Share on StockTwits

Stone Energy (NYSE:SGY) was upgraded by analysts at KLR Group from an “accumulate” rating to a “buy” rating in a research report issued to clients and investors on Friday, reports.

Stone Energy (NYSE:SGY) traded up 4.06% on Friday, hitting $35.41. The stock had a trading volume of 1,326,877 shares. Stone Energy has a 52 week low of $27.12 and a 52 week high of $50.00. The stock’s 50-day moving average is $41.77 and its 200-day moving average is $40.29. The company has a market cap of $1.967 billion and a price-to-earnings ratio of 25.78.

Stone Energy (NYSE:SGY) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.39 by $0.31. The company had revenue of $204.96 million for the quarter, compared to the consensus estimate of $221.53 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was down 15.8% on a year-over-year basis. Analysts expect that Stone Energy will post $1.38 EPS for the current fiscal year.

A number of other firms have also recently commented on SGY. Analysts at Brean Capital cut their price target on shares of Stone Energy from $57.00 to $52.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Paradigm Capital downgraded shares of Stone Energy from a “buy” rating to a “hold” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Stone Energy presently has a consensus rating of “Buy” and an average target price of $50.56.

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.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.