Southwestern Energy Company (SWN) Given “Buy” Rating at Stifel Nicolaus
Southwestern Energy Company (NYSE:SWN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Stifel Nicolaus in a note issued to investors on Thursday.
Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada set a $10.00 target price on Southwestern Energy and gave the company 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. Barclays PLC reaffirmed a “hold” rating and set a $6.00 target price on shares of Southwestern Energy in a research report on Friday, July 7th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $8.00 target price on shares of Southwestern Energy in a research report on Tuesday, June 27th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $12.33.
Shares of Southwestern Energy (SWN) traded up 1.03% during trading on Thursday, hitting $5.91. 18,119,312 shares of the stock traded hands. The stock’s market cap is $2.94 billion. The stock has a 50 day moving average price of $5.44 and a 200-day moving average price of $6.55. Southwestern Energy has a 1-year low of $5.00 and a 1-year high of $14.98.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.08). Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. The business had revenue of $811.00 million for the quarter, compared to analysts’ expectations of $810.00 million. During the same quarter in the previous year, the firm earned ($0.09) EPS. Southwestern Energy’s revenue was up 55.4% compared to the same quarter last year. Equities analysts forecast that Southwestern Energy will post $0.54 EPS for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in SWN. Cleararc Capital Inc. lifted its position in shares of Southwestern Energy by 2.2% in the first quarter. Cleararc Capital Inc. now owns 12,185 shares of the energy company’s stock valued at $100,000 after acquiring an additional 261 shares in the last quarter. Financial Counselors Inc. acquired a new stake in shares of Southwestern Energy in the first quarter valued at approximately $101,000. Tudor Investment Corp ET AL acquired a new stake in shares of Southwestern Energy in the first quarter valued at approximately $102,000. Pinnacle Associates Ltd. acquired a new stake in shares of Southwestern Energy in the first quarter valued at approximately $103,000. Finally, Zacks Investment Management acquired a new stake in shares of Southwestern Energy in the second quarter valued at approximately $105,000. Institutional investors and hedge funds own 89.57% 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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