Equities research analysts at GMP Securities assumed coverage on shares of Southwestern Energy Co. (NYSE:SWN) in a report issued on Wednesday. The brokerage set a “hold” rating and a $11.00 price target on the energy company’s stock. GMP Securities’ target price would indicate a potential downside of 16.22% from the stock’s previous close.
A number of other equities research analysts have also weighed in on SWN. KLR Group boosted their price objective on Southwestern Energy from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, September 1st. Zacks Investment Research lowered Southwestern Energy from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Citigroup Inc. boosted their price objective on Southwestern Energy from $8.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, August 8th. Jefferies Group restated a “sell” rating on shares of Southwestern Energy in a research report on Monday, August 1st. Finally, BMO Capital Markets restated a “hold” rating and set a $18.00 price objective on shares of Southwestern Energy in a research report on Friday, July 29th. Five equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $12.38.
Shares of Southwestern Energy (NYSE:SWN) opened at 13.13 on Wednesday. Southwestern Energy has a one year low of $5.00 and a one year high of $15.59. The company’s market capitalization is $5.09 billion. The firm has a 50 day moving average price of $14.06 and a 200 day moving average price of $12.49.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Friday, July 22nd. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. Southwestern Energy had a negative return on equity of 1.99% and a negative net margin of 220.65%. The company had revenue of $522 million for the quarter, compared to analyst estimates of $517.49 million. On average, equities research analysts predict that Southwestern Energy will post $0.05 EPS for the current fiscal year.
In other Southwestern Energy news, Director Gregory D. Kerley sold 12,000 shares of the stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $14.34, for a total transaction of $172,080.00. Following the completion of the transaction, the director now directly owns 312,064 shares of the company’s stock, valued at $4,474,997.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.16% of the company’s stock.
A number of institutional investors have recently made changes to their positions in SWN. Quantbot Technologies LP purchased a new position in shares of Southwestern Energy during the second quarter valued at $106,000. Advisor Partners LLC raised its position in shares of Southwestern Energy by 11.9% in the first quarter. Advisor Partners LLC now owns 13,501 shares of the energy company’s stock valued at $109,000 after buying an additional 1,435 shares during the period. Simmons Bank purchased a new position in shares of Southwestern Energy during the first quarter valued at $113,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Southwestern Energy by 10.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,321 shares of the energy company’s stock valued at $115,000 after buying an additional 1,402 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Southwestern Energy by 131.7% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,500 shares of the energy company’s stock valued at $120,000 after buying an additional 5,400 shares during the period. 98.78% of the stock is owned by institutional investors and hedge funds.
Southwestern Energy Company Profile
Southwestern Energy Company is an independent 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 are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.
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