Stone Energy Corp. (NYSE:SGY) shares were down 7.5% during trading on Monday . The company traded as low as $12.04 and last traded at $12.90, with a volume of 1,229,442 shares trading hands. The stock had previously closed at $13.94.

A number of research analysts have commented on SGY shares. Howard Weil increased their price objective on shares of Stone Energy Corp. to $17.00 and gave the company a “sector perform” rating in a research note on Thursday, June 30th. Zacks Investment Research upgraded shares of Stone Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research note on Monday, July 11th. National Securities reiterated a “neutral” rating and set a $7.00 price objective on shares of Stone Energy Corp. in a research note on Wednesday, August 3rd. Barclays PLC increased their price objective on shares of Stone Energy Corp. to $3.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 15th. Finally, Imperial Capital reduced their price objective on shares of 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 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. The company has an average rating of “Hold” and a consensus price target of $6.71.

The company’s market cap is $65.74 million. The company’s 50-day moving average is $13.68 and its 200-day moving average is $12.43.

Stone Energy Corp. (NYSE:SGY) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported ($7.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($6.42) by $1.03. The firm had revenue of $89.32 million for the quarter, compared to analyst estimates of $79.01 million. During the same quarter last year, the firm posted ($1.69) EPS. Equities analysts forecast that Stone Energy Corp. will post ($25.39) earnings per share for the current year.

An institutional investor recently raised its position in Stone Energy Corp. stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in Stone Energy Corp. (NYSE:SGY) by 118.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 489,200 shares of the company’s stock after buying an additional 264,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.88% of Stone Energy Corp. worth $2,099,000 at the end of the most recent reporting period.

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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