Southwestern Energy Company (SWN) Given Consensus Recommendation of “Hold” by Brokerages
Southwestern Energy Company (NYSE:SWN) has been assigned a consensus rating of “Hold” from the twenty-four analysts that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $12.68.
A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada set a $10.00 price target on Southwestern Energy and gave the company a “hold” rating in a report on Saturday, June 10th. Scotiabank set a $9.00 price target on Southwestern Energy and gave the company a “hold” rating in a report on Saturday, July 1st. BidaskClub raised Southwestern Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Iberia Capital lifted their price target on Southwestern Energy from $9.00 to $10.00 and gave the company a “sector perform” rating in a report on Tuesday, May 2nd. Finally, National Securities reaffirmed a “buy” rating and set a $14.00 price target on shares of Southwestern Energy in a report on Monday, May 1st.
Institutional investors have recently bought and sold shares of the company. Cleararc Capital Inc. boosted its position in Southwestern Energy by 2.2% in the first quarter. Cleararc Capital Inc. now owns 12,185 shares of the energy company’s stock valued at $100,000 after buying an additional 261 shares in the last quarter. Financial Counselors Inc. bought a new position in Southwestern Energy during the first quarter valued at approximately $101,000. Tudor Investment Corp ET AL bought a new position in Southwestern Energy during the first quarter valued at approximately $102,000. Pinnacle Associates Ltd. bought a new position in Southwestern Energy during the first quarter valued at approximately $103,000. Finally, Macquarie Group Ltd. boosted its position in Southwestern Energy by 25.3% in the fourth quarter. Macquarie Group Ltd. now owns 9,900 shares of the energy company’s stock valued at $107,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 93.62% of the company’s stock.
Shares of Southwestern Energy (NYSE SWN) opened at 5.34 on Friday. Southwestern Energy has a 12-month low of $5.00 and a 12-month high of $15.59. The stock’s market capitalization is $2.66 billion. The stock has a 50 day moving average price of $5.75 and a 200 day moving average price of $7.14.
Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, August 3rd. The energy company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.08. Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. The company had revenue of $811 million during the quarter, compared to analyst estimates of $810 million. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. The business’s revenue was up 55.4% on a year-over-year basis. On average, equities analysts anticipate that Southwestern Energy will post $0.55 earnings per share for the current fiscal year.
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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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