Stock analysts at Credit Suisse Group assumed coverage on shares of Southwestern Energy (NYSE:SWN) in a research note issued on Monday, December 11th, Marketbeat.com reports. The brokerage set a “neutral” rating and a $6.00 price target on the energy company’s stock. Credit Suisse Group’s target price points to a potential upside of 12.78% from the stock’s previous close.
A number of other brokerages also recently weighed in on SWN. Cowen reissued a “buy” rating and issued a $9.00 price target on shares of Southwestern Energy in a report on Tuesday, September 12th. Morgan Stanley raised their price objective on shares of Southwestern Energy from $5.00 to $6.00 and gave the stock an “underweight” rating in a report on Wednesday, October 18th. Barclays reduced their price objective on shares of Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Wolfe Research raised shares of Southwestern Energy from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $6.00 to $7.00 in a report on Wednesday, September 20th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Southwestern Energy in a report on Friday, November 10th. Five analysts have rated the stock with a sell rating, fifteen have given 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 target price of $8.90.
Southwestern Energy (SWN) traded down $0.02 during midday trading on Monday, hitting $5.32. 16,205,355 shares of the company traded hands, compared to its average volume of 17,800,000. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.66. Southwestern Energy has a fifty-two week low of $4.90 and a fifty-two week high of $11.36. The company has a market cap of $2,730.00, a P/E ratio of 8.58 and a beta of 1.23.
Institutional investors have recently made changes to their positions in the stock. Zacks Investment Management acquired a new stake in Southwestern Energy in the 2nd quarter valued at about $105,000. Cetera Investment Advisers acquired a new stake in Southwestern Energy in the 2nd quarter valued at about $108,000. MML Investors Services LLC increased its position in Southwestern Energy by 5.3% in the 2nd quarter. MML Investors Services LLC now owns 17,941 shares of the energy company’s stock valued at $109,000 after acquiring an additional 900 shares in the last quarter. Sciencast Management LP acquired a new stake in Southwestern Energy in the 2nd quarter valued at about $126,000. Finally, HRT Financial LLC acquired a new stake in Southwestern Energy in the 2nd quarter valued at about $127,000. 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.
