Scotiabank set a $8.00 price objective on Southwestern Energy Company (NYSE:SWN) in a research report sent to investors on Monday, August 7th. The brokerage currently has a hold rating on the energy company’s stock.
SWN has been the topic of several other reports. BidaskClub downgraded shares of Southwestern Energy from a sell rating to a strong sell rating in a report on Thursday, July 27th. Cowen and Company set a $9.00 price target on shares of Southwestern Energy and gave the company a buy rating in a report on Wednesday, July 19th. Citigroup Inc. cut their price target on shares of Southwestern Energy from $9.00 to $8.00 and set a buy rating on the stock in a report on Friday, July 21st. Zacks Investment Research cut shares of Southwestern Energy from a hold rating to a sell rating in a research report on Thursday, July 27th. Finally, Barclays PLC reissued an equal weight rating and issued a $9.00 price objective (down from $10.00) on shares of Southwestern Energy in a research report on Saturday, April 22nd. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $12.55.
Southwestern Energy (NYSE SWN) traded up 2.92% on Monday, reaching $5.28. The company had a trading volume of 18,364,416 shares. The stock’s 50 day moving average price is $5.65 and its 200-day moving average price is $6.98. Southwestern Energy has a 12-month low of $5.00 and a 12-month high of $15.59. The stock’s market capitalization is $2.63 billion.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.16 by $0.08. The firm had revenue of $811 million for the quarter, compared to the consensus estimate of $810 million. Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. The business’s revenue for the quarter was up 55.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.09) earnings per share. Equities analysts expect that Southwestern Energy will post $0.55 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Whittier Trust Co. raised its position in shares of Southwestern Energy by 2.4% in the second quarter. Whittier Trust Co. now owns 71,533 shares of the energy company’s stock worth $435,000 after buying an additional 1,701 shares during the last quarter. Creative Planning raised its position in shares of Southwestern Energy by 26.1% in the first quarter. Creative Planning now owns 25,448 shares of the energy company’s stock worth $208,000 after buying an additional 5,266 shares during the last quarter. UBS Oconnor LLC raised its position in shares of Southwestern Energy by 294.0% in the first quarter. UBS Oconnor LLC now owns 857,670 shares of the energy company’s stock worth $7,007,000 after buying an additional 640,014 shares during the last quarter. BlackRock Inc. raised its position in shares of Southwestern Energy by 2,582.8% in the first quarter. BlackRock Inc. now owns 31,270,589 shares of the energy company’s stock worth $255,479,000 after buying an additional 30,105,011 shares during the last quarter. Finally, Ngam Advisors L.P. raised its position in shares of Southwestern Energy by 75.0% in the first quarter. Ngam Advisors L.P. now owns 42,849 shares of the energy company’s stock worth $350,000 after buying an additional 18,370 shares during the last quarter. Institutional investors and hedge funds own 93.10% of the company’s stock.
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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