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Stone Energy (NYSE:SGY) has received an average rating of “Buy” from the thirteen analysts that are currently covering the stock, Stock Ratings Network reports. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $51.13.

Stone Energy (NYSE:SGY) opened at 34.75 on Tuesday. Stone Energy has a 1-year low of $27.41 and a 1-year high of $50.00. The stock’s 50-day moving average is $36.98 and its 200-day moving average is $40.61. The company has a market cap of $1.906 billion and a P/E ratio of 26.32.

Stone Energy (NYSE:SGY) last issued its quarterly earnings data 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. On average, analysts predict that Stone Energy will post $0.82 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at KLR Group upgraded shares of Stone Energy from an “accumulate” rating to a “buy” rating in a research note on Friday, August 8th. Separately, 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, August 6th. They now have a “buy” rating on the stock. Finally, 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.

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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