Stone Energy (SGY -3.1%) is downgraded to Accumulate from Buy with a $26 price target (down from...

|About: Stone Energy Corp (SGY)|By:, SA News Editor

Stone Energy (SGY -3.1%) is downgraded to Accumulate from Buy with a $26 price target (down from $26) at Global Hunter, which says the midpoint of SGY's 2013 production guidance was ~2.3M boe/day less than its 46.3M boe/day estimate and the proportion of that production composed of natural gas was 2% greater than its 48% forecast.