Southwestern Energy Company (SWN) Stock Rating Upgraded by BidaskClub
Southwestern Energy Company (NYSE:SWN) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Friday.
SWN has been the subject of a number of other research reports. Citigroup Inc. reduced their price target on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $10.00 price target on shares of Southwestern Energy in a research report on Friday, July 14th. Barclays PLC reaffirmed a “hold” rating and issued a $6.00 price target on shares of Southwestern Energy in a research report on Friday, July 7th. National Securities reaffirmed a “buy” rating and issued a $14.00 price target on shares of Southwestern Energy in a research report on Monday, May 1st. Finally, Piper Jaffray Companies set a $8.00 price target on Southwestern Energy and gave the stock a “hold” rating in a research report on Thursday. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $12.33.
Southwestern Energy (SWN) opened at 5.33 on Friday. Southwestern Energy has a 12 month low of $5.00 and a 12 month high of $15.59. The stock’s 50 day moving average price is $5.57 and its 200-day moving average price is $6.85. The firm’s market capitalization is $2.66 billion.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 million for the quarter, compared to analyst estimates of $810 million. During the same period in the previous year, the business posted ($0.09) EPS. Southwestern Energy’s revenue for the quarter was up 55.4% on a year-over-year basis. On average, analysts forecast that Southwestern Energy will post $0.55 earnings per share for the current year.
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A number of institutional investors have recently modified their holdings of SWN. BlackRock Inc. raised its position in shares of Southwestern Energy by 2,582.8% in the first quarter. BlackRock Inc. now owns 31,270,589 shares of the energy company’s stock valued at $255,479,000 after buying an additional 30,105,011 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Southwestern Energy by 939.0% in the first quarter. Point72 Asset Management L.P. now owns 9,696,227 shares of the energy company’s stock valued at $79,218,000 after buying an additional 8,762,957 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Southwestern Energy by 12.1% in the first quarter. Vanguard Group Inc. now owns 59,247,162 shares of the energy company’s stock valued at $484,049,000 after buying an additional 6,388,987 shares in the last quarter. FMR LLC raised its position in shares of Southwestern Energy by 36.5% in the first quarter. FMR LLC now owns 22,332,221 shares of the energy company’s stock valued at $182,454,000 after buying an additional 5,969,258 shares in the last quarter. Finally, Bridgewater Associates LP raised its position in shares of Southwestern Energy by 117.5% in the second quarter. Bridgewater Associates LP now owns 8,234,921 shares of the energy company’s stock valued at $50,068,000 after buying an additional 4,449,396 shares in the last quarter. Hedge funds and other institutional investors own 93.10% of the company’s stock.
About Southwestern Energy
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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