Stifel Nicolaus Boosts Southwestern Energy (NYSE:SWN) Price Target to $7.60

Southwestern Energy (NYSE:SWN) had its price target upped by Stifel Nicolaus from $6.60 to $7.60 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a hold rating on the energy company’s stock.

Several other equities analysts have also recently issued reports on the company. UBS Group raised their price objective on Southwestern Energy from $6.00 to $6.25 and gave the stock a neutral rating in a research note on Thursday, January 18th. StockNews.com began coverage on Southwestern Energy in a report on Saturday, April 20th. They issued a hold rating on the stock. Mizuho upgraded Southwestern Energy from an underperform rating to a neutral rating and upped their price objective for the stock from $6.00 to $9.00 in a research note on Monday, February 26th. Piper Sandler reaffirmed a neutral rating and issued a $7.00 target price (down from $8.00) on shares of Southwestern Energy in a research report on Friday, April 19th. Finally, Citigroup boosted their price target on shares of Southwestern Energy from $8.00 to $8.24 and gave the company a buy rating in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $8.14.

Southwestern Energy Trading Up 0.8 %

SWN opened at $7.71 on Tuesday. Southwestern Energy has a 12-month low of $4.57 and a 12-month high of $7.73. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $8.49 billion, a PE ratio of 5.47 and a beta of 1.12. The firm’s fifty day moving average price is $7.24 and its 200 day moving average price is $6.86.

Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm earned $0.26 EPS. The company’s revenue was down 49.9% on a year-over-year basis. As a group, research analysts expect that Southwestern Energy will post 0.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Southwestern Energy

A number of hedge funds have recently modified their holdings of the stock. CWM LLC lifted its stake in Southwestern Energy by 42.5% during the third quarter. CWM LLC now owns 13,238 shares of the energy company’s stock valued at $85,000 after buying an additional 3,950 shares in the last quarter. SG Americas Securities LLC boosted its stake in Southwestern Energy by 34.0% in the 3rd quarter. SG Americas Securities LLC now owns 54,040 shares of the energy company’s stock worth $349,000 after purchasing an additional 13,712 shares during the period. Oak Thistle LLC purchased a new position in Southwestern Energy during the 3rd quarter worth approximately $657,000. Covenant Partners LLC purchased a new stake in shares of Southwestern Energy in the third quarter valued at $93,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Southwestern Energy by 118.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 75,479 shares of the energy company’s stock worth $487,000 after buying an additional 41,000 shares during the period. 86.97% of the stock is currently owned by institutional investors and hedge funds.

About Southwestern Energy

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.