Southwestern Energy Company (SWN) PT Lowered to $5.00 at Barclays PLC
Southwestern Energy Company (NYSE:SWN) had its target price lowered by equities research analysts at Barclays PLC from $6.00 to $5.00 in a report issued on Wednesday. The brokerage presently has an “equal weight” rating on the energy company’s stock. Barclays PLC’s price objective would suggest a potential downside of 14.24% from the company’s current price.
Other research analysts have also recently issued research reports about the company. BMO Capital Markets reaffirmed a “buy” rating and set a $8.00 target price on shares of Southwestern Energy in a research note on Tuesday, June 27th. Citigroup Inc. decreased their price target on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, July 21st. 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, July 19th. Stifel Nicolaus reiterated a “buy” rating on shares of Southwestern Energy in a research report on Thursday, September 14th. Finally, Piper Jaffray Companies set a $8.00 price target on Southwestern Energy and gave the company a “hold” rating in a research report on Thursday, August 24th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.60.
Southwestern Energy (NYSE:SWN) traded down 0.86% during midday trading on Wednesday, hitting $5.78. 12,372,609 shares of the company traded hands. Southwestern Energy has a 12-month low of $5.00 and a 12-month high of $13.88. The stock has a 50 day moving average of $5.79 and a 200 day moving average of $6.34. The stock’s market cap is $2.94 billion.
Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $811.00 million for the quarter, compared to the consensus estimate of $810.00 million. During the same period in the prior year, the business earned ($0.09) EPS. The company’s quarterly revenue was up 55.4% compared to the same quarter last year. Equities research analysts predict that Southwestern Energy will post $0.52 EPS for the current fiscal year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Proficio Capital Partners acquired a new stake in Southwestern Energy in the 4th quarter valued at approximately $0. Patten Group Inc. grew its holdings in Southwestern Energy by 0.3% in the 3rd quarter. Patten Group Inc. now owns 18,985 shares of the energy company’s stock valued at $259,000 after buying an additional 50 shares during the last quarter. Gateway Investment Advisers LLC grew its holdings in Southwestern Energy by 0.5% in the 3rd quarter. Gateway Investment Advisers LLC now owns 27,627 shares of the energy company’s stock valued at $382,000 after buying an additional 136 shares during the last quarter. Evercore Wealth Management LLC grew its holdings in Southwestern Energy by 2.2% in the 2nd quarter. Evercore Wealth Management LLC now owns 11,964 shares of the energy company’s stock valued at $151,000 after buying an additional 259 shares during the last quarter. Finally, Cleararc Capital Inc. grew its holdings in Southwestern Energy by 2.2% in the 1st quarter. Cleararc Capital Inc. now owns 12,185 shares of the energy company’s stock valued at $100,000 after buying an additional 261 shares during the last quarter. 89.54% of the stock is currently owned by hedge funds and other institutional investors.
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.
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