Stone Energy Corporation (NYSE:SGY)’s share price was down 15.6% on Tuesday . The stock traded as low as $29.92 and last traded at $29.97. Approximately 515,449 shares changed hands during mid-day trading, an increase of 135% from the average daily volume of 219,313 shares. The stock had previously closed at $35.49.

Several equities analysts recently weighed in on SGY shares. BidaskClub upgraded Stone Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. BMO Capital Markets restated a “buy” rating and set a $2.75 target price on shares of Stone Energy Corporation in a report on Wednesday, November 15th. Scotiabank reiterated a “hold” rating and issued a $2.50 price objective on shares of Stone Energy Corporation in a report on Tuesday, October 10th. Zacks Investment Research cut Stone Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Finally, ValuEngine upgraded Stone Energy Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.08.

The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.81.

Stone Energy Corporation (NYSE:SGY) last announced its earnings results on Wednesday, November 1st. The oil and natural gas company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.37. Stone Energy Corporation had a return on equity of 590.23% and a net margin of 68.43%. The company had revenue of $79.53 million for the quarter. During the same period in the previous year, the firm earned ($0.02) EPS. equities analysts anticipate that Stone Energy Corporation will post -1.45 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SGY. Nationwide Fund Advisors acquired a new position in Stone Energy Corporation in the second quarter valued at $204,000. Susquehanna International Group LLP acquired a new stake in shares of Stone Energy Corporation during the third quarter worth about $206,000. Federated Investors Inc. PA acquired a new stake in shares of Stone Energy Corporation during the second quarter worth about $207,000. Sei Investments Co. boosted its stake in shares of Stone Energy Corporation by 12.7% during the second quarter. Sei Investments Co. now owns 13,039 shares of the oil and natural gas company’s stock worth $240,000 after buying an additional 1,465 shares during the period. Finally, New York State Common Retirement Fund acquired a new stake in shares of Stone Energy Corporation during the second quarter worth about $384,000. Institutional investors own 98.00% of the company’s stock.

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Stone Energy Corporation Company Profile

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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