Citigroup Inc. Trims Southwestern Energy Company (NYSE:SWN) Target Price to $8.00
Southwestern Energy Company (NYSE:SWN) had its price target reduced by equities research analysts at Citigroup Inc. from $9.00 to $8.00 in a note issued to investors on Friday. The firm currently has a “buy” rating on the energy company’s stock. Citigroup Inc.’s price objective indicates a potential upside of 38.65% from the stock’s current price.
Other research analysts have also recently issued reports about the company. Royal Bank Of Canada set a $10.00 price objective on Southwestern Energy and gave the stock a “hold” rating in a research report on Saturday, June 10th. Scotiabank set a $9.00 target price on Southwestern Energy and gave the company a “hold” rating in a research report on Saturday, July 1st. BidaskClub raised Southwestern Energy from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Jefferies Group LLC reissued a “hold” rating and issued a $8.00 target price on shares of Southwestern Energy in a research report on Tuesday, April 4th. Finally, Iberia Capital upped their target price on Southwestern Energy from $9.00 to $10.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 2nd. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $12.96.
Southwestern Energy (SWN) traded down 3.03% during midday trading on Friday, reaching $5.77. The company’s stock had a trading volume of 17,586,162 shares. The firm’s market capitalization is $2.85 billion. The stock’s 50-day moving average price is $5.94 and its 200 day moving average price is $7.60. Southwestern Energy has a 1-year low of $5.46 and a 1-year high of $15.59.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, April 27th. The energy company reported $0.18 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The business 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%. The business’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.08) EPS. Equities analysts anticipate that Southwestern Energy will post $0.65 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Citigroup Inc. Trims Southwestern Energy Company (NYSE:SWN) Target Price to $8.00” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/21/citigroup-inc-trims-southwestern-energy-company-nyseswn-target-price-to-8-00.html.
Several institutional investors have recently modified their holdings of SWN. PGGM Investments increased its position in shares of Southwestern Energy by 0.4% in the fourth quarter. PGGM Investments now owns 1,380,310 shares of the energy company’s stock worth $9,814,000 after buying an additional 5,262 shares during the period. Bristol John W & Co. Inc. NY boosted its stake in Southwestern Energy by 95.4% in the fourth quarter. Bristol John W & Co. Inc. NY now owns 4,110,116 shares of the energy company’s stock worth $29,223,000 after buying an additional 2,006,162 shares in the last quarter. Washington State Investment Board boosted its stake in Southwestern Energy by 70.0% in the fourth quarter. Washington State Investment Board now owns 156,379 shares of the energy company’s stock worth $1,112,000 after buying an additional 64,379 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in Southwestern Energy by 12.0% in the fourth quarter. Gateway Investment Advisers LLC now owns 737,643 shares of the energy company’s stock worth $5,245,000 after buying an additional 78,918 shares in the last quarter. Finally, Horrell Capital Management Inc. boosted its stake in Southwestern Energy by 0.7% in the fourth quarter. Horrell Capital Management Inc. now owns 53,564 shares of the energy company’s stock worth $381,000 after buying an additional 368 shares in the last quarter. 93.32% of the stock is owned by institutional investors and hedge funds.
Southwestern Energy Company Profile
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.
Receive News & Ratings for Southwestern Energy Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwestern Energy Company and related companies with MarketBeat.com's FREE daily email newsletter.