Southwestern Energy (NYSE:SWN) Rating Increased to Neutral at UBS Group

Southwestern Energy (NYSE:SWN) was upgraded by analysts at UBS Group from a “sell” rating to a “neutral” rating in a research note issued to investors on Wednesday, The Fly reports.

Several other analysts have also issued reports on SWN. Mitsubishi UFJ Financial Group lowered their price target on shares of Southwestern Energy to $3.50 and set a “neutral” rating on the stock in a research report on Monday. Evercore ISI set a $6.00 price target on shares of Southwestern Energy and gave the company a “hold” rating in a research report on Wednesday, August 7th. Bank of America reissued an “underperform” rating and issued a $2.50 price target (down previously from $3.00) on shares of Southwestern Energy in a research report on Wednesday, August 7th. B. Riley reissued a “buy” rating and issued a $6.50 price target (down previously from $7.30) on shares of Southwestern Energy in a research report on Friday, May 17th. Finally, Morgan Stanley set a $2.00 target price on shares of Southwestern Energy and gave the stock a “sell” rating in a report on Monday, June 24th. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $4.43.

NYSE SWN opened at $1.80 on Wednesday. The company has a 50 day simple moving average of $2.47. Southwestern Energy has a 12-month low of $1.64 and a 12-month high of $6.23. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 1.76, a P/E/G ratio of 0.34 and a beta of 1.02.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). Southwestern Energy had a net margin of 26.70% and a return on equity of 19.16%. The business had revenue of $667.00 million during the quarter, compared to the consensus estimate of $851.21 million. During the same period last year, the firm earned $0.18 EPS. The business’s revenue for the quarter was down 18.3% on a year-over-year basis. As a group, equities research analysts expect that Southwestern Energy will post 0.62 earnings per share for the current fiscal year.

In related news, CFO Julian Mark Bott purchased 25,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was acquired at an average price of $1.90 per share, with a total value of $47,500.00. Following the purchase, the chief financial officer now directly owns 25,000 shares in the company, valued at $47,500. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider William J. Way purchased 100,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was bought at an average cost of $1.91 per share, with a total value of $191,000.00. Following the purchase, the insider now owns 771,362 shares in the company, valued at $1,473,301.42. The disclosure for this purchase can be found here. Corporate insiders own 0.66% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake in Southwestern Energy by 827.4% during the second quarter. Tower Research Capital LLC TRC now owns 7,883 shares of the energy company’s stock worth $25,000 after buying an additional 7,033 shares during the period. Wetherby Asset Management Inc. purchased a new stake in shares of Southwestern Energy during the second quarter valued at $45,000. Signaturefd LLC boosted its stake in shares of Southwestern Energy by 325.7% during the second quarter. Signaturefd LLC now owns 16,593 shares of the energy company’s stock valued at $52,000 after purchasing an additional 12,695 shares during the period. Stevens Capital Management LP purchased a new stake in shares of Southwestern Energy during the first quarter valued at $54,000. Finally, Eidelman Virant Capital purchased a new stake in shares of Southwestern Energy during the second quarter valued at $63,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Southwestern Energy Company Profile

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

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Analyst Recommendations for Southwestern Energy (NYSE:SWN)

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