Southwestern Energy Company (SWN) Raised to “Sell” at BidaskClub
BidaskClub upgraded shares of Southwestern Energy Company (NYSE:SWN) from a strong sell rating to a sell rating in a research note published on Thursday.
Several other equities analysts have also weighed in on SWN. Citigroup Inc. dropped their price objective on shares of Southwestern Energy from $9.00 to $8.00 and set a buy rating on the stock in a report on Friday, July 21st. Cowen and Company set a $9.00 price objective on shares of Southwestern Energy and gave the company a buy rating in a report on Wednesday, July 19th. BMO Capital Markets reiterated a buy rating and set a $8.00 price objective on shares of Southwestern Energy in a report on Tuesday, June 27th. National Securities reiterated a buy rating and set a $14.00 price objective on shares of Southwestern Energy in a report on Monday, May 1st. Finally, Barclays PLC reiterated an equal weight rating and set a $9.00 price objective (down previously from $10.00) on shares of Southwestern Energy in a report on Saturday, April 22nd. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $12.65.
Shares of Southwestern Energy (NYSE SWN) traded up 1.15% during mid-day trading on Thursday, reaching $5.28. The company had a trading volume of 21,389,195 shares. Southwestern Energy has a one year low of $5.00 and a one year high of $15.59. The stock has a 50 day moving average of $5.90 and a 200-day moving average of $7.33. The firm’s market capitalization is $2.61 billion.
Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.08. The firm had revenue of $811 million during the quarter, compared to analyst estimates of $810 million. Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 27.85%. Southwestern Energy’s quarterly revenue was up 55.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.09) EPS. Equities analysts predict that Southwestern Energy will post $0.60 EPS for the current year.
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Large investors have recently bought and sold shares of the company. First Manhattan Co. raised its stake in Southwestern Energy by 29.3% in the first quarter. First Manhattan Co. now owns 8,904 shares of the energy company’s stock worth $123,000 after buying an additional 2,020 shares in the last quarter. Macquarie Group Ltd. raised its stake in Southwestern Energy by 25.3% in the fourth quarter. Macquarie Group Ltd. now owns 9,900 shares of the energy company’s stock worth $107,000 after buying an additional 2,000 shares in the last quarter. Cleararc Capital Inc. raised its stake in Southwestern Energy by 2.2% in the first quarter. Cleararc Capital Inc. now owns 12,185 shares of the energy company’s stock worth $100,000 after buying an additional 261 shares in the last quarter. Financial Counselors Inc. acquired a new stake in Southwestern Energy during the first quarter worth $101,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Southwestern Energy during the first quarter worth $102,000. Institutional investors own 92.99% of the company’s stock.
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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