Southwestern Energy (NYSE:SWN) has been assigned a $8.00 target price by equities researchers at Cowen in a report issued on Thursday. The brokerage currently has a “buy” rating on the energy company’s stock. Cowen’s price objective suggests a potential upside of 52.96% from the stock’s previous close.
A number of other equities research analysts also recently commented on the company. Royal Bank of Canada set a $7.00 price objective on Southwestern Energy and gave the company a “hold” rating in a research report on Wednesday, December 20th. Credit Suisse Group began coverage on Southwestern Energy in a research report on Monday, December 11th. They set a “neutral” rating and a $6.00 price objective for the company. KeyCorp reissued a “hold” rating on shares of Southwestern Energy in a research note on Friday, November 10th. Scotiabank set a $8.00 target price on shares of Southwestern Energy and gave the company a “hold” rating in a research note on Saturday, October 21st. Finally, Barclays cut their target price on shares of Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 11th. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $8.89.
Shares of Southwestern Energy (NYSE:SWN) opened at $5.23 on Thursday. Southwestern Energy has a 52-week low of $4.90 and a 52-week high of $9.93. The company has a market capitalization of $3,177.97, a price-to-earnings ratio of 8.30 and a beta of 1.23. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.88 and a current ratio of 1.88.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, October 26th. The energy company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Southwestern Energy had a net margin of 16.31% and a return on equity of 23.99%. The company had revenue of $737.00 million for the quarter, compared to analyst estimates of $773.99 million. During the same quarter last year, the company posted $0.03 EPS. Southwestern Energy’s revenue was up 13.2% on a year-over-year basis. sell-side analysts forecast that Southwestern Energy will post 0.43 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Zacks Investment Management acquired a new position in shares of Southwestern Energy in the second quarter worth $105,000. Cetera Investment Advisers acquired a new position in shares of Southwestern Energy in the second quarter worth $108,000. MML Investors Services LLC increased its stake in shares of Southwestern Energy by 5.3% in the second quarter. MML Investors Services LLC now owns 17,941 shares of the energy company’s stock worth $109,000 after acquiring an additional 900 shares during the last quarter. Sciencast Management LP acquired a new position in shares of Southwestern Energy in the second quarter worth $126,000. Finally, Mariner Wealth Advisors LLC increased its stake in shares of Southwestern Energy by 2.6% in the second quarter. Mariner Wealth Advisors LLC now owns 21,009 shares of the energy company’s stock worth $128,000 after acquiring an additional 541 shares during the last quarter. 88.55% of the stock is currently owned by institutional investors and hedge funds.
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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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