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Stone Energy Corporation

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Stone Energy has a multi-year inventory of drilling prospects, and is working on a strategy to fund its growth areas in Appalachia, the Rockies and the Deep Gas/Deepwater in the conventional shelf. It is actively engaged in horizontal well drilling in the Marcellus Shale and involved in various vertical tests in the Bakken Shale play. These are likely to add to revenues in the coming quarters. Despite these positives, the company posted fourth-quarter 2015 earnings of $0.04 per share, lagging the Zacks Consensus Estimate and year-ago profits of $0.07 each. Lower oil and gas prices affected the results. Furthermore, the company’s results are directly exposed to oil and gas prices, which are inherently volatile and subject to complex market forces.

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