Southwestern Energy Company Price Target Cut to $41.00 (SWN)
Equities research analysts at Barclays cut their price target on shares of Southwestern Energy Company (NYSE:SWN) from $42.00 to $41.00 in a research note issued to investors on Monday. The firm currently has an “equal weight” rating on the stock. Barclays’ price target indicates a potential downside of 1.89% from the stock’s previous close.
A number of other analysts have also recently weighed in on SWN. Analysts at Zacks reiterated a “neutral” rating on shares of Southwestern Energy Company in a research note on Wednesday, June 11th. They now have a $47.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Southwestern Energy Company in a research note on Thursday, May 15th. They now have a $33.00 price target on the stock. Finally, analysts at Iberia Capital reiterated a “sector perform” rating on shares of Southwestern Energy Company in a research note on Thursday, May 15th. They now have a $45.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Southwestern Energy Company has an average rating of “Hold” and an average price target of $47.10.
Shares of Southwestern Energy Company (NYSE:SWN) traded down 0.86% on Monday, hitting $41.43. The stock had a trading volume of 3,881,667 shares. Southwestern Energy Company has a 52-week low of $34.88 and a 52-week high of $49.16. The stock’s 50-day moving average is $45.07 and its 200-day moving average is $44.07. The company has a market cap of $14.556 billion and a P/E ratio of 19.08.
Southwestern Energy Company (NYSE:SWN) last released its earnings data on Thursday, May 1st. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.03. The company had revenue of $793.35 million for the quarter, compared to the consensus estimate of $935.27 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 57.3% on a year-over-year basis. On average, analysts predict that Southwestern Energy Company will post $2.46 earnings per share for the current fiscal year.
Southwestern Energy Company is an independent energy company engaged in natural gas and oil exploration, development and production.
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