Southwestern Energy (NYSE:SWN) has been given a $8.00 target price by stock analysts at Cowen in a report issued on Thursday. The firm presently has a “buy” rating on the energy company’s stock. Cowen’s target price indicates a potential upside of 55.64% from the company’s previous close.
A number of other research firms have also recently issued reports on SWN. KeyCorp reissued a “hold” rating on shares of Southwestern Energy in a research note on Friday, November 10th. Mizuho cut Southwestern Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 21st. BMO Capital Markets set a $9.00 target price on Southwestern Energy and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Robert W. Baird reissued a “hold” rating and set a $8.00 target price on shares of Southwestern Energy in a research note on Tuesday, September 26th. Finally, Wolfe Research raised Southwestern Energy from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $6.00 to $7.00 in a research note on Wednesday, September 20th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $8.89.
Southwestern Energy (NYSE SWN) traded down $0.09 during midday trading on Thursday, reaching $5.14. The company had a trading volume of 21,590,472 shares, compared to its average volume of 23,450,000. Southwestern Energy has a twelve month low of $4.90 and a twelve month high of $9.93. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.66. The company has a market cap of $2,630.00, a PE ratio of 8.29 and a beta of 1.23.
Southwestern Energy (NYSE:SWN) last posted its earnings results on Thursday, October 26th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The business had revenue of $737.00 million for the quarter, compared to the consensus estimate of $773.99 million. During the same period in the previous year, the company posted $0.03 earnings per share. Southwestern Energy’s revenue for the quarter was up 13.2% compared to the same quarter last year. analysts anticipate that Southwestern Energy will post 0.43 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of SWN. Schwab Charles Investment Management Inc. grew its stake in shares of Southwestern Energy by 26.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,038,414 shares of the energy company’s stock worth $18,474,000 after acquiring an additional 635,222 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Southwestern Energy by 175.5% during the 2nd quarter. Principal Financial Group Inc. now owns 2,146,056 shares of the energy company’s stock worth $13,049,000 after acquiring an additional 1,367,151 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Southwestern Energy by 99.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 73,828 shares of the energy company’s stock worth $449,000 after acquiring an additional 36,890 shares in the last quarter. Eaton Vance Management grew its stake in shares of Southwestern Energy by 1.9% during the 2nd quarter. Eaton Vance Management now owns 77,522 shares of the energy company’s stock worth $471,000 after acquiring an additional 1,445 shares in the last quarter. Finally, Stephens Inc. AR grew its stake in shares of Southwestern Energy by 7.6% during the 2nd quarter. Stephens Inc. AR now owns 44,014 shares of the energy company’s stock worth $268,000 after acquiring an additional 3,123 shares in the last quarter. 88.55% of the stock is owned by institutional investors.
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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.