Stone Energy Co. (NYSE:SGY) had its price objective cut by Barclays from $4.50 to $3.00 in a research note released on Thursday, MarketBeat Ratings reports. They currently have an equal weight rating on the stock.

Other institutional investors have recently made changes to their positions in the company. Acadian Asset Management purchased a new position in shares of Stone Energy during the fourth quarter valued at approximately $828,000. ICON Advisers purchased a new position in shares of Stone Energy during the third quarter valued at approximately $2,911,000. Finally, Mackay Shields raised its position in shares of Stone Energy by 19.2% in the fourth quarter. Mackay Shields now owns 61,227,000 shares of the company’s stock valued at $45,529,000 after buying an additional 9,865,000 shares in the last quarter.

Shares of Stone Energy (NYSE:SGY) opened at 2.71 on Thursday. The company’s market cap is $149.82 million. The firm’s 50-day moving average is $3.45 and its 200-day moving average is $5.69. Stone Energy has a 52 week low of $1.82 and a 52 week high of $19.65.

Stone Energy (NYSE:SGY) last issued its quarterly earnings results on Monday, November 2nd. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.06. The business had revenue of $132.20 million for the quarter, compared to analyst estimates of $128.15 million. Stone Energy’s revenue was down 27.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS. Equities research analysts predict that Stone Energy will post ($0.47) earnings per share for the current year.

A number of other research analysts have also recently commented on the stock. Tudor Pickering cut shares of Stone Energy to a sell rating in a research report on Monday. KLR Group dropped their price objective on Stone Energy from $9.00 to $5.00 in a research note on Tuesday, January 19th. Capital One Financial Corp. lowered Stone Energy from an equal weight rating to an underweight rating in a research note on Tuesday, January 19th. Seaport Global Securities lowered Stone Energy from an accumulate rating to a neutral rating and dropped their price objective for the company from $7.50 to $3.00 in a research note on Wednesday, January 13th. Finally, FBR & Co. lowered Stone Energy from an outperform rating to a market perform rating and increased their price objective for the company from $5.00 to $9.00 in a research note on Wednesday, January 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $8.46.

Stone Energy Corporation is an independent oil and natural gas exploration and production company. The Company is engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties in the Gulf of Mexico (NYSE:SGY) basin. It seeks to acquire seismic data and leasehold interests in undeveloped, onshore, oil-focused plays and is focused on the GOM conventional shelf, GOM deep water, Gulf Coast deep gas and the Marcellus Shale in Appalachia. As of December 31, 2014, the Company’s estimated proved oil and natural gas reserves were approximately 153 million barrels of oil equivalent (Mmboe) or 915 billions of cubic feet equivalent (Bcfe). The Company’s oil and natural gas production is sold at current market prices under short-term contracts. Shell Trading (US) Company and Phillips 66 Company accounted for approximately 32% and 31%, respectively, of its oil and natural gas revenue generated during the year ended December 31, 2014.

12 Month Chart for NYSE:SGY

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