Southwestern Energy (NYSE:SWN) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Southwestern Energy (NYSE:SWN) in a note issued to investors on Tuesday. The firm set a “hold” rating on the energy company’s stock.

SWN has been the subject of several other research reports. Susquehanna lowered their price objective on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a research note on Monday, August 19th. Scotiabank decreased their price target on shares of Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 20th. 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. Mizuho raised their target price on Southwestern Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, Piper Sandler dropped their price target on Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Southwestern Energy currently has an average rating of “Hold” and a consensus price target of $8.50.

Southwestern Energy Stock Performance

Shares of SWN opened at $6.04 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.01. The firm’s fifty day simple moving average is $6.46 and its two-hundred day simple moving average is $6.97. Southwestern Energy has a 12 month low of $5.85 and a 12 month high of $7.80. The stock has a market capitalization of $6.66 billion, a P/E ratio of -3.47 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, August 1st. The energy company reported $0.10 EPS for the quarter, beating the consensus estimate 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 10.55% and a negative net margin of 48.91%. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 EPS. As a group, analysts predict that Southwestern Energy will post 0.61 EPS for the current year.

Hedge Funds Weigh In On Southwestern Energy

Several large investors have recently bought and sold shares of SWN. Millennium Management LLC raised its holdings in shares of Southwestern Energy by 97.0% in the second quarter. Millennium Management LLC now owns 24,923,413 shares of the energy company’s stock valued at $167,735,000 after purchasing an additional 12,270,110 shares during the last quarter. Magnetar Financial LLC increased its stake 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 valued at $93,691,000 after buying an additional 12,013,898 shares during the last quarter. KRYGER CAPITAL Ltd bought a new position in shares of Southwestern Energy during the 1st quarter worth approximately $76,543,000. Dimensional Fund Advisors LP lifted its position in shares of Southwestern Energy by 21.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 48,926,369 shares of the energy company’s stock worth $329,276,000 after buying an additional 8,741,562 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Southwestern Energy by 14.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock worth $298,381,000 after buying an additional 4,968,002 shares during the last quarter. 86.97% of the stock is currently 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.