Southwestern Energy (NYSE:SWN) had its target price reduced by Morgan Stanley from $4.00 to $2.00 in a note issued to investors on Wednesday. The brokerage currently has an “underweight” rating on the energy company’s stock. Morgan Stanley’s price objective suggests a potential downside of 45.50% from the company’s current price.
SWN has been the subject of a number of other reports. Scotiabank set a $8.00 target price on Southwestern Energy and gave the company a “hold” rating in a research note on Saturday, October 21st. Cowen set a $8.00 target price on Southwestern Energy and gave the company a “buy” rating in a research note on Thursday, January 18th. Zacks Investment Research lowered Southwestern Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. ValuEngine upgraded Southwestern Energy from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Finally, Raymond James Financial lowered Southwestern Energy from a “market perform” rating to an “underperform” rating in a research note on Tuesday, January 30th. Eight equities 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 stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.94.
Shares of Southwestern Energy (SWN) traded up $0.12 during midday trading on Wednesday, hitting $3.67. The company had a trading volume of 31,694,544 shares, compared to its average volume of 31,150,000. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $1,880.00, a price-to-earnings ratio of 5.92 and a beta of 0.96. Southwestern Energy has a twelve month low of $3.42 and a twelve month high of $9.14.
ILLEGAL ACTIVITY WARNING: “Southwestern Energy (SWN) Price Target Cut to $2.00” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/02/14/southwestern-energy-swn-price-target-cut-to-2-00.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.
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.