Mitsubishi UFJ Financial Group Reaffirms Neutral Rating for Southwestern Energy (SWN)

Southwestern Energy (NYSE:SWN)‘s stock had its “neutral” rating reissued by analysts at Mitsubishi UFJ Financial Group in a note issued to investors on Monday.

Several other analysts have also recently commented on the company. Cowen set a $8.00 target price on Southwestern Energy and gave the company a “buy” rating in a report on Thursday, January 18th. Zacks Investment Research upgraded Southwestern Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. ValuEngine upgraded Southwestern Energy from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Royal Bank of Canada set a $7.00 target price on Southwestern Energy and gave the company a “hold” rating in a report on Wednesday, December 20th. Finally, Mizuho cut Southwestern Energy from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 16th. Eight research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $8.14.

Shares of Southwestern Energy (SWN) opened at $3.55 on Monday. Southwestern Energy has a twelve month low of $3.42 and a twelve month high of $9.14. The company has a market capitalization of $1,820.00, a P/E ratio of 5.73 and a beta of 0.96. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.66.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC lifted its stake in Southwestern Energy by 8.9% in the second quarter. Janus Henderson Group PLC now owns 43,900 shares of the energy company’s stock valued at $267,000 after buying an additional 3,600 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Southwestern Energy by 4.0% during the third quarter. Oppenheimer & Co. Inc. now owns 237,526 shares of the energy company’s stock worth $1,451,000 after purchasing an additional 9,150 shares during the period. Nationwide Fund Advisors raised its position in shares of Southwestern Energy by 0.8% during the third quarter. Nationwide Fund Advisors now owns 1,332,653 shares of the energy company’s stock worth $8,143,000 after purchasing an additional 11,162 shares during the period. Hartford Investment Management Co. raised its position in shares of Southwestern Energy by 53.0% during the third quarter. Hartford Investment Management Co. now owns 33,200 shares of the energy company’s stock worth $203,000 after purchasing an additional 11,500 shares during the period. Finally, HAP Trading LLC raised its position in shares of Southwestern Energy by 38.4% during the third quarter. HAP Trading LLC now owns 50,822 shares of the energy company’s stock worth $311,000 after purchasing an additional 14,091 shares during the period. 76.51% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Mitsubishi UFJ Financial Group Reaffirms Neutral Rating for Southwestern Energy (SWN)” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/14/mitsubishi-ufj-financial-group-reaffirms-neutral-rating-for-southwestern-energy-swn.html.

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.

Analyst Recommendations for Southwestern Energy (NYSE:SWN)

Receive News & Ratings for Southwestern Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwestern Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply