Zacks Investment Research upgraded shares of Southwestern Energy (NYSE:SWN) from a sell rating to a hold rating in a research note issued to investors on Thursday morning.
According to Zacks, “Southwestern Energy enjoys strong acreage positions in the Fayetteville and Marcellus shales, which offer ample opportunities for newer natural gas discoveries. The economies of scale help the company drive growth rapidly. We also appreciate the company’s continuous efforts to reduce operating costs. In terms of EV/EBITDA ratio the company seems undervalued. The company’s total proved reserves, as of Dec 31, 2018, was recorded at 14,775 Bcfe, significantly higher than 5,253 Bcfe in the year-earlier period. However, Southwestern Energy’s share price has lagged the broader market indices, over the last year. Since natural gas accounts for almost all of the company’s reserves and production, its results are vulnerable to the volatile commodity price. We also remain concerned about Southwestern Energy’s high debt load.”
SWN has been the subject of several other research reports. Cowen set a $5.00 target price on shares of Southwestern Energy and gave the stock a buy rating in a research note on Thursday, February 8th. UBS assumed coverage on shares of Southwestern Energy in a research note on Wednesday, March 7th. They issued a sell rating and a $4.00 price objective for the company. Credit Suisse Group reduced their price objective on shares of Southwestern Energy from $6.00 to $5.00 and set a neutral rating for the company in a research note on Friday, February 9th. TheStreet upgraded shares of Southwestern Energy from a d rating to a c- rating in a research note on Thursday, March 1st. Finally, Goldman Sachs cut shares of Southwestern Energy from a neutral rating to a sell rating in a research note on Thursday, February 1st. Eight investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $6.76.
Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, March 1st. The energy company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.03. Southwestern Energy had a net margin of 30.57% and a return on equity of 21.54%. The company had revenue of $809.00 million during the quarter, compared to analysts’ expectations of $802.77 million. During the same quarter last year, the business earned $0.08 EPS. The business’s revenue was up 18.3% on a year-over-year basis. research analysts expect that Southwestern Energy will post 0.73 EPS for the current year.
A number of large investors have recently bought and sold shares of the business. Encompass Capital Advisors LLC increased its holdings in Southwestern Energy by 10.9% during the 4th quarter. Encompass Capital Advisors LLC now owns 8,800,000 shares of the energy company’s stock valued at $49,104,000 after acquiring an additional 862,553 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in Southwestern Energy by 0.8% during the 4th quarter. Disciplined Growth Investors Inc. MN now owns 6,879,426 shares of the energy company’s stock valued at $38,387,000 after acquiring an additional 51,514 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Southwestern Energy by 10.0% during the fourth quarter. Bank of New York Mellon Corp now owns 6,678,572 shares of the energy company’s stock worth $37,267,000 after buying an additional 604,783 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Southwestern Energy by 1.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,479,965 shares of the energy company’s stock worth $19,419,000 after buying an additional 45,986 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of Southwestern Energy by 1.8% during the third quarter. Allianz Asset Management GmbH now owns 3,343,082 shares of the energy company’s stock worth $20,426,000 after buying an additional 60,377 shares in the last quarter. Hedge funds and other institutional investors own 80.67% of the company’s stock.
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Southwestern Energy Company Profile
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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