Southwestern Energy (SWN) Rating Lowered to Neutral at Citigroup

Southwestern Energy (NYSE:SWN) was downgraded by analysts at Citigroup from a “buy” rating to a “neutral” rating in a report released on Tuesday, Marketbeat Ratings reports. They presently have a $8.00 target price on the energy company’s stock. Citigroup’s price target would suggest a potential upside of 76.60% from the company’s current price.

A number of other brokerages have also issued reports on SWN. ValuEngine raised Southwestern Energy from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Piper Jaffray reissued a “hold” rating and set a $7.00 price target on shares of Southwestern Energy in a research report on Tuesday, January 9th. Mizuho lowered Southwestern Energy from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 16th. Zacks Investment Research lowered Southwestern Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Finally, Cowen set a $8.00 price target on Southwestern Energy and gave the company a “buy” rating in a research report on Thursday, January 18th. Seven analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $6.76.

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Shares of Southwestern Energy stock opened at $4.53 on Tuesday. The firm has a market cap of $2,600.69, a PE ratio of 10.30 and a beta of 0.79. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 2.22. Southwestern Energy has a 12-month low of $3.42 and a 12-month high of $8.25.



Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, March 1st. The energy company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $809.00 million for the quarter, compared to analyst estimates of $802.77 million. Southwestern Energy had a return on equity of 21.54% and a net margin of 30.57%. Southwestern Energy’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.08 earnings per share. equities research analysts predict that Southwestern Energy will post 0.74 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. ING Groep NV increased its position in Southwestern Energy by 24.0% in the 4th quarter. ING Groep NV now owns 77,320 shares of the energy company’s stock worth $431,000 after purchasing an additional 14,961 shares during the last quarter. Barings LLC increased its position in Southwestern Energy by 18.5% in the 4th quarter. Barings LLC now owns 111,692 shares of the energy company’s stock worth $623,000 after purchasing an additional 17,469 shares during the last quarter. American International Group Inc. increased its position in Southwestern Energy by 1.7% in the 4th quarter. American International Group Inc. now owns 1,074,702 shares of the energy company’s stock worth $5,997,000 after purchasing an additional 18,442 shares during the last quarter. NuWave Investment Management LLC acquired a new position in Southwestern Energy in the 4th quarter worth about $117,000. Finally, Teachers Retirement System of The State of Kentucky increased its position in Southwestern Energy by 23.9% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 109,500 shares of the energy company’s stock worth $611,000 after purchasing an additional 21,100 shares during the last quarter. 80.66% of the stock is currently owned by institutional investors.

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About Southwestern Energy

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.

Analyst Recommendations for Southwestern Energy (NYSE:SWN)

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