Southwestern Energy Company (NYSE:SWN) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Tuesday, June 27th.
A number of other equities analysts have also weighed in on SWN. Cowen and Company raised Southwestern Energy from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $14.00 to $11.00 in a research note on Wednesday, April 19th. Stifel Nicolaus initiated coverage on Southwestern Energy in a research report on Thursday, March 23rd. They issued a “buy” rating and a $10.00 target price on the stock. National Securities restated a “buy” rating and set a $14.00 price objective on shares of Southwestern Energy in a research report on Monday, May 1st. Barclays PLC restated an “equal weight” rating and set a $9.00 price objective (down from $10.00) on shares of Southwestern Energy in a research report on Saturday, April 22nd. Finally, Scotiabank set a $10.00 price target on Southwestern Energy and gave the stock a “hold” rating in a report on Monday, March 27th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $13.17.
Shares of Southwestern Energy (NYSE SWN) opened at 6.09 on Tuesday. Southwestern Energy has a 12 month low of $5.46 and a 12 month high of $15.59. The company has a 50 day moving average of $6.34 and a 200-day moving average of $8.10. The firm’s market capitalization is $3.01 billion.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, April 27th. The energy company reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Southwestern Energy had a positive return on equity of 17.89% and a negative net margin of 43.91%. The company had revenue of $846 million during the quarter, compared to analyst estimates of $765.03 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. Southwestern Energy’s revenue was up 46.1% compared to the same quarter last year. Analysts predict that Southwestern Energy will post $0.66 EPS for the current year.
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Hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its stake in Southwestern Energy by 102.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 267,435 shares of the energy company’s stock worth $1,626,000 after buying an additional 135,013 shares in the last quarter. OLD National Bancorp IN raised its stake in Southwestern Energy by 72.5% in the second quarter. OLD National Bancorp IN now owns 69,512 shares of the energy company’s stock worth $423,000 after buying an additional 29,215 shares in the last quarter. Eqis Capital Management Inc. bought a new stake in Southwestern Energy during the second quarter worth $3,393,000. Creative Planning raised its stake in Southwestern Energy by 552.0% in the second quarter. Creative Planning now owns 165,928 shares of the energy company’s stock worth $1,009,000 after buying an additional 140,480 shares in the last quarter. Finally, Confluence Investment Management LLC raised its stake in Southwestern Energy by 48.8% in the second quarter. Confluence Investment Management LLC now owns 34,590 shares of the energy company’s stock worth $210,000 after buying an additional 11,341 shares in the last quarter. 93.32% of the stock is currently owned by institutional investors and hedge funds.
Southwestern Energy Company Profile
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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