Southwestern Energy’s (NYSE:SWN) Hold Rating Reaffirmed at Royal Bank Of Canada
Royal Bank Of Canada restated their hold rating on shares of Southwestern Energy Company (NYSE:SWN) in a report published on Friday morning. Royal Bank Of Canada currently has a $10.00 price objective on the energy company’s stock.
Other equities research analysts also recently issued research reports about the company. Mitsubishi UFJ Financial Group set a $10.00 price target on Southwestern Energy and gave the stock a hold rating in a report on Saturday, March 18th. Scotiabank set a $9.00 price objective on Southwestern Energy and gave the company a hold rating in a report on Saturday, July 1st. BidaskClub upgraded Southwestern Energy from a strong sell rating to a sell rating in a report on Tuesday, June 27th. Jefferies Group LLC reiterated a hold rating and issued a $8.00 price objective on shares of Southwestern Energy in a report on Tuesday, April 4th. Finally, Iberia Capital increased their price objective on Southwestern Energy from $9.00 to $10.00 and gave the company a sector perform rating in a report on Tuesday, May 2nd. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $13.17.
Shares of Southwestern Energy (NYSE SWN) traded up 1.33% during midday trading on Friday, reaching $6.09. The company’s stock had a trading volume of 11,439,996 shares. The stock’s 50-day moving average price is $6.34 and its 200-day moving average price is $8.10. The company’s market cap is $3.01 billion. Southwestern Energy has a 12-month low of $5.46 and a 12-month high of $15.59.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, April 27th. The energy company reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Southwestern Energy had a positive return on equity of 17.89% and a negative net margin of 43.91%. The company had revenue of $846 million for the quarter, compared to the consensus estimate of $765.03 million. During the same quarter in the prior year, the business earned ($0.08) EPS. Southwestern Energy’s revenue was up 46.1% on a year-over-year basis. On average, analysts expect that Southwestern Energy will post $0.66 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of SWN. Oregon Public Employees Retirement Fund boosted its stake in Southwestern Energy by 102.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 267,435 shares of the energy company’s stock worth $1,626,000 after buying an additional 135,013 shares during the last quarter. OLD National Bancorp IN boosted its stake in Southwestern Energy by 72.5% in the second quarter. OLD National Bancorp IN now owns 69,512 shares of the energy company’s stock worth $423,000 after buying an additional 29,215 shares during the last quarter. Eqis Capital Management Inc. bought a new stake in Southwestern Energy during the second quarter worth $3,393,000. Creative Planning boosted its stake in Southwestern Energy by 552.0% in the second quarter. Creative Planning now owns 165,928 shares of the energy company’s stock worth $1,009,000 after buying an additional 140,480 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its stake in Southwestern Energy by 48.8% in the second quarter. Confluence Investment Management LLC now owns 34,590 shares of the energy company’s stock worth $210,000 after buying an additional 11,341 shares during the last quarter. 93.32% of the stock is owned by institutional investors.
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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