Southwestern Energy (NYSE:SWN) Now Covered by StockNews.com

StockNews.com began coverage on shares of Southwestern Energy (NYSE:SWN) in a research report sent to investors on Monday morning. The firm issued a hold rating on the energy company’s stock.

A number of other analysts have also weighed in on SWN. Stifel Nicolaus raised their target price on shares of Southwestern Energy from $6.60 to $7.60 and gave the company a hold rating in a research report on Tuesday, April 23rd. Scotiabank downgraded Southwestern Energy from a sector outperform rating to a sector perform rating and raised their price objective for the company from $9.00 to $9.50 in a report on Thursday, April 11th. Mizuho upped their target price on Southwestern Energy from $9.00 to $10.00 and gave the stock a neutral rating in a report on Monday, May 13th. Susquehanna increased their target price on Southwestern Energy from $7.50 to $8.00 and gave the company a neutral rating in a research report on Thursday, May 16th. Finally, Piper Sandler restated a neutral rating and set a $7.00 price target (down from $8.00) on shares of Southwestern Energy in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $8.25.

Southwestern Energy Price Performance

Southwestern Energy stock opened at $6.91 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.62 and a current ratio of 0.62. Southwestern Energy has a 52 week low of $5.59 and a 52 week high of $7.80. The stock has a market capitalization of $7.62 billion, a P/E ratio of -3.97 and a beta of 1.17. The stock has a fifty day moving average of $7.20 and a 200-day moving average of $7.01.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, May 2nd. The energy company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). Southwestern Energy had a positive return on equity of 9.00% and a negative net margin of 32.93%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm posted $0.31 EPS. The firm’s revenue was down 33.1% compared to the same quarter last year. On average, sell-side analysts expect that Southwestern Energy will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Southwestern Energy

Large investors have recently modified their holdings of the company. Bank of Nova Scotia bought a new stake in Southwestern Energy during the fourth quarter valued at $4,434,000. Dimensional Fund Advisors LP grew its stake in Southwestern Energy by 7.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 29,332,203 shares of the energy company’s stock worth $192,133,000 after purchasing an additional 1,924,108 shares during the period. Louisiana State Employees Retirement System bought a new stake in Southwestern Energy in the fourth quarter worth approximately $2,027,000. Charles Schwab Investment Management Inc. lifted its stake in Southwestern Energy by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,444,522 shares of the energy company’s stock valued at $68,412,000 after buying an additional 203,452 shares during the period. Finally, Annex Advisory Services LLC lifted its stake in Southwestern Energy by 18.8% in the fourth quarter. Annex Advisory Services LLC now owns 977,353 shares of the energy company’s stock valued at $6,402,000 after buying an additional 154,496 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.