Southwestern Energy Company Stock Rating Reaffirmed by Maxim Group (SWN)
Southwestern Energy Company (NYSE:SWN)‘s stock had its “buy” rating restated by equities researchers at Maxim Group in a research report issued on Friday. They currently have a $47.00 price objective on the stock. Maxim Group’s target price would suggest a potential upside of 16.25% from the stock’s previous close.
Shares of Southwestern Energy Company (NYSE:SWN) traded down 0.37% during mid-day trading on Friday, hitting $40.43. The stock had a trading volume of 5,320,226 shares. Southwestern Energy Company has a one year low of $34.88 and a one year high of $49.16. The stock has a 50-day moving average of $43.8 and a 200-day moving average of $44.18. The company has a market cap of $14.205 billion and a P/E ratio of 18.53.
Southwestern Energy Company (NYSE:SWN) last announced its earnings results on Thursday, July 31st. The company reported $0.59 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.59. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $978.69 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. On average, analysts predict that Southwestern Energy Company will post $2.42 earnings per share for the current fiscal year.
A number of other firms have also recently commented on SWN. Analysts at Barclays cut their price target on shares of Southwestern Energy Company from $42.00 to $41.00 in a research note on Monday, July 21st. They now have an “equal weight” rating on the stock. Separately, 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. Finally, 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. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $47.10.
Southwestern Energy Company is an independent energy company engaged in natural gas and oil exploration, development and production.
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