Southwestern Energy Company (SWN) Downgraded by BidaskClub to “Strong Sell”
Southwestern Energy Company (NYSE:SWN) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Thursday.
Several other equities analysts have also weighed in on SWN. Citigroup Inc. reduced their price objective on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, July 21st. Cowen and Company set a $9.00 price objective on Southwestern Energy and gave the company a “buy” rating in a report on Wednesday, July 19th. BMO Capital Markets reissued a “buy” rating and set a $8.00 price objective on shares of Southwestern Energy in a report on Tuesday, June 27th. National Securities reissued a “buy” rating and set a $14.00 price objective on shares of Southwestern Energy in a report on Monday, May 1st. Finally, Barclays PLC reissued an “equal weight” rating and set a $9.00 price objective (down from $10.00) on shares of Southwestern Energy in a report on Saturday, April 22nd. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.65.
Shares of Southwestern Energy (NYSE SWN) traded up 2.37% on Thursday, hitting $6.05. The stock had a trading volume of 19,004,097 shares. The company’s market capitalization is $2.99 billion. Southwestern Energy has a 52 week low of $5.46 and a 52 week high of $15.59. The company has a 50-day moving average of $5.93 and a 200 day moving average of $7.47.
Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, April 27th. The energy company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $846 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 46.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.08) earnings per share. On average, equities research analysts predict that Southwestern Energy will post $0.62 EPS for the current year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning boosted 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 during the period. UBS Oconnor LLC boosted 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 during the period. Comerica Bank boosted 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 during the period. Prudential Financial Inc. boosted 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 during the period. Finally, Edmond DE Rothschild Holding S.A. boosted 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 during the period. 92.89% of the stock is currently owned by hedge funds and other institutional investors.
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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