Stone Energy Corp. (NYSE:SGY) was down 3.8% during mid-day trading 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 equities research analysts recently issued reports on SGY shares. National Securities cut their price target on Stone Energy Corp. from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Monday, May 9th. Zacks Investment Research upgraded Stone Energy Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 26th. Howard Weil upped their target price on Stone Energy Corp. to $17.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 30th. Johnson Rice cut Stone Energy Corp. from a “buy” rating to a “hold” rating in a research note on Monday, April 18th. Finally, Imperial Capital cut their target price on Stone Energy Corp. from $8.00 to $6.00 and set an “outperform” rating for the company in a research note on Wednesday, June 1st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.71.

The firm’s 50 day moving average price is $13.38 and its 200-day moving average price is $13.08. The company’s market capitalization is $57.58 million.

Stone Energy Corp. (NYSE:SGY) last released its quarterly earnings data on Tuesday, August 2nd. The company reported ($7.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($6.42) by $1.03. The company had revenue of $89.32 million for the quarter, compared to analyst estimates of $79.01 million. During the same period last year, the company earned ($1.69) EPS. Analysts anticipate that Stone Energy Corp. will post ($25.80) EPS for the current fiscal year.

A number of hedge funds and institutional investors have recently made changes to their positions in SGY. BNP Paribas Arbitrage SA increased its position 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 valued at $1,376,000 after buying an additional 120,448 shares during the last quarter. Royce & Associates LLC bought a new stake in Stone Energy Corp. during the fourth quarter worth about $2,301,000. Finally, 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 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.

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