Southwestern Energy (NYSE:SWN) PT Lowered to $7.00

Southwestern Energy (NYSE:SWN) had its target price decreased by Susquehanna from $8.00 to $7.00 in a research report released on Monday morning, Benzinga reports. Susquehanna currently has a neutral rating on the energy company’s stock.

A number of other brokerages have also weighed in on SWN. Stifel Nicolaus boosted their price objective on shares of Southwestern Energy from $6.60 to $7.60 and gave the company a hold rating in a report on Tuesday, April 23rd. Mizuho boosted 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. Wolfe Research initiated coverage on Southwestern Energy in a research note on Thursday, July 18th. They issued a peer perform rating for the company. Piper Sandler reiterated a neutral rating and issued a $7.00 target price (down previously from $8.00) on shares of Southwestern Energy in a research report on Friday, April 19th. Finally, StockNews.com started coverage on shares of Southwestern Energy in a report on Wednesday, July 17th. They issued a hold rating on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $8.42.

Southwestern Energy Price Performance

Shares of NYSE SWN opened at $6.34 on Monday. Southwestern Energy has a fifty-two week low of $5.93 and a fifty-two week high of $7.80. The company has a market cap of $6.99 billion, a PE ratio of -3.64 and a beta of 1.17. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.62 and a current ratio of 0.62. The business has a 50-day simple moving average of $7.00 and a two-hundred day simple moving average of $7.03.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 9.00%. The business’s revenue for the quarter was down 33.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. As a group, equities analysts expect that Southwestern Energy will post 0.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Southwestern Energy

A number of institutional investors have recently modified their holdings of SWN. American Century Companies Inc. boosted its position in Southwestern Energy by 27.9% during the third quarter. American Century Companies Inc. now owns 1,073,641 shares of the energy company’s stock worth $6,925,000 after purchasing an additional 234,132 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Southwestern Energy by 157.0% during the 4th quarter. SG Americas Securities LLC now owns 138,909 shares of the energy company’s stock valued at $910,000 after buying an additional 84,869 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Southwestern Energy by 5.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 79,883 shares of the energy company’s stock valued at $523,000 after acquiring an additional 4,404 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new stake in Southwestern Energy in the 4th quarter valued at $295,000. Finally, Spirit of America Management Corp NY purchased a new stake in Southwestern Energy in the 4th quarter worth $98,000. 86.97% of the stock is currently 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.