Southwestern Energy Co. (SWN) Trading Up 4.5%
Southwestern Energy Co. (NYSE:SWN) shares were up 4.5% during mid-day trading on Friday . The company traded as high as $14.81 and last traded at $14.73, with a volume of 10,331,569 shares traded. The stock had previously closed at $14.09.
A number of research analysts recently issued reports on SWN shares. Zacks Investment Research upgraded Southwestern Energy from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Tuesday, July 26th. KLR Group increased their price objective on Southwestern Energy from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Monday, June 13th. Jefferies Group reiterated a “sell” rating on shares of Southwestern Energy in a report on Thursday, June 30th. Nomura reiterated a “hold” rating and set a $13.00 price objective on shares of Southwestern Energy in a report on Tuesday, July 5th. Finally, Tudor Pickering upgraded Southwestern Energy from a “hold” rating to a “buy” rating in a report on Wednesday, June 29th. Five research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.40.
The firm has a 50 day moving average price of $13.83 and a 200 day moving average price of $11.37. The stock’s market cap is $5.57 billion.
Southwestern Energy (NYSE:SWN) last posted its earnings results on Friday, July 22nd. The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The company had revenue of $522 million for the quarter, compared to analysts’ expectations of $517.49 million. Equities research analysts forecast that Southwestern Energy Co. will post $0.06 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Southwestern Energy stock. Bank of Montreal Can increased its stake in Southwestern Energy Co. (NYSE:SWN) by 277.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 226,993 shares of the energy company’s stock after buying an additional 166,920 shares during the period. Bank of Montreal Can owned approximately 0.06% of Southwestern Energy worth $1,614,000 as of its most recent SEC filing.
Southwestern Energy Company is an independent 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 are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.
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