Southwestern Energy (NYSE:SWN) PT Raised to $7.00

Southwestern Energy (NYSE:SWN) had its target price hoisted by Raymond James from $6.50 to $7.00 in a research note released on Tuesday morning, reports. The firm currently has an outperform rating on the energy company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their price target on shares of Southwestern Energy from $8.00 to $7.00 and set an equal weight rating on the stock in a report on Monday, August 23rd. Morgan Stanley raised their target price on shares of Southwestern Energy from $5.00 to $6.00 and gave the stock an equal weight rating in a report on Friday, June 18th. Mizuho restated a buy rating on shares of Southwestern Energy in a report on Friday, September 10th. Wolfe Research upgraded shares of Southwestern Energy from a peer perform rating to an outperform rating and raised their target price for the stock from $5.00 to $7.00 in a report on Thursday, July 22nd. Finally, Susquehanna upgraded shares of Southwestern Energy from a neutral rating to a positive rating in a report on Monday, July 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of $5.52.

NYSE:SWN opened at $5.16 on Tuesday. The company’s 50 day moving average price is $4.78 and its 200-day moving average price is $4.79. Southwestern Energy has a 52 week low of $2.18 and a 52 week high of $5.85. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.80. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of -2.63 and a beta of 1.44.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Wednesday, July 28th. The energy company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Southwestern Energy had a negative net margin of 35.41% and a positive return on equity of 135.54%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $884.62 million. As a group, sell-side analysts anticipate that Southwestern Energy will post 1.2 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in SWN. Rockefeller Capital Management L.P. increased its holdings in Southwestern Energy by 4,435.5% in the 1st quarter. Rockefeller Capital Management L.P. now owns 11,248 shares of the energy company’s stock valued at $52,000 after acquiring an additional 11,000 shares during the last quarter. Capital Investment Advisory Services LLC bought a new stake in Southwestern Energy in the 1st quarter valued at $57,000. Axiom Investment Management LLC bought a new stake in Southwestern Energy in the 1st quarter valued at $59,000. Advisor Partners LLC bought a new stake in Southwestern Energy in the 1st quarter valued at $60,000. Finally, Man Group plc bought a new stake in Southwestern Energy in the 2nd quarter valued at $68,000. Institutional investors own 93.17% of the company’s stock.

About Southwestern Energy

Southwestern Energy Co is a holding company, which engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs). It operates through the Exploration and Production (E&P), and Marketing segments. The E&P segment includes operations in northeast Pennsylvania, West Virginia, and southwest Pennsylvania, The Marketing segment deals in the marketing and transportation of natural gas, oil and NGLs primarily produced in E&P.

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