Stone Energy Corp. (NYSE:SGY) dropped 2.6% during trading on Tuesday . The company traded as low as $11.03 and last traded at $11.07, with a volume of 829,418 shares changing hands. The stock had previously closed at $11.37.

SGY has been the topic of a number of recent research reports. Imperial Capital dropped their target price on Stone Energy Corp. from $8.00 to $6.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 1st. National Securities reiterated a “neutral” rating and issued a $7.00 target price on shares of Stone Energy Corp. in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded Stone Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a research report on Monday, July 11th. Howard Weil boosted their price target on Stone Energy Corp. to $17.00 and gave the company a “sector perform” rating in a report on Thursday, June 30th. Finally, FBR & Co downgraded Stone Energy Corp. from an “outperform” rating to a “mkt perform” rating in a report on Wednesday, June 1st. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Stone Energy Corp. currently has an average rating of “Hold” and a consensus target price of $6.71.

The stock’s 50 day moving average is $13.07 and its 200 day moving average is $11.49. The company’s market capitalization is $61.38 million.

Stone Energy Corp. (NYSE:SGY) last announced its earnings results on Tuesday, August 2nd. The company reported ($7.45) earnings per share for the quarter, missing the consensus estimate of ($6.42) by $1.03. The business earned $89.32 million during the quarter, compared to the consensus estimate of $79.01 million. During the same quarter in the prior year, the business earned ($1.69) EPS. On average, equities analysts anticipate that Stone Energy Corp. will post ($25.39) earnings per share for the current year.

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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