Zacks Investment Research upgraded shares of Southwestern Energy (NYSE:SWN) from a sell rating to a hold rating in a research note released on Friday, March 16th.
According to Zacks, “Southwestern Energy enjoys strong acreage positions in the Fayetteville and Marcellus shales, which offer ample opportunities for newer natural gas discoveries. The economies of scale help the company drive growth rapidly. We also appreciate the company’s continuous efforts to reduce operating costs. In terms of EV/EBITDA ratio the company seems undervalued. The company’s total proved reserves, as of Dec 31, 2018, was recorded at 14,775 Bcfe, significantly higher than 5,253 Bcfe in the year-earlier period. The efficiency in operations is also reflected through a higher return on capital of 5.8% compred to industry’s 2%. However, Southwestern Energy’s share price has lagged the broader market indices, over the last year. Southwestern Energy lacks a diversified asset base. We also remain concerned about Southwestern Energy’s high debt load.”
Other equities analysts have also issued reports about the company. Cowen set a $8.00 price target on Southwestern Energy and gave the company a buy rating in a research note on Thursday, January 18th. ValuEngine upgraded Southwestern Energy from a hold rating to a buy rating in a research note on Thursday, January 4th. 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 report on Friday, February 9th. TheStreet raised Southwestern Energy from a d rating to a c- rating in a report on Thursday, March 1st. Finally, Royal Bank of Canada set a $7.00 price objective on Southwestern Energy and gave the company a hold rating in a report on Wednesday, December 20th. Eight analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $6.76.
SWN traded down $0.15 on Friday, hitting $4.26. 11,835,803 shares of the stock traded hands, compared to its average volume of 15,992,299. Southwestern Energy has a 52 week low of $3.42 and a 52 week high of $8.55. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $2,588.95, a price-to-earnings ratio of 9.68 and a beta of 0.79.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, March 1st. The energy company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $802.77 million. During the same period in the previous year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. equities research analysts expect that Southwestern Energy will post 0.73 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Southwestern Energy by 0.8% in the 4th quarter. Disciplined Growth Investors Inc. MN now owns 6,879,426 shares of the energy company’s stock worth $38,387,000 after acquiring an additional 51,514 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of Southwestern Energy in the 4th quarter worth approximately $1,809,000. Castleark Management LLC boosted its holdings in shares of Southwestern Energy by 8,157.9% in the 4th quarter. Castleark Management LLC now owns 156,900 shares of the energy company’s stock worth $876,000 after acquiring an additional 155,000 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Southwestern Energy in the 4th quarter worth approximately $263,000. Finally, Bramshill Investments LLC boosted its holdings in shares of Southwestern Energy by 103.4% in the 4th quarter. Bramshill Investments LLC now owns 117,185 shares of the energy company’s stock worth $654,000 after acquiring an additional 59,584 shares in the last quarter. 80.67% 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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