Royal Bank Of Canada Analysts Give Southwestern Energy Company (NYSE:SWN) a $8.00 Price Target
Royal Bank Of Canada set a $8.00 price target on Southwestern Energy Company (NYSE:SWN) in a report released on Tuesday morning. The brokerage currently has a hold rating on the energy company’s stock.
Other research analysts have also recently issued reports about the stock. Scotiabank set a $9.00 target price on shares of Southwestern Energy and gave the stock a hold rating in a report on Saturday, July 1st. BidaskClub raised shares of Southwestern Energy from a strong sell rating to a sell rating in a report on Tuesday, June 27th. Iberia Capital boosted their price objective on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a sector perform rating in a report on Tuesday, May 2nd. National Securities reissued a buy rating and set a $14.00 price objective on shares of Southwestern Energy in a report on Monday, May 1st. Finally, BMO Capital Markets reissued a buy rating and set a $8.00 price objective on shares of Southwestern Energy in a report on Tuesday, June 27th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $12.55.
Southwestern Energy (SWN) traded up 4.151% during trading on Tuesday, hitting $5.395. 6,486,706 shares of the stock were exchanged. Southwestern Energy has a 52 week low of $5.00 and a 52 week high of $15.59. The stock’s market cap is $2.67 billion. The stock has a 50 day moving average of $5.82 and a 200-day moving average of $7.29.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.16 by $0.08. The business had revenue of $811 million for the quarter, compared to the consensus estimate of $810 million. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The company’s revenue was up 55.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) EPS. Equities analysts expect that Southwestern Energy will post $0.60 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Retirement Systems of Alabama boosted its position in shares of Southwestern Energy by 3.5% in the first quarter. Retirement Systems of Alabama now owns 240,706 shares of the energy company’s stock valued at $1,967,000 after buying an additional 8,084 shares during the last quarter. Granite Investment Advisors LLC boosted its stake in Southwestern Energy by 15.3% in the first quarter. Granite Investment Advisors LLC now owns 707,830 shares of the energy company’s stock worth $5,783,000 after buying an additional 93,856 shares in the last quarter. DnB Asset Management AS boosted its stake in Southwestern Energy by 25.2% in the first quarter. DnB Asset Management AS now owns 48,627 shares of the energy company’s stock worth $397,000 after buying an additional 9,800 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Southwestern Energy during the first quarter worth $233,000. Finally, Gulf International Bank UK Ltd boosted its stake in Southwestern Energy by 2.2% in the first quarter. Gulf International Bank UK Ltd now owns 147,639 shares of the energy company’s stock worth $1,206,000 after buying an additional 3,150 shares in the last quarter. 93.62% of the stock is currently 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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