Stone Energy Corp. (NYSE:SGY) shares traded down 12% during trading on Friday . The company traded as low as $19.50 and last traded at $20.23, with a volume of 1,665,622 shares changing hands. The stock had previously closed at $23.00.

A number of research analysts recently commented on the company. Zacks Investment Research cut Stone Energy Corp. from a “buy” rating to a “hold” rating in a report on Wednesday. Howard Weil boosted their target price on Stone Energy Corp. to $17.00 and gave the company a “sector perform” rating in a research report on Thursday, June 30th. Barclays PLC boosted their target price on Stone Energy Corp. to $3.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 15th. Johnson Rice lowered Stone Energy Corp. from a “buy” rating to a “hold” rating in a research report on Monday, April 18th. Finally, Imperial Capital lowered Stone Energy Corp. from an “in-line” rating to an “underperform” rating in a research report on Tuesday, April 19th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $6.29.

The company’s 50-day moving average is $9.80 and its 200-day moving average is $15.46. The firm’s market cap is $107.84 million.

Stone Energy Corp. (NYSE:SGY) last announced its earnings results on Wednesday, May 4th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.76) by $0.03. The business had revenue of $80.68 million for the quarter, compared to analysts’ expectations of $72.52 million. The business’s revenue for the quarter was down 47.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.23) EPS. On average, equities research analysts expect that Stone Energy Corp. will post ($25.44) EPS for the current fiscal year.

Other hedge funds have bought and sold shares of the company. California Public Employees Retirement System increased its stake in Stone Energy Corp. by 7.3% in the fourth quarter. California Public Employees Retirement System now owns 1,153,287 shares of the company’s stock worth $4,948,000 after buying an additional 78,100 shares during the period. Royce & Associates LLC acquired a new stake in Stone Energy Corp. during the fourth quarter worth about $2,301,000. Finally, BNP Paribas Arbitrage SA increased its stake in Stone Energy Corp. by 60.1% in the fourth quarter. BNP Paribas Arbitrage SA now owns 320,859 shares of the company’s stock worth $1,376,000 after buying an additional 120,448 shares during the period.

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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