Stone Energy Corporation (NYSE:SGY) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Separately, ValuEngine upgraded Stone Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 18th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Stone Energy Corporation presently has a consensus rating of “Hold” and a consensus price target of $12.33.

Stone Energy Corporation (NYSE:SGY) opened at 22.99 on Thursday. The company’s market cap is $459.78 million. The stock has a 50 day moving average of $21.22 and a 200-day moving average of $23.92. Stone Energy Corporation has a 52-week low of $16.50 and a 52-week high of $32.39.

Stone Energy Corporation (NYSE:SGY) last posted its quarterly earnings results on Monday, August 7th. The oil and natural gas company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.42. Stone Energy Corporation had a negative return on equity of 215.45% and a net margin of 41.74%. The business had revenue of $76.72 million for the quarter. On average, analysts forecast that Stone Energy Corporation will post $0.05 EPS for the current year.

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A number of large investors have recently bought and sold shares of the stock. ICON Advisers purchased a new position in Stone Energy Corporation during the third quarter valued at $2,911,000. Mackay Shields boosted its position in Stone Energy Corporation by 19.2% in the fourth quarter. Mackay Shields now owns 61,227,000 shares of the oil and natural gas company’s stock valued at $45,529,000 after buying an additional 9,865,000 shares during the last quarter. Prudential Financial Inc. boosted its position in Stone Energy Corporation by 7.5% in the first quarter. Prudential Financial Inc. now owns 140,488 shares of the oil and natural gas company’s stock valued at $111,000 after buying an additional 9,813 shares during the last quarter. Icon Advisers Inc. Co. boosted its position in Stone Energy Corporation by 113.7% in the first quarter. Icon Advisers Inc. Co. now owns 1,541,747 shares of the oil and natural gas company’s stock valued at $1,218,000 after buying an additional 820,300 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in Stone Energy Corporation by 43.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 268,021 shares of the oil and natural gas company’s stock valued at $1,150,000 after buying an additional 80,907 shares during the last quarter. Institutional investors and hedge funds own 89.37% of the company’s stock.

Stone Energy Corporation 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.

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