Southwestern Energy Company (NYSE:SWN)‘s stock had its “hold” rating reiterated by equities researchers at KeyCorp in a research note issued on Friday.
Several other research firms have also recently commented on SWN. Cowen and Company set a $9.00 price target on shares of Southwestern Energy and gave the company a “buy” rating in a report on Wednesday, July 19th. Citigroup Inc. lowered their price target on shares of Southwestern Energy from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Stifel Nicolaus restated a “buy” rating on shares of Southwestern Energy in a report on Thursday, September 14th. BidaskClub upgraded shares of Southwestern Energy from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Finally, Barclays PLC lowered their price target on shares of Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. Southwestern Energy has a consensus rating of “Hold” and an average target price of $10.95.
Southwestern Energy (SWN) opened at $6.67 on Friday. Southwestern Energy has a 52-week low of $4.90 and a 52-week high of $12.85. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market cap of $3,325.64, a P/E ratio of 16.23 and a beta of 1.17.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, October 26th. The energy company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The firm had revenue of $737.00 million for the quarter, compared to analysts’ expectations of $773.99 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. equities analysts anticipate that Southwestern Energy will post 0.49 earnings per share for the current year.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in shares of Southwestern Energy by 7.8% during the third quarter. Wells Fargo & Company MN now owns 501,793 shares of the energy company’s stock valued at $3,065,000 after buying an additional 36,092 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in shares of Southwestern Energy during the third quarter valued at about $3,160,000. JPMorgan Chase & Co. raised its position in shares of Southwestern Energy by 73.7% during the third quarter. JPMorgan Chase & Co. now owns 927,995 shares of the energy company’s stock valued at $5,698,000 after buying an additional 393,619 shares during the last quarter. Legal & General Group Plc raised its position in Southwestern Energy by 5.5% in the third quarter. Legal & General Group Plc now owns 691,197 shares of the energy company’s stock worth $4,224,000 after purchasing an additional 36,156 shares in the last quarter. Finally, Van Hulzen Asset Management LLC acquired a new position in Southwestern Energy in the third quarter worth about $272,000. 89.51% 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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