Stone Energy Corp. (NYSE:SGY) fell 8.1% on Wednesday . The stock traded as low as $12.22 and last traded at $12.40, with a volume of 835,945 shares trading hands. The stock had previously closed at $13.50.

Several equities research analysts have recently commented on the company. Barclays PLC upped their price target on Stone Energy Corp. to $3.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 15th. Imperial Capital cut Stone Energy Corp. from an “in-line” rating to an “underperform” rating in a research note on Tuesday, April 19th. FBR & Co cut Stone Energy Corp. from an “outperform” rating to a “mkt perform” rating in a research note on Wednesday, June 1st. Zacks Investment Research upgraded Stone Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $18.00 price target for the company in a research note on Monday, July 11th. Finally, Johnson Rice cut Stone Energy Corp. from a “buy” rating to a “hold” rating in a research note on Monday, April 18th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Stone Energy Corp. has a consensus rating of “Hold” and an average target price of $6.29.

The stock’s market cap is $67.73 million. The firm’s 50 day moving average is $11.76 and its 200-day moving average is $14.12.

Stone Energy Corp. (NYSE:SGY) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.76) by $0.03. The company earned $80.68 million during the quarter, compared to analyst estimates of $72.52 million. During the same period in the prior year, the company earned ($0.23) EPS. Stone Energy Corp.’s revenue for the quarter was down 47.4% on a year-over-year basis. On average, equities research analysts forecast that Stone Energy Corp. will post ($25.42) EPS for the current fiscal year.

A number of hedge funds and institutional investors recently added to or reduced their stakes in SGY. California Public Employees Retirement System raised its position 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 in the last quarter. Royce & Associates LLC bought a new position in Stone Energy Corp. during the fourth quarter worth about $2,301,000. Finally, BNP Paribas Arbitrage SA raised its position 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 in the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.