Piper Jaffray Companies set a $6.00 price objective on Southwestern Energy Company (NYSE:SWN) in a report published on Thursday morning. The firm currently has a hold rating on the energy company’s stock.
SWN has been the topic of a number of other research reports. Citigroup Inc. cut their target price on Southwestern Energy from $9.00 to $8.00 and set a buy rating on the stock in a research report on Friday, July 21st. Royal Bank Of Canada reiterated a hold rating and set a $10.00 target price on shares of Southwestern Energy in a research report on Friday, July 14th. Barclays PLC reiterated a hold rating and set a $6.00 target price on shares of Southwestern Energy in a research report on Friday, July 7th. KeyCorp reiterated a hold rating on shares of Southwestern Energy in a research report on Sunday, September 3rd. Finally, BidaskClub cut Southwestern Energy from a sell rating to a strong sell rating in a research report on Thursday, July 27th. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $11.33.
Southwestern Energy (NYSE SWN) traded down 1.47% during mid-day trading on Thursday, reaching $5.38. The company’s stock had a trading volume of 9,399,331 shares. The stock’s 50 day moving average is $5.84 and its 200 day moving average is $6.24. The firm’s market cap is $2.68 billion. Southwestern Energy has a one year low of $5.00 and a one year high of $12.85.
Southwestern Energy (NYSE:SWN) last posted its earnings results on Thursday, August 3rd. The energy company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.08). Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The firm had revenue of $811.00 million for the quarter, compared to analyst estimates of $810.00 million. During the same quarter last year, the firm posted ($0.09) EPS. The firm’s revenue for the quarter was up 55.4% on a year-over-year basis. On average, analysts anticipate that Southwestern Energy will post $0.49 EPS for the current year.
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Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Southwestern Energy by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 59,247,162 shares of the energy company’s stock worth $484,049,000 after acquiring an additional 6,388,987 shares in the last quarter. State Street Corp boosted its stake in shares of Southwestern Energy by 9.0% during the 1st quarter. State Street Corp now owns 32,085,452 shares of the energy company’s stock worth $262,131,000 after acquiring an additional 2,647,336 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Southwestern Energy by 2,582.8% during the 1st quarter. BlackRock Inc. now owns 31,270,589 shares of the energy company’s stock worth $255,479,000 after acquiring an additional 30,105,011 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Southwestern Energy by 939.0% during the 1st quarter. Point72 Asset Management L.P. now owns 9,696,227 shares of the energy company’s stock worth $79,218,000 after acquiring an additional 8,762,957 shares in the last quarter. Finally, Capital World Investors boosted its stake in shares of Southwestern Energy by 1.4% during the 2nd quarter. Capital World Investors now owns 8,944,540 shares of the energy company’s stock worth $54,383,000 after acquiring an additional 121,765 shares in the last quarter. 89.51% of the stock is currently owned by institutional investors and hedge funds.
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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