Southwestern Energy Co. (SWN) Stock Price Up 2.7%
Southwestern Energy Co. (NYSE:SWN)’s share price rose 2.7% during mid-day trading on Tuesday . The stock traded as high as $14.47 and last traded at $14.23, with a volume of 6,028,867 shares traded. The stock had previously closed at $13.86.
SWN has been the topic of several research analyst reports. KLR Group raised their price objective on Southwestern Energy from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Thursday, September 1st. Nomura reaffirmed a “hold” rating and issued a $13.00 target price on shares of Southwestern Energy in a research report on Tuesday, July 5th. JPMorgan Chase & Co. raised Southwestern Energy from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $12.00 to $14.00 in a research report on Friday, July 22nd. Zacks Investment Research lowered Southwestern Energy from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Finally, Vetr raised Southwestern Energy from a “buy” rating to a “strong-buy” rating and set a $14.64 target price on the stock in a research report on Monday, June 27th. Five analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.44.
The company’s market cap is $5.52 billion. The firm’s 50-day moving average price is $14.08 and its 200 day moving average price is $12.21.
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Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Friday, July 22nd. The energy company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The business earned $522 million during the quarter, compared to the consensus estimate of $517.49 million. Southwestern Energy had a negative return on equity of 1.99% and a negative net margin of 220.65%. On average, analysts predict that Southwestern Energy Co. will post $0.04 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in SWN. Evercore Wealth Management LLC increased its stake in Southwestern Energy by 2.2% in the second quarter. Evercore Wealth Management LLC now owns 11,964 shares of the energy company’s stock worth $151,000 after buying an additional 259 shares in the last quarter. Williams Jones & Associates LLC increased its stake in Southwestern Energy by 5,326.5% in the second quarter. Williams Jones & Associates LLC now owns 106,360 shares of the energy company’s stock worth $1,338,000 after buying an additional 104,400 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Southwestern Energy during the second quarter worth approximately $197,000. Kentucky Retirement Systems bought a new stake in Southwestern Energy during the second quarter worth approximately $414,000. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in Southwestern Energy by 21.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 18,056 shares of the energy company’s stock worth $227,000 after buying an additional 3,178 shares in the last quarter. Institutional investors and hedge funds own 98.83% of the company’s stock.
Southwestern Energy Company Profile
Southwestern Energy Company is an independent 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 are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.
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