ValuEngine upgraded shares of Southwestern Energy (NYSE:SWN) from a hold rating to a buy rating in a report issued on Thursday.
Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets set a $9.00 price target on Southwestern Energy and gave the company a buy rating in a research note on Tuesday, November 14th. Stifel Nicolaus reissued a buy rating on shares of Southwestern Energy in a research note on Thursday, September 14th. Cowen reissued a buy rating and issued a $9.00 price target on shares of Southwestern Energy in a research note on Tuesday, September 12th. Barclays lowered their price target on Southwestern Energy from $6.00 to $5.00 and set an equal weight rating for the company in a research note on Wednesday, October 11th. Finally, KeyCorp reissued a hold rating on shares of Southwestern Energy in a research note on Friday, November 10th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company’s stock. Southwestern Energy presently has an average rating of Hold and a consensus target price of $8.89.
Shares of Southwestern Energy (NYSE:SWN) traded down $0.27 during midday trading on Thursday, hitting $5.59. The company had a trading volume of 21,605,700 shares, compared to its average volume of 24,736,625. The company has a market cap of $2,830.00, a PE ratio of 9.02 and a beta of 1.23. Southwestern Energy has a 1-year low of $4.90 and a 1-year high of $10.45. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.66.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, October 26th. The energy company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). The firm had revenue of $737.00 million during the quarter, compared to the consensus estimate of $773.99 million. Southwestern Energy had a net margin of 16.31% and a return on equity of 23.99%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 EPS. analysts predict that Southwestern Energy will post 0.44 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in SWN. Schwab Charles Investment Management Inc. boosted its position in Southwestern Energy by 26.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 3,038,414 shares of the energy company’s stock worth $18,474,000 after purchasing an additional 635,222 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Southwestern Energy by 27.1% in the second quarter. Bank of New York Mellon Corp now owns 5,769,507 shares of the energy company’s stock valued at $35,078,000 after acquiring an additional 1,231,562 shares during the period. Comerica Bank boosted its position in shares of Southwestern Energy by 179.4% in the second quarter. Comerica Bank now owns 426,455 shares of the energy company’s stock valued at $2,405,000 after acquiring an additional 273,824 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Southwestern Energy by 8.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 694,414 shares of the energy company’s stock valued at $4,222,000 after acquiring an additional 52,009 shares during the period. Finally, Federated Investors Inc. PA boosted its position in shares of Southwestern Energy by 5,800.1% in the second quarter. Federated Investors Inc. PA now owns 312,116 shares of the energy company’s stock valued at $1,898,000 after acquiring an additional 306,826 shares during the period. 88.52% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: This article was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2018/01/08/southwestern-energy-swn-upgraded-at-valuengine.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Southwestern Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwestern Energy and related companies with MarketBeat.com's FREE daily email newsletter.