysts at Global Hunter Securities raised their price target on shares of Stone Energy from $47.00 to $52.00 in a research note on Tuesday, July 1st.

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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