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

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

SWN has been the topic of a number of other research reports. Scotiabank lowered Southwestern Energy from a sector outperform rating to a sector perform rating and boosted their price objective for the stock from $9.00 to $9.50 in a research note on Thursday, April 11th. Mizuho upped their price target on Southwestern Energy from $9.00 to $10.00 and gave the company a neutral rating in a research note on Monday, May 13th. Wolfe Research began coverage on Southwestern Energy in a research note on Thursday, July 18th. They set a peer perform rating on the stock. Stifel Nicolaus upped their price target on Southwestern Energy from $6.60 to $7.60 and gave the company a hold rating in a research note on Tuesday, April 23rd. Finally, Piper Sandler reaffirmed a neutral rating and set a $7.00 price target (down previously from $8.00) on shares of Southwestern Energy in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Southwestern Energy currently has a consensus rating of Hold and an average price target of $8.42.

Southwestern Energy Stock Performance

Shares of NYSE:SWN opened at $6.03 on Friday. The business’s fifty day moving average price is $6.85 and its two-hundred day moving average price is $7.01. Southwestern Energy has a fifty-two week low of $5.85 and a fifty-two week high of $7.80. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of -3.47 and a beta of 1.17. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.62 and a quick ratio of 0.62.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.12 billion. Southwestern Energy had a positive return on equity of 9.68% and a negative net margin of 48.91%. The business’s revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. As a group, analysts predict that Southwestern Energy will post 0.59 EPS for the current fiscal year.

Institutional Trading of Southwestern Energy

Several hedge funds have recently added to or reduced their stakes in the business. Fruth Investment Management raised its stake in Southwestern Energy by 14.4% during the 1st quarter. Fruth Investment Management now owns 12,236 shares of the energy company’s stock worth $92,000 after buying an additional 1,536 shares during the period. Lindbrook Capital LLC increased its holdings in Southwestern Energy by 30.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock worth $44,000 after purchasing an additional 1,564 shares in the last quarter. Joule Financial LLC increased its holdings in Southwestern Energy by 3.4% during the 2nd quarter. Joule Financial LLC now owns 55,421 shares of the energy company’s stock worth $373,000 after purchasing an additional 1,806 shares in the last quarter. Confluence Investment Management LLC increased its holdings in Southwestern Energy by 2.1% during the 2nd quarter. Confluence Investment Management LLC now owns 88,912 shares of the energy company’s stock worth $598,000 after purchasing an additional 1,825 shares in the last quarter. Finally, TD Asset Management Inc increased its holdings in Southwestern Energy by 0.4% during the 2nd quarter. TD Asset Management Inc now owns 590,130 shares of the energy company’s stock worth $3,972,000 after purchasing an additional 2,130 shares in the last quarter. Institutional investors and hedge funds own 86.97% of the company’s stock.

Southwestern Energy Company Profile

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.