Southwestern Energy (NYSE:SWN) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Southwestern Energy (NYSE:SWN) in a research note issued to investors on Wednesday. The firm issued a hold rating on the energy company’s stock.

SWN has been the topic of a number of other reports. Scotiabank lowered Southwestern Energy from a sector outperform rating to a sector perform rating and increased their price target for the stock from $9.00 to $9.50 in a research report on Thursday, April 11th. Susquehanna increased their target price on Southwestern Energy from $7.50 to $8.00 and gave the stock a neutral rating in a report on Thursday, May 16th. Seaport Res Ptn cut Southwestern Energy from a buy rating to a neutral rating in a report on Wednesday, January 31st. Piper Sandler reissued a neutral rating and set a $7.00 price objective (down previously from $8.00) on shares of Southwestern Energy in a report on Friday, April 19th. Finally, Stifel Nicolaus raised their price objective on shares of Southwestern Energy from $6.60 to $7.60 and gave the company a hold rating in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Southwestern Energy currently has a consensus rating of Hold and an average target price of $8.25.

Southwestern Energy Stock Performance

Southwestern Energy stock opened at $7.39 on Wednesday. Southwestern Energy has a 52-week low of $4.72 and a 52-week high of $7.80. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a fifty day moving average price of $7.41 and a two-hundred day moving average price of $6.91. The firm has a market capitalization of $8.15 billion, a P/E ratio of -4.25 and a beta of 1.15.

Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, May 2nd. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.29 billion. Southwestern Energy had a positive return on equity of 9.00% and a negative net margin of 32.93%. The company’s revenue for the quarter was down 33.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 EPS. As a group, analysts anticipate that Southwestern Energy will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Southwestern Energy

Institutional investors have recently made changes to their positions in the stock. Kimmeridge Energy Management Company LLC bought a new position in Southwestern Energy during the fourth quarter worth about $120,352,000. Magnetar Financial LLC boosted its stake in Southwestern Energy by 3,468.3% during the 1st quarter. Magnetar Financial LLC now owns 12,360,286 shares of the energy company’s stock worth $93,691,000 after acquiring an additional 12,013,898 shares during the last quarter. KRYGER CAPITAL Ltd bought a new stake in Southwestern Energy in the first quarter valued at approximately $76,543,000. FMR LLC raised its holdings in Southwestern Energy by 32.3% in the third quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock worth $256,613,000 after purchasing an additional 9,709,483 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Southwestern Energy by 14.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock worth $298,381,000 after purchasing an additional 4,968,002 shares during the period. 86.97% of the stock is owned by institutional investors and hedge funds.

Southwestern Energy Company Profile

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.