Southwestern Energy (NYSE:SWN) Hits New 52-Week High at $7.70

Southwestern Energy (NYSE:SWN)’s share price hit a new 52-week high on Friday . The company traded as high as $7.70 and last traded at $7.69, with a volume of 5539660 shares changing hands. The stock had previously closed at $7.65.

Analyst Ratings Changes

SWN has been the subject of a number of research reports. Seaport Res Ptn downgraded shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. Piper Sandler reissued a “neutral” rating and issued a $7.00 price target (down from $8.00) on shares of Southwestern Energy in a report on Friday, April 19th. Scotiabank downgraded shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and increased their price target for the company from $9.00 to $9.50 in a report on Thursday, April 11th. StockNews.com initiated coverage on shares of Southwestern Energy in a report on Sunday. They issued a “hold” rating for the company. Finally, Mizuho raised shares of Southwestern Energy from an “underperform” rating to a “neutral” rating and increased their price target for the company from $6.00 to $9.00 in a report on Monday, February 26th. One equities 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, Southwestern Energy currently has a consensus rating of “Hold” and an average target price of $8.14.

Southwestern Energy Stock Up 0.8 %

The stock has a market capitalization of $8.49 billion, a P/E ratio of 5.47 and a beta of 1.12. The firm’s fifty day moving average is $7.24 and its 200-day moving average is $6.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted $0.26 EPS. The firm’s quarterly revenue was down 49.9% on a year-over-year basis. As a group, equities research analysts predict that Southwestern Energy will post 0.57 earnings per share for the current year.

Hedge Funds Weigh In On Southwestern Energy

Several institutional investors have recently added to or reduced their stakes in SWN. Rise Advisors LLC bought a new position in Southwestern Energy during the 1st quarter valued at about $25,000. Parkside Financial Bank & Trust increased its position in Southwestern Energy by 481.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock valued at $30,000 after acquiring an additional 3,854 shares in the last quarter. Pingora Partners LLC acquired a new stake in Southwestern Energy in the 4th quarter valued at about $30,000. Quantbot Technologies LP acquired a new stake in Southwestern Energy in the 3rd quarter valued at about $39,000. Finally, Lindbrook Capital LLC increased its position in Southwestern Energy by 30.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock valued at $44,000 after acquiring an additional 1,564 shares in the last quarter. 86.97% of the stock is owned by 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.