Royal Bank Of Canada set a $8.00 target price on Southwestern Energy Company (NYSE:SWN) in a research report report published on Tuesday morning. The firm currently has a hold rating on the energy company’s stock.
Several other research analysts have also issued reports on the company. Scotiabank set a $8.00 price target on Southwestern Energy and gave the stock a hold rating in a report on Monday, August 7th. BidaskClub upgraded Southwestern Energy from a strong sell rating to a sell rating in a report on Thursday, August 3rd. Zacks Investment Research lowered Southwestern Energy from a hold rating to a sell rating in a report on Thursday, July 27th. Citigroup Inc. cut their price target on Southwestern Energy from $9.00 to $8.00 and set a buy rating on the stock in a report on Friday, July 21st. Finally, Cowen and Company set a $9.00 price target on Southwestern Energy and gave the stock a buy rating in a report on Wednesday, July 19th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Southwestern Energy currently has a consensus rating of Hold and an average target price of $12.55.
Shares of Southwestern Energy (SWN) opened at 5.34 on Tuesday. The company’s market cap is $2.66 billion. The firm has a 50-day moving average price of $5.75 and a 200 day moving average price of $7.14. Southwestern Energy has a 1-year low of $5.00 and a 1-year high of $15.59.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.08. The firm had revenue of $811 million during the quarter, compared to the consensus estimate of $810 million. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The firm’s revenue was up 55.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.09) EPS. On average, equities analysts anticipate that Southwestern Energy will post $0.55 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its stake in Southwestern Energy by 4.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,680 shares of the energy company’s stock worth $180,000 after buying an additional 650 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Southwestern Energy by 5.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,350,731 shares of the energy company’s stock worth $14,615,000 after buying an additional 68,751 shares in the last quarter. Teachers Advisors LLC increased its stake in Southwestern Energy by 8.9% in the fourth quarter. Teachers Advisors LLC now owns 587,117 shares of the energy company’s stock worth $6,353,000 after buying an additional 48,021 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in Southwestern Energy during the fourth quarter worth about $385,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Southwestern Energy during the fourth quarter worth about $172,000. 93.62% of the stock is owned by institutional investors and hedge funds.
About Southwestern Energy
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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