Royal Bank Of Canada Reaffirms Hold Rating for Southwestern Energy Company (SWN)
Southwestern Energy Company (NYSE:SWN)‘s stock had its “hold” rating reaffirmed by investment analysts at Royal Bank Of Canada in a report issued on Thursday. They currently have a $9.00 price target on the energy company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 51.26% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. Stifel Nicolaus initiated coverage on Southwestern Energy in a research report on Thursday, March 23rd. They issued a “buy” rating and a $10.00 price target on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $8.00 price target on shares of Southwestern Energy in a research report on Tuesday, June 27th. Cowen and Company set a $9.00 price target on Southwestern Energy and gave the company a “buy” rating in a research report on Wednesday. National Securities reaffirmed a “buy” rating and issued a $14.00 price target on shares of Southwestern Energy in a research report on Monday, May 1st. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $9.00 price target (down previously from $10.00) on shares of Southwestern Energy in a research report on Saturday, April 22nd. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $13.04.
Shares of Southwestern Energy (SWN) traded down 2.94% during trading on Thursday, reaching $5.95. 19,057,780 shares of the company’s stock were exchanged. The company’s market capitalization is $2.94 billion. Southwestern Energy has a 12-month low of $5.46 and a 12-month high of $15.59. The stock has a 50-day moving average price of $5.94 and a 200 day moving average price of $7.61.
Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, April 27th. The energy company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $846 million during the quarter, compared to analysts’ expectations of $765.03 million. Southwestern Energy had a positive return on equity of 17.89% and a negative net margin of 43.91%. Southwestern Energy’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same period last year, the business posted ($0.08) EPS. Equities analysts expect that Southwestern Energy will post $0.66 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning increased its position in shares of Southwestern Energy by 26.1% in the first quarter. Creative Planning now owns 25,448 shares of the energy company’s stock worth $208,000 after buying an additional 5,266 shares in the last quarter. Comerica Bank increased its position in shares of Southwestern Energy by 0.8% in the first quarter. Comerica Bank now owns 152,631 shares of the energy company’s stock worth $1,171,000 after buying an additional 1,149 shares in the last quarter. UBS Oconnor LLC increased its position in shares of Southwestern Energy by 294.0% in the first quarter. UBS Oconnor LLC now owns 857,670 shares of the energy company’s stock worth $7,007,000 after buying an additional 640,014 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Southwestern Energy by 3.1% in the first quarter. Prudential Financial Inc. now owns 1,148,412 shares of the energy company’s stock worth $9,383,000 after buying an additional 34,500 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its position in shares of Southwestern Energy by 128.5% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 78,340 shares of the energy company’s stock worth $640,000 after buying an additional 44,050 shares in the last quarter. Institutional investors own 93.32% of the company’s stock.
About Southwestern Energy
Southwestern Energy Company is an 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 in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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