Stone Energy Corp. (NYSE:SGY)’s share price fell 2.1% on Tuesday . The company 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 brokerages have recently weighed in on SGY. National Securities restated a “neutral” rating and issued a $7.00 target price on shares of Stone Energy Corp. in a research note on Wednesday, August 3rd. Zacks Investment Research downgraded Stone Energy Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Howard Weil boosted 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. Barclays PLC boosted their target price on Stone Energy Corp. to $3.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 15th. Finally, Imperial Capital cut their target price 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. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $6.71.

The stock’s market cap is $54.95 million. The firm has a 50-day moving average of $13.55 and a 200-day moving average of $12.52.

Stone Energy Corp. (NYSE:SGY) last posted its quarterly earnings results 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 analysts’ expectations of $79.01 million. During the same quarter last year, the firm posted ($1.69) EPS. Equities analysts expect that Stone Energy Corp. will post ($25.39) EPS for the current year.

A number of large investors recently modified their holdings of SGY. 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 valued at $1,376,000 after buying an additional 120,448 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake 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 valued at $2,099,000 after buying an additional 264,900 shares in the last quarter. Royce & Associates LLC bought a new stake in shares of Stone Energy Corp. during the fourth quarter valued at about $2,301,000. Finally, 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 valued at $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.

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.