Stifel Nicolaus Boosts Southwestern Energy (NYSE:SWN) Price Target to $7.60

Southwestern Energy (NYSE:SWN) had its price target boosted by investment analysts at Stifel Nicolaus from $6.60 to $7.60 in a report issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the energy company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 2.56% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. StockNews.com assumed coverage on shares of Southwestern Energy in a research report on Saturday. They set a “hold” rating for the company. Seaport Res Ptn cut shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. Scotiabank cut shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the stock from $9.00 to $9.50 in a research note on Thursday, April 11th. UBS Group boosted their price target on shares of Southwestern Energy from $6.00 to $6.25 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. Finally, Citigroup boosted their target price on shares of Southwestern Energy from $8.00 to $8.24 and gave the stock a “buy” rating in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Southwestern Energy presently has a consensus rating of “Hold” and a consensus price target of $8.14.

Southwestern Energy Trading Up 0.1 %

Shares of Southwestern Energy stock traded up $0.01 during trading on Tuesday, reaching $7.41. 6,411,621 shares of the stock were exchanged, compared to its average volume of 17,054,482. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.67. The stock’s fifty day moving average is $7.15 and its 200 day moving average is $6.83. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 5.26 and a beta of 1.12. Southwestern Energy has a 1 year low of $4.57 and a 1 year high of $7.69.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business posted $0.26 earnings per share. Southwestern Energy’s quarterly revenue was down 49.9% compared to the same quarter last year. As a group, equities research analysts expect that Southwestern Energy will post 0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Southwestern Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of SWN. Kimmeridge Energy Management Company LLC purchased a new stake in Southwestern Energy during the fourth quarter valued at approximately $120,352,000. FMR LLC lifted its position in Southwestern Energy by 32.3% during the third quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock valued at $256,613,000 after acquiring an additional 9,709,483 shares during the last quarter. Mackenzie Financial Corp lifted its position in Southwestern Energy by 11,994.8% during the third quarter. Mackenzie Financial Corp now owns 2,803,943 shares of the energy company’s stock valued at $17,132,000 after acquiring an additional 2,780,760 shares during the last quarter. Invesco Ltd. lifted its position in Southwestern Energy by 13.7% during the third quarter. Invesco Ltd. now owns 22,735,475 shares of the energy company’s stock valued at $146,644,000 after acquiring an additional 2,744,656 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Southwestern Energy by 55.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,330,974 shares of the energy company’s stock valued at $41,468,000 after purchasing an additional 2,268,429 shares in the last quarter. Hedge funds and other institutional investors own 86.97% of the company’s stock.

About Southwestern Energy

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.