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

Southwestern Energy (NYSE:SWN) had its target price decreased by equities research analysts at UBS Group from $7.50 to $7.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the energy company’s stock. UBS Group’s price target would suggest a potential upside of 10.41% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Piper Sandler dropped their price target on shares of Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. StockNews.com began coverage on shares of Southwestern Energy in a report on Wednesday, September 11th. They issued a “sell” rating on the stock. Susquehanna reduced their price target on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a report on Monday, August 19th. Scotiabank reduced their price target on shares of Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 20th. Finally, Wolfe Research began coverage on Southwestern Energy in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.56.

Southwestern Energy Stock Up 0.8 %

Southwestern Energy stock traded up $0.05 during trading hours on Wednesday, hitting $6.34. The stock had a trading volume of 4,461,024 shares, compared to its average volume of 16,930,352. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $6.99 billion, a P/E ratio of -3.64 and a beta of 1.12. Southwestern Energy has a 12-month low of $5.85 and a 12-month high of $7.80. The stock’s 50-day moving average price is $6.36 and its 200-day moving average price is $6.93.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company posted $0.09 earnings per share. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. Equities research analysts anticipate that Southwestern Energy will post 0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Southwestern Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Southwestern Energy by 21.8% in the second quarter. Dimensional Fund Advisors LP now owns 48,926,369 shares of the energy company’s stock valued at $329,276,000 after buying an additional 8,741,562 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Southwestern Energy by 14.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock valued at $298,381,000 after acquiring an additional 4,968,002 shares in the last quarter. Millennium Management LLC lifted its holdings in Southwestern Energy by 97.0% in the 2nd quarter. Millennium Management LLC now owns 24,923,413 shares of the energy company’s stock worth $167,735,000 after buying an additional 12,270,110 shares in the last quarter. Kopernik Global Investors LLC lifted its holdings in Southwestern Energy by 0.7% in the 4th quarter. Kopernik Global Investors LLC now owns 21,007,377 shares of the energy company’s stock worth $137,598,000 after buying an additional 143,007 shares in the last quarter. Finally, Magnetar Financial LLC lifted its holdings in Southwestern Energy by 3,468.3% in the 1st quarter. Magnetar Financial LLC now owns 12,360,286 shares of the energy company’s stock worth $93,691,000 after buying an additional 12,013,898 shares in the last quarter. Hedge funds and other institutional investors own 86.97% of the company’s stock.

About Southwestern Energy

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.