Southwestern Energy Company (SWN) Given a $9.00 Price Target at Cowen and Company
Southwestern Energy Company (NYSE:SWN) has been assigned a $9.00 price objective by stock analysts at Cowen and Company in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the energy company’s stock. Cowen and Company’s price objective would suggest a potential upside of 64.84% from the stock’s current price.
A number of other equities analysts have also issued reports on the stock. KeyCorp reissued a “hold” rating on shares of Southwestern Energy in a research report on Sunday, September 3rd. Citigroup Inc. cut their target price on shares of Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, July 21st. BidaskClub raised shares of Southwestern Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. BMO Capital Markets reaffirmed a “buy” rating and set a $8.00 target price on shares of Southwestern Energy in a report on Tuesday, June 27th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Southwestern Energy in a report on Thursday, September 14th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $11.33.
Shares of Southwestern Energy (NYSE:SWN) traded down 0.18% during mid-day trading on Wednesday, reaching $5.46. 10,189,099 shares of the company traded hands. The firm has a 50-day moving average price of $5.84 and a 200 day moving average price of $6.25. Southwestern Energy has a 52 week low of $5.00 and a 52 week high of $12.85. The firm’s market capitalization is $2.72 billion.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.08). Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The business had revenue of $811.00 million for the quarter, compared to analysts’ expectations of $810.00 million. During the same period in the prior year, the business posted ($0.09) earnings per share. The business’s quarterly revenue was up 55.4% compared to the same quarter last year. On average, analysts anticipate that Southwestern Energy will post $0.49 earnings per share for the current year.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Tudor Investment Corp ET AL acquired a new stake in Southwestern Energy during the 1st quarter worth $102,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Southwestern Energy during the 1st quarter worth $111,000. Stifel Financial Corp boosted its stake in Southwestern Energy by 38.2% during the 1st quarter. Stifel Financial Corp now owns 17,170 shares of the energy company’s stock worth $140,000 after purchasing an additional 4,746 shares during the last quarter. Zacks Investment Management acquired a new stake in Southwestern Energy during the 2nd quarter worth $105,000. Finally, Cetera Investment Advisers acquired a new stake in Southwestern Energy during the 2nd quarter worth $108,000. 89.51% of the stock is currently owned by 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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