Southwestern Energy (NYSE:SWN) PT Lowered to $6.50

Southwestern Energy (NYSE:SWN) had its price objective lowered by Susquehanna from $7.00 to $6.50 in a research report report published on Monday, Benzinga reports. The brokerage currently has a neutral rating on the energy company’s stock.

Several other research firms also recently weighed in on SWN. StockNews.com started coverage on shares of Southwestern Energy in a report on Sunday, August 18th. They set a hold rating on the stock. Piper Sandler lowered their price objective on shares of Southwestern Energy from $7.00 to $6.00 and set a neutral rating on the stock in a report on Thursday, August 15th. Stifel Nicolaus upped their price objective on shares of Southwestern Energy from $6.60 to $7.60 and gave the stock a hold rating in a report on Tuesday, April 23rd. Wolfe Research assumed coverage on shares of Southwestern Energy in a report on Thursday, July 18th. They set a peer perform rating on the stock. Finally, Mizuho raised their price target on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a neutral rating in a research report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $8.27.

Southwestern Energy Stock Down 1.1 %

Shares of NYSE SWN opened at $6.15 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.01. The company’s fifty day simple moving average is $6.58 and its 200 day simple moving average is $6.98. Southwestern Energy has a 12-month low of $5.85 and a 12-month high of $7.80. The firm has a market cap of $6.78 billion, a PE ratio of -3.53 and a beta of 1.17.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the company posted $0.09 earnings per share. The business’s revenue was down 14.7% on a year-over-year basis. As a group, sell-side analysts forecast that Southwestern Energy will post 0.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Southwestern Energy by 21.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 48,926,369 shares of the energy company’s stock worth $329,276,000 after purchasing an additional 8,741,562 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Southwestern Energy by 14.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock valued at $298,381,000 after buying an additional 4,968,002 shares during the period. Millennium Management LLC lifted its position in shares of Southwestern Energy by 97.0% during the 2nd quarter. Millennium Management LLC now owns 24,923,413 shares of the energy company’s stock valued at $167,735,000 after buying an additional 12,270,110 shares during the last quarter. Kopernik Global Investors LLC grew its stake in shares of Southwestern Energy by 0.7% during the 4th quarter. Kopernik Global Investors LLC now owns 21,007,377 shares of the energy company’s stock worth $137,598,000 after acquiring an additional 143,007 shares during the period. Finally, Magnetar Financial LLC increased its holdings in Southwestern Energy by 3,468.3% in the 1st quarter. Magnetar Financial LLC now owns 12,360,286 shares of the energy company’s stock worth $93,691,000 after acquiring an additional 12,013,898 shares during the last quarter. 86.97% of the stock is owned by institutional investors.

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.