Southwestern Energy (NYSE:SWN) has been assigned a $7.00 price target by research analysts at Royal Bank of Canada in a research note issued on Wednesday. The firm presently has a “hold” rating on the energy company’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 36.05% from the company’s current price.
A number of other research analysts have also recently commented on the company. Credit Suisse Group began coverage on Southwestern Energy in a research report on Monday, December 11th. They set a “neutral” rating and a $6.00 price target on the stock. Mizuho cut Southwestern Energy from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 21st. BMO Capital Markets set a $9.00 price target on Southwestern Energy and gave the company a “buy” rating in a research report on Tuesday, November 14th. KeyCorp reaffirmed a “hold” rating on shares of Southwestern Energy in a research report on Friday, November 10th. Finally, Barclays upped their price target on Southwestern Energy from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Monday, October 30th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $8.90.
Southwestern Energy (NYSE SWN) opened at $5.15 on Wednesday. The stock has a market capitalization of $2,654.36, a price-to-earnings ratio of 12.95 and a beta of 1.23. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.88 and a quick ratio of 1.88. Southwestern Energy has a 12 month low of $4.90 and a 12 month high of $11.36.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital World Investors increased its position in shares of Southwestern Energy by 1.4% during the 2nd quarter. Capital World Investors now owns 8,944,540 shares of the energy company’s stock valued at $54,383,000 after purchasing an additional 121,765 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Southwestern Energy by 77.5% during the 2nd quarter. Sterling Capital Management LLC now owns 8,405,909 shares of the energy company’s stock valued at $51,108,000 after purchasing an additional 3,669,743 shares during the last quarter. Bridgewater Associates LP increased its position in shares of Southwestern Energy by 117.5% during the 2nd quarter. Bridgewater Associates LP now owns 8,234,921 shares of the energy company’s stock valued at $50,068,000 after purchasing an additional 4,449,396 shares during the last quarter. Ontario Teachers Pension Plan Board increased its position in shares of Southwestern Energy by 22.8% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 7,563,624 shares of the energy company’s stock valued at $45,987,000 after purchasing an additional 1,405,925 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN increased its position in shares of Southwestern Energy by 57.2% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 6,840,087 shares of the energy company’s stock valued at $41,588,000 after purchasing an additional 2,487,525 shares during the last quarter. Institutional investors and hedge funds own 88.52% 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.
