Southwestern Energy (NYSE:SWN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “Over the past year, Southwestern Energy plunged 58.1%, underperforming the industry’s 12.2% decline. As compared to 2012-end, the company’s long-term debt increased significantly. Also, the cash balances declined over the first nine months of 2017, reflecting weakness in the balance sheet. Since natural gas accounts for almost all of the company’s reserves and production, its results are vulnerable to the volatile natural gas prices. Also, the company is not in a position to finance its capital expenditure reflecting weak operations. Southwestern failed to surpass the Zacks Consensus Estimate in three of the last four quarters with an average negative earnings surprise of 22.9%.”

Several other research firms also recently commented on SWN. KeyCorp reiterated a “hold” rating on shares of Southwestern Energy in a report on Friday, November 10th. Mizuho downgraded shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a report on Tuesday, November 21st. BMO Capital Markets set a $9.00 price objective on shares of Southwestern Energy and gave the company a “buy” rating in a report on Tuesday, November 14th. ValuEngine upgraded shares of Southwestern Energy from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Finally, Barclays decreased their price objective on shares of Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $8.58.

Southwestern Energy (SWN) traded up $0.05 during trading hours on Tuesday, hitting $3.90. 12,638,755 shares of the company’s stock traded hands, compared to its average volume of 29,895,627. Southwestern Energy has a 12-month low of $3.70 and a 12-month high of $9.39. The firm has a market capitalization of $1,970.00, a P/E ratio of 6.29 and a beta of 0.96. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.88 and a current ratio of 1.88.

A number of institutional investors and hedge funds have recently bought and sold shares of SWN. Cetera Investment Advisers bought a new stake in Southwestern Energy during the second quarter worth about $108,000. Sciencast Management LP bought a new stake in Southwestern Energy during the second quarter worth about $126,000. Stevens Capital Management LP bought a new stake in Southwestern Energy during the third quarter worth about $135,000. State of Alaska Department of Revenue bought a new stake in Southwestern Energy during the fourth quarter worth about $166,000. Finally, Tiedemann Wealth Management LLC lifted its position in Southwestern Energy by 68.0% during the third quarter. Tiedemann Wealth Management LLC now owns 77,723 shares of the energy company’s stock worth $174,000 after purchasing an additional 31,462 shares during the period. 77.27% of the stock is owned by institutional investors and hedge funds.

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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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