Southwestern Energy (NYSE:SWN) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Southwestern Energy (NYSE:SWN) in a report released on Monday. The brokerage set a “hold” rating on the energy company’s stock.

SWN has been the subject of a number of other reports. Citigroup upped their price objective on Southwestern Energy from $8.00 to $8.24 and gave the stock a “buy” rating in a report on Friday, January 12th. Seaport Res Ptn downgraded shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. Piper Sandler reaffirmed a “neutral” rating and issued a $7.00 price objective (down previously from $8.00) on shares of Southwestern Energy in a research note on Friday, April 19th. Mizuho upgraded shares of Southwestern Energy from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $6.00 to $9.00 in a research report on Monday, February 26th. Finally, Susquehanna upped their price target on shares of Southwestern Energy from $7.00 to $7.50 and gave the company a “neutral” rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8.14.

Southwestern Energy Stock Up 0.5 %

SWN stock opened at $7.38 on Monday. Southwestern Energy has a 1-year low of $4.67 and a 1-year high of $7.80. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of -4.24 and a beta of 1.15. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.83. The company’s 50 day moving average is $7.31 and its 200 day moving average is $6.88.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, May 2nd. The energy company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Southwestern Energy had a positive return on equity of 9.00% and a negative net margin of 32.93%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company earned $0.31 EPS. Southwestern Energy’s quarterly revenue was down 33.1% on a year-over-year basis. Sell-side analysts predict that Southwestern Energy will post 0.57 EPS for the current fiscal year.

Institutional Trading of Southwestern Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System bought a new stake in shares of Southwestern Energy during the fourth quarter valued at approximately $2,027,000. Los Angeles Capital Management LLC increased its holdings in Southwestern Energy by 5,710.7% in the 3rd quarter. Los Angeles Capital Management LLC now owns 683,045 shares of the energy company’s stock worth $4,406,000 after buying an additional 671,290 shares in the last quarter. Kimmeridge Energy Management Company LLC purchased a new position in Southwestern Energy in the 4th quarter worth about $120,352,000. American Century Companies Inc. lifted its stake in Southwestern Energy by 27.9% during the 3rd quarter. American Century Companies Inc. now owns 1,073,641 shares of the energy company’s stock valued at $6,925,000 after acquiring an additional 234,132 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in shares of Southwestern Energy by 16.0% during the 3rd quarter. Schroder Investment Management Group now owns 2,180,461 shares of the energy company’s stock valued at $14,064,000 after acquiring an additional 300,574 shares during the last quarter. 86.97% of the stock is currently owned by institutional investors.

About Southwestern Energy

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