Stone Energy Corp. (NYSE:SGY) traded down 2.1% on Tuesday . The stock traded as low as $9.61 and last traded at $9.77, with a volume of 574,168 shares. The stock had previously closed at $9.98.

A number of equities research analysts recently weighed in on the stock. National Securities reaffirmed a “neutral” rating and set a $7.00 price objective on shares of Stone Energy Corp. in a research report on Wednesday, August 3rd. Zacks Investment Research downgraded shares of Stone Energy Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Howard Weil boosted their price objective on shares of 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 price objective on shares of Stone Energy Corp. to $3.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 15th. Finally, Imperial Capital lowered their price objective on shares of Stone Energy Corp. from $8.00 to $6.00 and set an “outperform” rating for the company in a research report on Wednesday, June 1st. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Stone Energy Corp. presently has an average rating of “Hold” and a consensus price target of $6.71.

The company’s market capitalization is $54.28 million. The firm has a 50 day moving average price of $13.50 and a 200 day moving average price of $12.70.

Stone Energy Corp. (NYSE:SGY) last issued its quarterly earnings results 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. During the same period in the previous year, the business posted ($1.69) earnings per share. The business had revenue of $89.32 million for the quarter, compared to analysts’ expectations of $79.01 million. On average, equities research analysts anticipate that Stone Energy Corp. will post ($25.39) earnings per share for the current year.

Other institutional investors have made changes to their positions in the company. California Public Employees Retirement System boosted its position 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 in the last quarter. Royce & Associates LLC acquired a new position in shares of Stone Energy Corp. during the fourth quarter worth about $2,301,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Stone Energy Corp. by 118.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 489,200 shares of the company’s stock worth $2,099,000 after buying an additional 264,900 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted 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 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.

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