Stone Energy (NYSE:SGY) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Friday.

SGY has been the subject of several other research reports. Zacks Investment Research raised shares of Stone Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. BidaskClub lowered shares of Stone Energy from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. National Securities lowered shares of Stone Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday. Scotiabank reissued a “hold” rating and set a $2.50 target price on shares of Stone Energy in a research report on Tuesday, October 10th. Finally, BMO Capital Markets reissued a “buy” rating and set a $2.75 target price on shares of Stone Energy in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Stone Energy presently has an average rating of “Hold” and an average target price of $5.08.

Stone Energy (SGY) traded up $1.20 during mid-day trading on Friday, hitting $26.54. 218,127 shares of the company traded hands, compared to its average volume of 203,147. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.20 and a quick ratio of 2.20. Stone Energy has a 1-year low of $16.50 and a 1-year high of $35.83.

Stone Energy (NYSE:SGY) last released its quarterly earnings data on Wednesday, November 1st. The oil and natural gas company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.37. Stone Energy had a net margin of 68.43% and a return on equity of 590.23%. The business had revenue of $79.53 million during the quarter. During the same period in the previous year, the firm posted ($0.02) EPS. equities analysts forecast that Stone Energy will post -1.17 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in SGY. Nationwide Fund Advisors bought a new position in shares of Stone Energy during the 2nd quarter worth about $204,000. Susquehanna International Group LLP bought a new position in shares of Stone Energy during the 3rd quarter worth about $206,000. Federated Investors Inc. PA bought a new position in shares of Stone Energy during the 2nd quarter worth about $207,000. Sei Investments Co. increased its holdings in shares of Stone Energy by 12.7% during the 2nd quarter. Sei Investments Co. now owns 13,039 shares of the oil and natural gas company’s stock worth $240,000 after purchasing an additional 1,465 shares during the period. Finally, New York State Common Retirement Fund bought a new position in shares of Stone Energy during the 2nd quarter worth about $384,000. 97.09% of the stock is owned by hedge funds and other institutional investors.

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About Stone Energy

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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