Southwestern Energy (NYSE:SWN) was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating in a report issued on Friday, February 9th, Marketbeat Ratings reports. The firm presently has a $5.85 target price on the energy company’s stock, up from their prior target price of $5.00. B. Riley’s target price indicates a potential upside of 63.41% from the stock’s previous close. B. Riley also issued estimates for Southwestern Energy’s Q4 2017 earnings at $0.22 EPS, FY2017 earnings at $0.53 EPS, Q1 2018 earnings at $0.36 EPS, Q2 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.11 EPS, Q1 2019 earnings at $0.28 EPS, Q1 2019 earnings at $0.41 EPS, Q2 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.40 EPS, Q4 2019 earnings at $0.28 EPS and FY2019 earnings at $1.25 EPS.
A number of other brokerages have also weighed in on SWN. KeyCorp restated a “hold” rating on shares of Southwestern Energy in a report on Friday, November 10th. Mizuho lowered shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a report on Tuesday, November 21st. BMO Capital Markets set a $9.00 price objective on shares of Southwestern Energy and gave the stock a “buy” rating in a report on Tuesday, November 14th. ValuEngine upgraded shares of Southwestern Energy from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Finally, Credit Suisse Group began coverage on shares of Southwestern Energy in a research note on Monday, December 11th. They set a “neutral” rating and a $6.00 target price for the company. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $7.94.
Shares of Southwestern Energy (SWN) traded down $0.13 during midday trading on Friday, reaching $3.58. 15,293,370 shares of the company were exchanged, compared to its average volume of 31,870,000. Southwestern Energy has a 52 week low of $3.42 and a 52 week high of $8.94. The stock has a market cap of $1,830.00, a price-to-earnings ratio of 5.77 and a beta of 0.96. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.88 and a current ratio of 1.88.
Several hedge funds have recently modified their holdings of SWN. Cetera Investment Advisers bought a new stake in shares of Southwestern Energy during the 2nd quarter valued at $108,000. NuWave Investment Management LLC bought a new stake in shares of Southwestern Energy during the 4th quarter valued at $117,000. Stevens Capital Management LP bought a new stake in shares of Southwestern Energy during the 3rd quarter valued at $135,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Southwestern Energy during the 4th quarter valued at $138,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Southwestern Energy during the 4th quarter valued at $166,000. 76.51% of the stock is owned by hedge funds and other institutional investors.
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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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