Shares of Southwestern Energy (NYSE:SWN) have received a consensus rating of “Hold” from the twenty-eight brokerages that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $6.76.
A number of research firms have recently commented on SWN. Citigroup lowered shares of Southwestern Energy from a “buy” rating to a “neutral” rating and set a $8.00 price objective on the stock. in a research note on Tuesday, April 17th. Piper Jaffray set a $6.00 price objective on shares of Southwestern Energy and gave the company a “hold” rating in a research note on Wednesday, March 14th. Morgan Stanley reduced their price objective on shares of Southwestern Energy from $2.50 to $2.00 and set an “underweight” rating on the stock in a research note on Friday. Jefferies Group reaffirmed a “hold” rating and issued a $5.00 price objective on shares of Southwestern Energy in a research note on Monday, March 19th. Finally, Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of Southwestern Energy in a research note on Monday, February 12th.
Several institutional investors have recently added to or reduced their stakes in SWN. New York State Common Retirement Fund lifted its stake in shares of Southwestern Energy by 7.0% in the third quarter. New York State Common Retirement Fund now owns 1,298,937 shares of the energy company’s stock valued at $7,937,000 after buying an additional 85,073 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Southwestern Energy by 5.5% in the third quarter. Legal & General Group Plc now owns 691,197 shares of the energy company’s stock valued at $4,224,000 after buying an additional 36,156 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Southwestern Energy by 73.7% in the third quarter. JPMorgan Chase & Co. now owns 927,995 shares of the energy company’s stock valued at $5,698,000 after buying an additional 393,619 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Southwestern Energy by 7.8% in the third quarter. Wells Fargo & Company MN now owns 501,793 shares of the energy company’s stock valued at $3,065,000 after buying an additional 36,092 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Southwestern Energy by 2,243.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,435,577 shares of the energy company’s stock valued at $14,882,000 after buying an additional 2,331,644 shares in the last quarter. 80.81% of the stock is currently owned by hedge funds and other institutional investors.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, March 1st. The energy company reported $0.12 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $802.77 million. During the same period in the prior year, the firm posted $0.08 EPS. The company’s quarterly revenue was up 18.3% on a year-over-year basis. analysts predict that Southwestern Energy will post 0.74 earnings per share for the current fiscal year.
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Southwestern Energy Company Profile
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.
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