Southwestern Energy (NYSE:SWN) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Southwestern Energy (NYSE:SWN) in a report released on Sunday. The firm set a “hold” rating on the energy company’s stock.

A number of other research firms also recently weighed in on SWN. Piper Sandler restated a “neutral” rating and issued a $7.00 price target (down from $8.00) on shares of Southwestern Energy in a research note on Friday, April 19th. Susquehanna raised their target price on shares of Southwestern Energy from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, May 16th. Stifel Nicolaus upped their price target on shares of Southwestern Energy from $6.60 to $7.60 and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Mizuho increased their price target on Southwestern Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, Scotiabank lowered Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $9.00 to $9.50 in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Southwestern Energy currently has a consensus rating of “Hold” and an average target price of $8.25.

Southwestern Energy Stock Down 1.5 %

NYSE SWN opened at $6.67 on Friday. The business has a fifty day moving average price of $7.30 and a two-hundred day moving average price of $6.98. The stock has a market capitalization of $7.36 billion, a PE ratio of -3.83 and a beta of 1.12. Southwestern Energy has a fifty-two week low of $5.35 and a fifty-two 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.

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

Hedge Funds Weigh In On Southwestern Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of Nova Scotia bought a new position in shares of Southwestern Energy during the 4th quarter worth about $4,434,000. Dimensional Fund Advisors LP boosted its holdings in Southwestern Energy by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 29,332,203 shares of the energy company’s stock worth $192,133,000 after acquiring an additional 1,924,108 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in Southwestern Energy in the fourth quarter worth approximately $2,027,000. Charles Schwab Investment Management Inc. grew its stake in Southwestern Energy by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,444,522 shares of the energy company’s stock valued at $68,412,000 after acquiring an additional 203,452 shares during the period. Finally, Annex Advisory Services LLC increased its holdings in shares of Southwestern Energy by 18.8% during the fourth quarter. Annex Advisory Services LLC now owns 977,353 shares of the energy company’s stock valued at $6,402,000 after acquiring an additional 154,496 shares in the last quarter. 86.97% of the stock is currently owned by institutional investors.

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.