Shares of Stone Energy Corporation (NYSE:SGY) have received an average rating of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $6.25.

Several equities analysts have recently commented on SGY shares. BidaskClub raised shares of Stone Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Scotiabank reaffirmed a “hold” rating and set a $2.50 price objective on shares of Stone Energy Corporation in a research note on Tuesday, October 10th. Finally, Zacks Investment Research downgraded shares of Stone Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th.

Shares of Stone Energy Corporation (SGY) opened at 26.94 on Monday. Stone Energy Corporation has a one year low of $16.50 and a one year high of $32.39. The firm’s 50-day moving average price is $28.13 and its 200-day moving average price is $23.33. The firm’s market capitalization is $538.77 million.

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

Several hedge funds and other institutional investors have recently made changes to their positions in SGY. Sei Investments Co. purchased a new position in shares of Stone Energy Corporation during the first quarter valued at about $253,000. Ameriprise Financial Inc. purchased a new position in shares of Stone Energy Corporation during the first quarter valued at about $4,261,000. SG Americas Securities LLC purchased a new position in shares of Stone Energy Corporation during the first quarter valued at about $123,000. Credit Suisse AG increased its position in shares of Stone Energy Corporation by 890.1% during the first quarter. Credit Suisse AG now owns 533,774 shares of the oil and natural gas company’s stock valued at $11,658,000 after buying an additional 479,864 shares during the period. Finally, Spark Investment Management LLC purchased a new position in shares of Stone Energy Corporation during the second quarter valued at about $398,000. Institutional investors own 96.28% of the company’s stock.

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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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