Southwestern Energy Company (SWN) Given New $6.00 Price Target at Barclays PLC
Southwestern Energy Company (NYSE:SWN) had its price objective lifted by investment analysts at Barclays PLC from $5.00 to $6.00 in a report released on Monday. The brokerage presently has an “equal weight” rating on the energy company’s stock. Barclays PLC’s price objective indicates a potential upside of 10.29% from the stock’s current price.
Several other research analysts have also issued reports on SWN. Robert W. Baird reaffirmed a “hold” rating and set a $8.00 target price on shares of Southwestern Energy in a research report on Tuesday, September 26th. Scotiabank set a $8.00 target price on Southwestern Energy and gave the company a “hold” rating in a research report on Monday, August 7th. Royal Bank Of Canada set a $8.00 target price on Southwestern Energy and gave the company a “hold” rating in a research report on Tuesday, August 8th. BidaskClub raised Southwestern Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Morgan Stanley upped their target price on Southwestern Energy from $5.00 to $6.00 and gave the company an “underweight” rating in a research report on Wednesday, October 18th. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $10.95.
Southwestern Energy (NYSE SWN) traded down 1.47% during midday trading on Monday, reaching $5.36. The company had a trading volume of 16,366,699 shares. Southwestern Energy has a 1-year low of $4.90 and a 1-year high of $12.85. The company’s market capitalization is $2.67 billion. The firm has a 50-day moving average of $5.78 and a 200 day moving average of $6.11.
Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, October 26th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). Southwestern Energy had a net margin of 16.31% and a return on equity of 23.99%. The business had revenue of $737.00 million for the quarter, compared to analyst estimates of $773.99 million. During the same period in the prior year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, equities research analysts forecast that Southwestern Energy will post $0.48 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. grew its holdings in Southwestern Energy by 2.4% during the second quarter. Whittier Trust Co. now owns 71,533 shares of the energy company’s stock worth $435,000 after acquiring an additional 1,701 shares during the period. Airain ltd grew its holdings in Southwestern Energy by 4.6% during the second quarter. Airain ltd now owns 423,311 shares of the energy company’s stock worth $2,574,000 after acquiring an additional 18,730 shares during the period. Brookfield Asset Management Inc. acquired a new stake in Southwestern Energy during the second quarter worth about $3,040,000. BlackRock Inc. grew its holdings in Southwestern Energy by 2,582.8% during the first quarter. BlackRock Inc. now owns 31,270,589 shares of the energy company’s stock worth $255,479,000 after acquiring an additional 30,105,011 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Southwestern Energy by 27.1% during the second quarter. Bank of New York Mellon Corp now owns 5,769,507 shares of the energy company’s stock worth $35,078,000 after purchasing an additional 1,231,562 shares in the last quarter. 89.58% 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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