Stone Energy Corporation (NYSE:SGY) has received a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $2.63.

A number of equities analysts recently commented on the company. BidaskClub downgraded Stone Energy from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research downgraded Stone Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. ValuEngine downgraded Stone Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Scotiabank reiterated a “hold” rating and issued a $2.50 price target on shares of Stone Energy in a research note on Tuesday, October 10th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $2.75 price target on shares of Stone Energy in a research note on Wednesday, November 15th.

Shares of Stone Energy (SGY) opened at $25.24 on Tuesday. Stone Energy has a 52 week low of $16.50 and a 52 week high of $49.96. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.20 and a current ratio of 2.20.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sei Investments Co. lifted its holdings in Stone Energy by 12.7% in the second quarter. Sei Investments Co. now owns 13,039 shares of the oil and natural gas company’s stock worth $240,000 after acquiring an additional 1,465 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of Stone Energy during the third quarter valued at approximately $206,000. Nationwide Fund Advisors bought a new stake in shares of Stone Energy during the second quarter valued at approximately $204,000. Federated Investors Inc. PA bought a new stake in shares of Stone Energy during the second quarter valued at approximately $207,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Stone Energy during the second quarter valued at approximately $384,000. 97.09% of the stock is currently owned by hedge funds and other institutional investors.

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Stone Energy 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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