Southwestern Energy Company (NYSE:SWN) Price Target Cut to $8.00 by Analysts at Citigroup Inc.

Southwestern Energy Company (NYSE:SWN) had its price objective lowered by Citigroup Inc. from $9.00 to $8.00 in a report released on Friday. The firm currently has a buy rating on the energy company’s stock.

SWN has been the topic of several other research reports. Royal Bank Of Canada reissued a hold rating and set a $10.00 price objective on shares of Southwestern Energy in a research note on Friday, July 14th. Barclays PLC reissued a hold rating and set a $6.00 price objective on shares of Southwestern Energy in a research note on Friday, July 7th. Cowen and Company raised shares of Southwestern Energy from a market perform rating to an outperform rating and dropped their price objective for the stock from $14.00 to $11.00 in a research note on Wednesday, April 19th. National Securities reissued a buy rating and set a $14.00 price objective on shares of Southwestern Energy in a research note on Monday, May 1st. Finally, BMO Capital Markets reissued a buy rating and set a $8.00 price objective on shares of Southwestern Energy in a research note on Tuesday, June 27th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. Southwestern Energy presently has an average rating of Hold and a consensus target price of $12.96.

Southwestern Energy (NYSE:SWN) traded down 3.03% during mid-day trading on Friday, reaching $5.77. The company had a trading volume of 17,586,162 shares. The firm’s market capitalization is $2.85 billion. The firm has a 50-day moving average price of $5.94 and a 200 day moving average price of $7.60. Southwestern Energy has a 12-month low of $5.46 and a 12-month high of $15.59.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, April 27th. The energy company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Southwestern Energy had a negative net margin of 43.91% and a positive return on equity of 17.89%. The business had revenue of $846 million for the quarter, compared to analyst estimates of $765.03 million. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. Southwestern Energy’s quarterly revenue was up 46.1% on a year-over-year basis. Analysts expect that Southwestern Energy will post $0.65 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in SWN. First Manhattan Co. boosted its stake in shares of Southwestern Energy by 29.3% in the first quarter. First Manhattan Co. now owns 8,904 shares of the energy company’s stock worth $123,000 after buying an additional 2,020 shares in the last quarter. 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 worth $107,000 after buying an additional 2,000 shares in the last quarter. 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 worth $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 worth approximately $101,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Southwestern Energy during the first quarter worth approximately $102,000. 93.32% of the stock is owned by institutional investors and hedge funds.

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.