Stone Energy Corp. (NYSE:SGY)’s share price traded up 2.9% during mid-day trading on Wednesday . The company traded as high as $11.15 and last traded at $10.88, with a volume of 175,188 shares. The stock had previously closed at $10.57.

A number of equities analysts have recently issued reports on the stock. FBR & Co lowered shares of Stone Energy Corp. from an “outperform” rating to a “mkt perform” rating in a research report on Wednesday, June 1st. Imperial Capital lowered their price objective on shares of Stone Energy Corp. from $8.00 to $6.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 1st. Zacks Investment Research lowered shares of Stone Energy Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Barclays PLC lifted their price objective on shares of Stone Energy Corp. to $3.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 15th. Finally, National Securities reiterated a “neutral” rating and issued a $7.00 price objective on shares of Stone Energy Corp. in a research report on Wednesday, August 3rd. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $6.71.

The stock’s market capitalization is $61.83 million. The stock has a 50-day moving average of $11.13 and a 200-day moving average of $10.70.

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Stone Energy Corp. (NYSE:SGY) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported ($7.45) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($6.42) by $1.03. The firm had revenue of $89.32 million for the quarter, compared to analyst estimates of $79.01 million. Stone Energy Corp. had a negative net margin of 241.14% and a negative return on equity of 39.01%. During the same period in the prior year, the company posted ($1.69) earnings per share. On average, analysts forecast that Stone Energy Corp. will post ($0.06) earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Societe Generale bought a new position in shares of Stone Energy Corp. during the second quarter worth approximately $128,000. Renaissance Technologies LLC bought a new position in shares of Stone Energy Corp. during the first quarter worth approximately $188,000. Squarepoint Ops LLC increased its position in shares of Stone Energy Corp. by 380.3% in the first quarter. Squarepoint Ops LLC now owns 252,152 shares of the company’s stock worth $200,000 after buying an additional 199,652 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Stone Energy Corp. by 0.8% in the first quarter. Geode Capital Management LLC now owns 343,674 shares of the company’s stock worth $271,000 after buying an additional 2,896 shares during the last quarter. Finally, Spark Investment Management LLC bought a new position in shares of Stone Energy Corp. during the first quarter worth approximately $300,000. Hedge funds and other institutional investors own 35.90% of the company’s stock.

Stone Energy Corp. Company Profile

Stone Energy Corporation is an independent oil and natural gas company. The Company is engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties. The Company operates in the Gulf of Mexico (GOM) basin. It has leveraged its operations in the GOM conventional shelf and has its reserve base in the prolific basins of the GOM deep water, Gulf Coast deep gas, and the Marcellus and Utica shales in Appalachia.

5 Day Chart for NYSE:SGY

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