Southwestern Energy Company (NYSE:SWN) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Thursday, July 27th.
Other analysts also recently issued research reports about the stock. Royal Bank Of Canada set a $10.00 price target on shares of Southwestern Energy and gave the stock a “hold” rating in a research report on Saturday, June 10th. Scotiabank set a $9.00 price objective on shares of Southwestern Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $8.00 price objective on shares of Southwestern Energy in a report on Tuesday, April 4th. Iberia Capital lifted their price objective on shares of Southwestern Energy from $9.00 to $10.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 2nd. Finally, Barclays PLC reissued a “hold” rating and set a $6.00 price target on shares of Southwestern Energy in a report on Friday, July 7th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $12.55.
Southwestern Energy (NYSE:SWN) opened at 5.23 on Thursday. Southwestern Energy has a 52 week low of $5.00 and a 52 week high of $15.59. The company’s market capitalization is $2.61 billion. The firm has a 50-day moving average of $5.70 and a 200-day moving average of $7.03.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The company had revenue of $811 million for the quarter, compared to analyst estimates of $810 million. During the same period in the previous year, the business posted ($0.09) EPS. The firm’s quarterly revenue was up 55.4% compared to the same quarter last year. Analysts anticipate that Southwestern Energy will post $0.55 EPS for the current fiscal year.
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Several large investors have recently made changes to their positions in SWN. Retirement Systems of Alabama boosted its stake in shares of Southwestern Energy by 3.5% in the first quarter. Retirement Systems of Alabama now owns 240,706 shares of the energy company’s stock valued at $1,967,000 after buying an additional 8,084 shares during the last quarter. Granite Investment Advisors LLC boosted its stake in shares of Southwestern Energy by 15.3% in the first quarter. Granite Investment Advisors LLC now owns 707,830 shares of the energy company’s stock valued at $5,783,000 after buying an additional 93,856 shares during the last quarter. DnB Asset Management AS boosted its stake in shares of Southwestern Energy by 25.2% in the first quarter. DnB Asset Management AS now owns 48,627 shares of the energy company’s stock valued at $397,000 after buying an additional 9,800 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Southwestern Energy during the first quarter valued at approximately $233,000. Finally, Gulf International Bank UK Ltd boosted its stake in shares of Southwestern Energy by 2.2% in the first quarter. Gulf International Bank UK Ltd now owns 147,639 shares of the energy company’s stock valued at $1,206,000 after buying an additional 3,150 shares during the last quarter. 93.10% of the stock is owned by institutional investors and hedge funds.
About Southwestern Energy
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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