Southwestern Energy Company (NYSE:SWN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Cowen and Company in a research note issued to investors on Wednesday. They presently have a $9.00 price target on the energy company’s stock. Cowen and Company’s price target would suggest a potential upside of 54.11% from the stock’s previous close.
SWN has been the subject of several other reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $10.00 price target on shares of Southwestern Energy in a research note on Friday, July 14th. Barclays PLC reiterated a “hold” rating and issued a $6.00 price target on shares of Southwestern Energy in a research note on Friday, July 7th. National Securities reiterated a “buy” rating and issued a $14.00 price target on shares of Southwestern Energy in a research note on Monday, May 1st. BMO Capital Markets reiterated a “buy” rating and issued a $8.00 price target on shares of Southwestern Energy in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $8.00 price target on shares of Southwestern Energy in a research note on Tuesday, April 4th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.09.
Shares of Southwestern Energy (NYSE SWN) traded up 4.880% during trading on Wednesday, hitting $6.125. The stock had a trading volume of 13,848,263 shares. Southwestern Energy has a 12-month low of $5.46 and a 12-month high of $15.59. The stock’s market capitalization is $3.03 billion. The stock’s 50-day moving average is $5.95 and its 200-day moving average is $7.62.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, April 27th. The energy company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $846 million during the quarter, compared to analysts’ expectations of $765.03 million. Southwestern Energy had a positive return on equity of 17.89% and a negative net margin of 43.91%. The firm’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) earnings per share. Analysts predict that Southwestern Energy will post $0.66 EPS for the current fiscal year.
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Several hedge funds have recently modified their holdings of SWN. Cleararc Capital Inc. boosted its stake in shares of Southwestern Energy by 2.2% in the first quarter. Cleararc Capital Inc. now owns 12,185 shares of the energy company’s stock valued at $100,000 after buying an additional 261 shares in the last quarter. Financial Counselors Inc. acquired a new stake in shares of Southwestern Energy during the first quarter valued at $101,000. Tudor Investment Corp ET AL acquired a new stake in shares of Southwestern Energy during the first quarter valued at $102,000. Pinnacle Associates Ltd. acquired a new stake in shares of Southwestern Energy during the first quarter valued at $103,000. Finally, Macquarie Group Ltd. boosted its stake in shares of Southwestern Energy by 25.3% in the fourth quarter. Macquarie Group Ltd. now owns 9,900 shares of the energy company’s stock valued at $107,000 after buying an additional 2,000 shares in the last quarter. 93.32% of the stock is currently owned by institutional investors.
Southwestern Energy Company Profile
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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