Mizuho began coverage on shares of Southwestern Energy Co. (NYSE:SWN) in a research report released on Wednesday. The firm issued a buy rating and a $20.00 price objective on the energy company’s stock.
Several other analysts have also issued reports on the company. KLR Group boosted their target price on Southwestern Energy from $13.00 to $15.00 and gave the company a hold rating in a research note on Thursday, September 1st. Nomura restated a hold rating and issued a $13.00 target price on shares of Southwestern Energy in a research note on Tuesday, July 5th. GMP Securities initiated coverage on Southwestern Energy in a research note on Wednesday, September 28th. They issued a hold rating and a $11.00 target price on the stock. JPMorgan Chase & Co. upgraded Southwestern Energy from an underweight rating to a neutral rating and boosted their target price for the company from $12.00 to $14.00 in a research note on Friday, July 22nd. Finally, Zacks Investment Research lowered Southwestern Energy from a buy rating to a hold rating in a research note on Friday, August 12th. Five equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Southwestern Energy currently has a consensus rating of Hold and an average target price of $12.66.
Shares of Southwestern Energy (NYSE:SWN) opened at 13.71 on Wednesday. The company’s market capitalization is $5.32 billion. The company’s 50 day moving average price is $14.03 and its 200 day moving average price is $12.88. Southwestern Energy has a 12 month low of $5.00 and a 12 month high of $15.59.
Southwestern Energy (NYSE:SWN) last issued its 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. The firm had revenue of $522 million for the quarter, compared to analyst estimates of $517.49 million. Southwestern Energy had a negative return on equity of 1.99% and a negative net margin of 220.65%. Analysts expect that Southwestern Energy will post $0.04 EPS for the current fiscal year.
In other Southwestern Energy news, Director Gregory D. Kerley sold 12,000 shares of the company’s stock in a transaction that occurred 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 owns 312,064 shares of the company’s stock, valued at approximately $4,474,997.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.16% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new position in Southwestern Energy during the first quarter worth approximately $652,000. Rafferty Asset Management LLC raised its position in Southwestern Energy by 36.9% in the first quarter. Rafferty Asset Management LLC now owns 56,882 shares of the energy company’s stock worth $459,000 after buying an additional 15,342 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Southwestern Energy during the first quarter worth approximately $233,000. JVL Advisors L.L.C. raised its position in Southwestern Energy by 2,188.0% in the first quarter. JVL Advisors L.L.C. now owns 57,200 shares of the energy company’s stock worth $462,000 after buying an additional 54,700 shares during the last quarter. Finally, Advisor Partners LLC raised its position in Southwestern Energy by 11.9% in the first quarter. Advisor Partners LLC now owns 13,501 shares of the energy company’s stock worth $109,000 after buying an additional 1,435 shares during the last quarter. 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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