Southwestern Energy (NYSE:SWN) Earns “Neutral” Rating from Piper Sandler

Piper Sandler restated their neutral rating on shares of Southwestern Energy (NYSE:SWN) in a research report released on Friday morning, Marketbeat.com reports. They currently have a $7.00 target price on the energy company’s stock, down from their prior target price of $8.00.

Other equities analysts also recently issued reports about the stock. Seaport Res Ptn downgraded shares of Southwestern Energy from a buy rating to a neutral rating in a report on Wednesday, January 31st. UBS Group boosted their price target on shares of Southwestern Energy from $6.00 to $6.25 and gave the stock a neutral rating in a report on Thursday, January 18th. Susquehanna boosted their price target on shares of Southwestern Energy from $6.50 to $7.00 and gave the stock a neutral rating in a report on Monday, March 4th. StockNews.com initiated coverage on shares of Southwestern Energy in a report on Friday, April 12th. They issued a hold rating on the stock. Finally, Citigroup boosted their price target on shares of Southwestern Energy from $8.00 to $8.24 and gave the stock a buy rating in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $8.04.

Southwestern Energy Price Performance

SWN opened at $7.29 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $8.03 billion, a price-to-earnings ratio of 5.17 and a beta of 1.12. The firm’s fifty day moving average price is $7.13 and its two-hundred day moving average price is $6.82. Southwestern Energy has a 1 year low of $4.57 and a 1 year high of $7.69.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.29 billion. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The firm’s quarterly revenue was down 49.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. As a group, analysts anticipate that Southwestern Energy will post 0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Southwestern Energy

Institutional investors have recently added to or reduced their stakes in the business. Fruth Investment Management increased its position in shares of Southwestern Energy by 14.4% during the first quarter. Fruth Investment Management now owns 12,236 shares of the energy company’s stock valued at $92,000 after buying an additional 1,536 shares during the period. Lindbrook Capital LLC increased its position in shares of Southwestern Energy by 30.2% during the fourth quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock valued at $44,000 after buying an additional 1,564 shares during the period. Creative Planning increased its position in shares of Southwestern Energy by 2.0% during the fourth quarter. Creative Planning now owns 81,202 shares of the energy company’s stock valued at $532,000 after buying an additional 1,592 shares during the period. D.A. Davidson & CO. increased its position in shares of Southwestern Energy by 7.2% during the first quarter. D.A. Davidson & CO. now owns 24,715 shares of the energy company’s stock valued at $177,000 after buying an additional 1,668 shares during the period. Finally, Teacher Retirement System of Texas increased its position in shares of Southwestern Energy by 0.5% during the third quarter. Teacher Retirement System of Texas now owns 352,696 shares of the energy company’s stock valued at $2,275,000 after buying an additional 1,889 shares during the period. 86.97% of the stock is owned by hedge funds and other institutional investors.

Southwestern Energy Company Profile

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.