Southwestern Energy (SWN) Price Target Increased to $10.00 by Analysts at B. Riley

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Southwestern Energy (NYSE:SWN) had its price objective raised by analysts at B. Riley to $10.00 in a note issued to investors on Friday, The Fly reports. The firm presently has a “buy” rating on the energy company’s stock. B. Riley’s target price indicates a potential upside of 89.75% from the stock’s previous close.

A number of other research firms have also recently commented on SWN. ValuEngine cut Southwestern Energy from a “sell” rating to a “strong sell” rating in a report on Monday, June 11th. Stifel Nicolaus reissued a “hold” rating and set a $4.30 price target on shares of Southwestern Energy in a report on Friday, June 1st. Morgan Stanley boosted their price target on Southwestern Energy from $2.50 to $4.00 and gave the stock a “sell” rating in a report on Thursday, May 24th. Jefferies Financial Group reissued a “hold” rating and set a $4.50 price target on shares of Southwestern Energy in a report on Thursday, April 26th. Finally, TheStreet raised Southwestern Energy from a “d” rating to a “c-” rating in a report on Thursday, March 1st. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $6.18.

Shares of NYSE SWN opened at $5.27 on Friday. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 11.98 and a beta of 0.83. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 2.00. Southwestern Energy has a fifty-two week low of $3.42 and a fifty-two week high of $6.72.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, April 26th. The energy company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The firm had revenue of $920.00 million during the quarter, compared to analysts’ expectations of $895.65 million. Southwestern Energy had a return on equity of 19.14% and a net margin of 25.51%. During the same period in the previous year, the firm earned $0.18 EPS. equities research analysts forecast that Southwestern Energy will post 0.79 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Southwestern Energy by 7.0% in the 1st quarter. BlackRock Inc. now owns 46,004,561 shares of the energy company’s stock valued at $199,198,000 after buying an additional 2,997,864 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its position in shares of Southwestern Energy by 81.5% in the 1st quarter. Disciplined Growth Investors Inc. MN now owns 12,487,570 shares of the energy company’s stock valued at $54,071,000 after buying an additional 5,608,144 shares during the last quarter. Millennium Management LLC grew its position in shares of Southwestern Energy by 10.1% in the 1st quarter. Millennium Management LLC now owns 9,990,526 shares of the energy company’s stock valued at $43,259,000 after buying an additional 916,275 shares during the last quarter. Encompass Capital Advisors LLC grew its position in shares of Southwestern Energy by 10.9% in 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 buying an additional 862,553 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its position in shares of Southwestern Energy by 0.5% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 7,629,711 shares of the energy company’s stock valued at $33,037,000 after buying an additional 36,511 shares during the last quarter. Hedge funds and other institutional investors own 85.80% of the company’s stock.

About Southwestern Energy

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.

The Fly

Analyst Recommendations for Southwestern Energy (NYSE:SWN)

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