StockNews.com Initiates Coverage on Southwestern Energy (NYSE:SWN)

StockNews.com initiated coverage on shares of Southwestern Energy (NYSE:SWN) in a report published on Saturday morning. The brokerage issued a hold rating on the energy company’s stock.

Other analysts have also issued research reports about the company. Piper Sandler reissued a neutral rating and issued a $7.00 target price (down previously from $8.00) on shares of Southwestern Energy in a report on Friday. Mizuho upgraded shares of Southwestern Energy from an underperform rating to a neutral rating and raised their target price for the company from $6.00 to $9.00 in a report on Monday, February 26th. Citigroup upped their price target on shares of Southwestern Energy from $8.00 to $8.24 and gave the company a buy rating in a report on Friday, January 12th. Susquehanna raised their price objective on shares of Southwestern Energy from $6.50 to $7.00 and gave the stock a neutral rating in a research note on Monday, March 4th. Finally, UBS Group upped their target price on 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 assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Southwestern Energy presently has a consensus rating of Hold and a consensus price target of $8.04.

Southwestern Energy Stock Up 0.1 %

SWN stock opened at $7.29 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67. The company’s 50-day moving average price is $7.13 and its 200 day moving average price is $6.82. Southwestern Energy has a 52 week low of $4.57 and a 52 week high of $7.69. The company has a market cap of $8.03 billion, a P/E ratio of 5.17 and a beta of 1.12.

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

Institutional Trading of Southwestern Energy

Hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates lifted its holdings in shares of Southwestern Energy by 14.9% during the 1st quarter. Raymond James & Associates now owns 156,725 shares of the energy company’s stock worth $1,124,000 after acquiring an additional 20,272 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Southwestern Energy by 133.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 139,901 shares of the energy company’s stock worth $1,003,000 after purchasing an additional 80,088 shares during the period. American Century Companies Inc. boosted its holdings in shares of Southwestern Energy by 47.5% in the 1st quarter. American Century Companies Inc. now owns 236,458 shares of the energy company’s stock valued at $1,695,000 after purchasing an additional 76,127 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Southwestern Energy by 184.8% during the 1st quarter. HighTower Advisors LLC now owns 78,456 shares of the energy company’s stock valued at $565,000 after buying an additional 50,904 shares during the period. Finally, Cetera Advisor Networks LLC increased its holdings in shares of Southwestern Energy by 9.5% during the 1st quarter. Cetera Advisor Networks LLC now owns 46,886 shares of the energy company’s stock worth $336,000 after buying an additional 4,051 shares during the last quarter. 86.97% of the stock is owned by institutional investors and hedge funds.

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.