Piper Jaffray set a $6.00 price objective on Southwestern Energy (NYSE:SWN) in a report published on Wednesday, March 14th. The brokerage currently has a hold rating on the energy company’s stock.
Several other research firms have also recently weighed in on SWN. Mizuho cut Southwestern Energy from a buy rating to a neutral rating in a research report on Tuesday, November 21st. BMO Capital Markets set a $9.00 price target on Southwestern Energy and gave the company a buy rating in a research report on Tuesday, November 14th. ValuEngine raised Southwestern Energy from a hold rating to a buy rating in a research report on Thursday, January 4th. Credit Suisse Group began coverage on Southwestern Energy in a research note on Monday, December 11th. They issued a neutral rating and a $6.00 price objective on the stock. Finally, Zacks Investment Research lowered Southwestern Energy from a hold rating to a sell rating in a research note on Wednesday, January 24th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $6.76.
NYSE SWN traded down $0.15 on Wednesday, reaching $4.26. The company had a trading volume of 11,835,803 shares, compared to its average volume of 15,992,299. The company has a market capitalization of $2,500.89, a PE ratio of 9.68 and a beta of 0.79. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 2.22. Southwestern Energy has a 52 week low of $3.42 and a 52 week high of $8.55.
Southwestern Energy (NYSE:SWN) last posted its earnings results on Thursday, March 1st. The energy company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Southwestern Energy had a return on equity of 21.54% and a net margin of 30.57%. The firm had revenue of $809.00 million during the quarter, compared to analysts’ expectations of $802.77 million. During the same period in the previous year, the firm earned $0.08 earnings per share. The company’s revenue was up 18.3% on a year-over-year basis. sell-side analysts predict that Southwestern Energy will post 0.73 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Southwestern Energy by 2,243.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,435,577 shares of the energy company’s stock worth $14,882,000 after purchasing an additional 2,331,644 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Southwestern Energy by 290.7% in the 3rd quarter. Prudential Financial Inc. now owns 1,636,706 shares of the energy company’s stock worth $10,000,000 after acquiring an additional 1,217,824 shares in the last quarter. Encompass Capital Advisors LLC raised its position in shares of Southwestern Energy by 10.9% in the 4th quarter. Encompass Capital Advisors LLC now owns 8,800,000 shares of the energy company’s stock worth $49,104,000 after acquiring an additional 862,553 shares in the last quarter. First Quadrant L P CA raised its position in shares of Southwestern Energy by 46.8% in the 4th quarter. First Quadrant L P CA now owns 2,607,273 shares of the energy company’s stock worth $14,549,000 after acquiring an additional 830,964 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its position in shares of Southwestern Energy by 784.8% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 930,490 shares of the energy company’s stock worth $5,684,000 after acquiring an additional 825,332 shares in the last quarter. 80.67% of the stock is currently owned by 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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