Southwestern Energy Co. (SWN) Receives New Coverage from Analysts at Mizuho
Mizuho assumed coverage on shares of Southwestern Energy Co. (NYSE:SWN) in a research note issued to investors on Wednesday, The Fly reports. The firm set a “buy” rating on the energy company’s stock.
SWN has been the topic of several other reports. KLR Group lowered shares of Southwestern Energy from an “accumulate” rating to a “hold” rating and set a $13.00 price target on the stock. in a research report on Tuesday, June 7th. Bank of America Corp. restated a “hold” rating and issued a $16.00 price target on shares of Southwestern Energy in a research report on Friday, June 10th. Vetr upgraded shares of Southwestern Energy from a “sell” rating to a “buy” rating and set a $13.70 price target on the stock in a research report on Monday, June 13th. Credit Suisse Group AG restated a “neutral” rating and issued a $9.00 price target (up from $8.00) on shares of Southwestern Energy in a research report on Tuesday, June 14th. Finally, Barclays PLC raised their price target on shares of Southwestern Energy from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 14th. Five research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Southwestern Energy currently has a consensus rating of “Hold” and an average target price of $12.38.
Southwestern Energy (NYSE:SWN) traded up 1.24% on Wednesday, reaching $13.91. 9,668,726 shares of the company’s stock traded hands. The stock’s market capitalization is $5.39 billion. Southwestern Energy has a 52-week low of $5.00 and a 52-week high of $15.59. The firm’s 50-day moving average is $14.05 and its 200 day moving average is $12.70.
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, beating analysts’ consensus estimates of ($0.10) by $0.01. Southwestern Energy had a negative net margin of 220.65% and a negative return on equity of 1.99%. The business had revenue of $522 million for the quarter, compared to analyst estimates of $517.49 million. Analysts forecast that Southwestern Energy will post $0.05 EPS for the current year.
In other news, Director Gregory D. Kerley sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $14.34, for a total value of $172,080.00. Following the completion of the transaction, the director now owns 312,064 shares in the company, valued at $4,474,997.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.16% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors boosted its position in Southwestern Energy by 25.7% in the second quarter. Capital Research Global Investors now owns 55,881,426 shares of the energy company’s stock valued at $702,988,000 after buying an additional 11,428,991 shares during the period. Vanguard Group Inc. boosted its position in Southwestern Energy by 23.2% in the second quarter. Vanguard Group Inc. now owns 43,459,895 shares of the energy company’s stock valued at $546,724,000 after buying an additional 8,190,765 shares during the period. Bank of Montreal Can bought a new position in Southwestern Energy during the second quarter valued at $91,593,000. Senator Investment Group LP bought a new position in Southwestern Energy during the second quarter valued at $88,060,000. Finally, Point72 Asset Management L.P. bought a new position in Southwestern Energy during the second quarter valued at $59,398,000. Institutional investors own 98.78% of the company’s stock.
About Southwestern Energy
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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