Royal Bank of Canada Analysts Give Southwestern Energy (SWN) a $6.00 Price Target

Southwestern Energy (NYSE:SWN) has been assigned a $6.00 price target by Royal Bank of Canada in a research note issued on Thursday. The brokerage currently has a “hold” rating on the energy company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 62.60% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Ladenburg Thalmann Financial Services cut Southwestern Energy from a “buy” rating to a “neutral” rating and set a $4.00 price target on the stock. in a research report on Friday. B. Riley upgraded Southwestern Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $5.00 to $5.85 in a research report on Friday. Zacks Investment Research cut Southwestern Energy from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine cut Southwestern Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Goldman Sachs Group cut Southwestern Energy from a “neutral” rating to a “sell” rating in a research report on Thursday, February 1st. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.14.

Shares of Southwestern Energy (NYSE SWN) traded up $0.05 during mid-day trading on Thursday, reaching $3.69. The company had a trading volume of 43,000,000 shares, compared to its average volume of 31,935,558. The firm has a market cap of $2,138.23, a PE ratio of 5.86 and a beta of 0.96. Southwestern Energy has a 1 year low of $3.42 and a 1 year high of $9.15. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.88 and a quick ratio of 1.88.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ARP Americas LP acquired a new stake in shares of Southwestern Energy in the 4th quarter worth approximately $661,000. American International Group Inc. grew its holdings in shares of Southwestern Energy by 1.7% in the 4th quarter. American International Group Inc. now owns 1,074,702 shares of the energy company’s stock worth $5,997,000 after acquiring an additional 18,442 shares during the period. Systematic Financial Management LP acquired a new stake in shares of Southwestern Energy in the 4th quarter worth approximately $1,333,000. Schroder Investment Management Group acquired a new stake in shares of Southwestern Energy in the 4th quarter worth approximately $729,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Southwestern Energy by 10.0% in the 4th quarter. Bank of New York Mellon Corp now owns 6,678,572 shares of the energy company’s stock worth $37,267,000 after acquiring an additional 604,783 shares during the period. Institutional investors and hedge funds own 77.27% of the company’s stock.

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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.

Analyst Recommendations for Southwestern Energy (NYSE:SWN)

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