Southwestern Energy (NYSE:SWN) PT Raised to $7.60

Southwestern Energy (NYSE:SWN) had its price target raised by Stifel Nicolaus from $6.60 to $7.60 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the energy company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 0.07% from the stock’s current price.

Several other research firms also recently issued reports on SWN. Mizuho raised Southwestern Energy from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $6.00 to $9.00 in a research note on Monday, February 26th. StockNews.com initiated coverage on shares of Southwestern Energy in a research note on Saturday, April 20th. They issued a “hold” rating for the company. Scotiabank downgraded shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and boosted their target price for the company from $9.00 to $9.50 in a research note on Thursday, April 11th. Seaport Res Ptn downgraded shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. Finally, UBS Group boosted their target price on shares of Southwestern Energy from $6.00 to $6.25 and gave the company a “neutral” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.14.

Southwestern Energy Trading Up 2.8 %

NYSE:SWN opened at $7.60 on Tuesday. The company has a market capitalization of $8.37 billion, a PE ratio of 5.39 and a beta of 1.12. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.67. Southwestern Energy has a 52-week low of $4.57 and a 52-week high of $7.69. The stock has a fifty day simple moving average of $7.20 and a 200-day simple moving average of $6.85.

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

Institutional Trading of Southwestern Energy

A number of institutional investors have recently modified their holdings of SWN. Kimmeridge Energy Management Company LLC purchased a new stake in shares of Southwestern Energy during the 4th quarter worth about $120,352,000. FMR LLC grew its holdings in shares of Southwestern Energy by 32.3% during the 3rd quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock worth $256,613,000 after purchasing an additional 9,709,483 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Southwestern Energy by 11,994.8% during the 3rd quarter. Mackenzie Financial Corp now owns 2,803,943 shares of the energy company’s stock worth $17,132,000 after purchasing an additional 2,780,760 shares during the period. Invesco Ltd. grew its holdings in shares of Southwestern Energy by 13.7% during the 3rd quarter. Invesco Ltd. now owns 22,735,475 shares of the energy company’s stock worth $146,644,000 after purchasing an additional 2,744,656 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Southwestern Energy by 55.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,330,974 shares of the energy company’s stock worth $41,468,000 after purchasing an additional 2,268,429 shares during the period. Hedge funds and other institutional investors own 86.97% of the company’s stock.

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.