Stifel Nicolaus Reiterates “Buy” Rating for Southwestern Energy Company (SWN)
Southwestern Energy Company (NYSE:SWN)‘s stock had its “buy” rating reiterated by stock analysts at Stifel Nicolaus in a research note issued to investors on Thursday.
Several other brokerages also recently commented on SWN. Scotiabank set a $9.00 target price on shares of Southwestern Energy and gave the company a “hold” rating in a research note on Saturday, July 1st. Cowen and Company reaffirmed a “buy” rating and issued a $9.00 target price on shares of Southwestern Energy in a research note on Tuesday. BidaskClub raised shares of Southwestern Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Zacks Investment Research downgraded shares of Southwestern Energy from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada set a $10.00 price objective on shares of Southwestern Energy and gave the stock a “hold” rating in a research report on Saturday, June 10th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.33.
Southwestern Energy (SWN) opened at 5.79 on Thursday. The firm’s market cap is $2.88 billion. Southwestern Energy has a 1-year low of $5.00 and a 1-year high of $14.98. The company has a 50-day moving average of $5.43 and a 200-day moving average of $6.54.
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 Thomson Reuters’ 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 firm had revenue of $811.00 million during the quarter, compared to the consensus estimate of $810.00 million. During the same period in the previous year, the company posted ($0.09) EPS. The firm’s revenue for the quarter was up 55.4% on a year-over-year basis. Analysts predict that Southwestern Energy will post $0.54 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of SWN. Cleararc Capital Inc. raised its position in shares of 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 purchasing an additional 261 shares during the period. Financial Counselors Inc. bought a new position in shares of Southwestern Energy in the first quarter valued at about $101,000. Tudor Investment Corp ET AL bought a new position in shares of Southwestern Energy in the first quarter valued at about $102,000. Pinnacle Associates Ltd. bought a new position in shares of Southwestern Energy in the first quarter valued at about $103,000. Finally, Zacks Investment Management bought a new position in shares of Southwestern Energy in the second quarter valued at about $105,000. 89.57% 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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