Stone Energy Corp. (NYSE:SGY)’s share price fell 3.8% on Tuesday . The stock traded as low as $10.11 and last traded at $10.26, with a volume of 483,601 shares trading hands. The stock had previously closed at $10.67.

Several research firms have weighed in on SGY. FBR & Co lowered Stone Energy Corp. from an “outperform” rating to a “mkt perform” rating in a report on Wednesday, June 1st. Imperial Capital dropped their price objective on Stone Energy Corp. from $8.00 to $6.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 1st. Zacks Investment Research lowered Stone Energy Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Johnson Rice lowered Stone Energy Corp. from a “buy” rating to a “hold” rating in a research note on Monday, April 18th. Finally, Barclays PLC lifted their price objective on Stone Energy Corp. to $3.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 15th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Stone Energy Corp. has a consensus rating of “Hold” and an average price target of $6.71.

The firm’s 50 day moving average price is $13.33 and its 200-day moving average price is $13.10. The company’s market cap is $56.29 million.

Stone Energy Corp. (NYSE:SGY) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($7.45) EPS for the quarter, missing the Zacks’ consensus estimate of ($6.42) by $1.03. The firm had revenue of $89.32 million for the quarter, compared to the consensus estimate of $79.01 million. During the same period last year, the company posted ($1.69) EPS. On average, analysts predict that Stone Energy Corp. will post ($25.80) EPS for the current fiscal year.

Several large investors have recently modified their holdings of SGY. California Public Employees Retirement System boosted its stake in shares of 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 last quarter. Royce & Associates LLC purchased a new stake in shares of Stone Energy Corp. during the fourth quarter worth about $2,301,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of 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 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.

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