Southwestern Energy Company (NYSE:SWN) had its price objective hoisted by Morgan Stanley from $5.00 to $6.00 in a research note issued on Wednesday, October 18th. The firm currently has an “underweight” rating on the energy company’s stock. Morgan Stanley’s price objective would suggest a potential upside of 10.29% from the company’s current price.
Several other equities analysts have also recently weighed in on SWN. BMO Capital Markets reissued a “buy” rating and issued a $8.00 price target on shares of Southwestern Energy in a research note on Tuesday, June 27th. BidaskClub raised Southwestern Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Scotiabank set a $9.00 price target on Southwestern Energy and gave the company a “hold” rating in a research note on Saturday, July 1st. Barclays PLC reissued a “hold” rating and issued a $6.00 price target on shares of Southwestern Energy in a research note on Friday, July 7th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $10.00 target price on shares of Southwestern Energy in a report on Friday, July 14th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. Southwestern Energy currently has a consensus rating of “Hold” and a consensus target price of $10.90.
Shares of Southwestern Energy (SWN) traded up 5.22% during midday trading on Wednesday, reaching $5.44. 25,768,816 shares of the company were exchanged. The firm’s 50 day moving average is $5.78 and its 200-day moving average is $6.11. The company’s market capitalization is $2.71 billion. Southwestern Energy has a 52-week low of $4.90 and a 52-week high of $12.85.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, October 26th. The energy company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). The company had revenue of $737.00 million during the quarter, compared to analysts’ expectations of $773.99 million. Southwestern Energy had a return on equity of 25.88% and a net margin of 16.31%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 EPS. On average, equities analysts forecast that Southwestern Energy will post $0.48 earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of SWN. BlackRock Inc. grew its holdings in shares of Southwestern Energy by 2,582.8% during the first quarter. BlackRock Inc. now owns 31,270,589 shares of the energy company’s stock worth $255,479,000 after buying an additional 30,105,011 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Southwestern Energy by 939.0% during the first quarter. Point72 Asset Management L.P. now owns 9,696,227 shares of the energy company’s stock worth $79,218,000 after buying an additional 8,762,957 shares in the last quarter. Vanguard Group Inc. grew its stake in Southwestern Energy by 12.1% in the first quarter. Vanguard Group Inc. now owns 59,247,162 shares of the energy company’s stock valued at $484,049,000 after purchasing an additional 6,388,987 shares in the last quarter. Bridgewater Associates LP grew its stake in Southwestern Energy by 117.5% in the second quarter. Bridgewater Associates LP now owns 8,234,921 shares of the energy company’s stock valued at $50,068,000 after purchasing an additional 4,449,396 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in Southwestern Energy by 77.5% in the second quarter. Sterling Capital Management LLC now owns 8,405,909 shares of the energy company’s stock valued at $51,108,000 after purchasing an additional 3,669,743 shares in the last quarter. Institutional investors and hedge funds own 89.49% of the company’s stock.
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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