Southwestern Energy (SWN) Price Target Cut to $2.00

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.

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in Southwestern Energy by 2,243.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,435,577 shares of the energy company’s stock valued at $14,882,000 after acquiring an additional 2,331,644 shares during the period. Shell Asset Management Co. bought a new stake in shares of Southwestern Energy during the third quarter worth $1,880,000. Wedge Capital Management L L P NC grew its holdings in shares of Southwestern Energy by 11.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 2,714,953 shares of the energy company’s stock worth $15,149,000 after purchasing an additional 271,913 shares during the last quarter. Brookfield Asset Management Inc. bought a new stake in shares of Southwestern Energy during the second quarter worth $3,040,000. Finally, AMG National Trust Bank grew its holdings in shares of Southwestern Energy by 325.5% during the third quarter. AMG National Trust Bank now owns 258,138 shares of the energy company’s stock worth $1,578,000 after purchasing an additional 197,465 shares during the last quarter. Hedge funds and other institutional investors own 76.51% of the company’s stock.

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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.

Analyst Recommendations for Southwestern Energy (NYSE:SWN)

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