Southwestern Energy (SWN) Given New $2.00 Price Target at Morgan Stanley

Southwestern Energy (NYSE:SWN) had its price objective reduced by Morgan Stanley from $4.00 to $2.00 in a report released on Wednesday morning. They currently have an underweight rating on the energy company’s stock.

A number of other brokerages have also recently weighed in on SWN. B. Riley raised Southwestern Energy from a neutral rating to a buy rating and lifted their price objective for the company from $5.00 to $5.85 in a research note on Friday, February 9th. Ladenburg Thalmann Financial Services cut Southwestern Energy from a buy rating to a neutral rating and set a $4.00 price objective for the company. in a research note on Friday, February 9th. Pi Financial cut Southwestern Energy from a market perform rating to an underperform rating in a research note on Wednesday, January 31st. Zacks Investment Research raised Southwestern Energy from a sell rating to a hold rating in a research note on Wednesday, January 31st. Finally, ValuEngine cut Southwestern Energy from a buy rating to a hold rating in a research note on Friday, February 2nd. Eight analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $7.94.

Shares of Southwestern Energy (NYSE SWN) opened at $3.58 on Wednesday. Southwestern Energy has a one year low of $3.42 and a one year high of $8.94. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $1,830.00, a price-to-earnings ratio of 5.77 and a beta of 0.96.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky boosted its position in shares of Southwestern Energy by 50.1% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 84,200 shares of the energy company’s stock worth $512,000 after acquiring an additional 28,100 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Southwestern Energy by 8.9% during the 2nd quarter. Janus Henderson Group PLC now owns 43,900 shares of the energy company’s stock worth $267,000 after acquiring an additional 3,600 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Southwestern Energy by 20.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 743,198 shares of the energy company’s stock worth $4,519,000 after acquiring an additional 125,782 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Southwestern Energy by 1,183.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 151,382 shares of the energy company’s stock worth $920,000 after acquiring an additional 139,585 shares in the last quarter. Finally, Koch Industries Inc. acquired a new position in shares of Southwestern Energy during the 2nd quarter worth about $184,000. 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.

Analyst Recommendations for Southwestern Energy (NYSE:SWN)

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