Southwestern Energy Rating Increased to Outperform at BMO Capital Markets (SWN)
Southwestern Energy (NYSE:SWN) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $50.00 target price on the stock, up from their previous target price of $45.00. BMO Capital Markets’ price objective would indicate a potential upside of 18.48% from the company’s current price.
The analysts wrote, “Strong and stronger fundamentals – We show the company achieving a cash flow neutral state in 2014 (2) Favorable risk/reward – Cheaper-than-most gas-weighted equities on relative valuation”. According to McSpirit, “we also see the shares attractively valued on an absolute valuation basis, considering the potential of higher yields on lower costs across the company’s asset portfolio”
A number of other firms have also recently commented on SWN. Analysts at Tudor Pickering downgraded shares of Southwestern Energy from an “accumulate” rating to a “hold” rating in a research note to investors on Friday, January 24th. Separately, analysts at Sterne Agee upgraded shares of Southwestern Energy from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, January 22nd. They now have a $48.00 price target on the stock, up previously from $40.33. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Southwestern Energy in a research note to investors on Monday, December 23rd. They now have a $41.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company. Southwestern Energy currently has a consensus rating of “Hold” and a consensus price target of $43.33.
Shares of Southwestern Energy (NYSE:SWN) traded up 1.99% during mid-day trading on Thursday, hitting $43.04. 3,535,826 shares of the company’s stock traded hands. Southwestern Energy has a 52 week low of $31.91 and a 52 week high of $42.85. The stock has a 50-day moving average of $39.9 and a 200-day moving average of $38.11. The company has a market cap of $15.094 billion and a P/E ratio of 73.14.
Southwestern Energy Company is an independent energy company engaged in natural gas and oil exploration, development and production.
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