NEW YORK (

TheStreet

) --

Stone Energy Corporation

(NYSE:

SGY

) hit a new 52-week high Friday as it traded at $29.58 compared with its previous 52-Week high of $29.50. Stone Energy is changing hands at $29.57 with 988,312 shares traded as of 2:47 p.m. ET. Average volume has been 734,600 shares over the past 30 days.

Stone Energy has a market cap of $1.3 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 26.5% year to date as of the close of trading on Thursday.

Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties located in the Gulf of Mexico and Appalachia region. The company has a P/E ratio of 131.6, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Stone Energy as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full

Stone Energy Ratings Report

.

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