Southwestern Energy Co. (SWN) Rating Increased to Accumulate at KLR Group
Southwestern Energy Co. (NYSE:SWN) was upgraded by stock analysts at KLR Group from a “hold” rating to an “accumulate” rating in a research report issued on Tuesday.
A number of other equities analysts also recently issued reports on SWN. Vetr upgraded Southwestern Energy from a “hold” rating to a “strong-buy” rating and set a $14.64 price target on the stock in a research note on Monday, June 20th. Tudor Pickering upgraded Southwestern Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, June 29th. Jefferies Group lifted their target price on Southwestern Energy from $4.00 to $9.00 and gave the company an “underperform” rating in a research report on Wednesday, June 29th. Barclays PLC reiterated an “underweight” rating and set a $8.00 target price (up from $7.00) on shares of Southwestern Energy in a research report on Friday, July 1st. Finally, Bank of America Corp. reiterated a “hold” rating on shares of Southwestern Energy in a research report on Thursday, June 30th. Five analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Southwestern Energy presently has a consensus rating of “Hold” and a consensus price target of $12.66.
Shares of Southwestern Energy (NYSE:SWN) traded up 1.36% during trading on Tuesday, reaching $12.64. The company’s stock had a trading volume of 10,315,963 shares. The company has a 50 day moving average of $13.87 and a 200 day moving average of $13.03. Southwestern Energy has a 12-month low of $5.00 and a 12-month high of $15.59. The company’s market cap is $4.90 billion.
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Southwestern Energy (NYSE:SWN) last released its quarterly earnings results on Friday, July 22nd. The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.01. The firm had revenue of $522 million for 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 anticipate that Southwestern Energy will post $0.04 EPS for the current fiscal year.
In related news, Director Gregory D. Kerley sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $14.34, for a total value of $172,080.00. Following the completion of the transaction, the director now owns 312,064 shares of the company’s stock, valued at $4,474,997.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.16% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of SWN. Capital Research Global Investors increased its position in shares of Southwestern Energy by 25.7% in the second quarter. Capital Research Global Investors now owns 55,881,426 shares of the energy company’s stock worth $702,988,000 after buying an additional 11,428,991 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Southwestern Energy by 23.2% in the second quarter. Vanguard Group Inc. now owns 43,459,895 shares of the energy company’s stock worth $546,724,000 after buying an additional 8,190,765 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Southwestern Energy during the second quarter worth about $91,593,000. Senator Investment Group LP acquired a new position in shares of Southwestern Energy during the second quarter worth about $88,060,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Southwestern Energy during the second quarter worth about $59,398,000. 98.77% of the stock is owned by institutional investors.
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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