Southwestern Energy (NYSE:SWN) Receives $8.50 Average PT from Brokerages

Shares of Southwestern Energy (NYSE:SWN) have received a consensus recommendation of “Hold” from the twelve analysts that are covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $8.50.

SWN has been the subject of several research analyst reports. Susquehanna lowered their target price on Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a research note on Monday, August 19th. Mizuho upped their price objective on shares of Southwestern Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. StockNews.com initiated coverage on shares of Southwestern Energy in a research report on Tuesday. They issued a “hold” rating on the stock. Wolfe Research started coverage on shares of Southwestern Energy in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Scotiabank dropped their price target on 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.

Institutional Investors Weigh In On Southwestern Energy

Institutional investors have recently made changes to their positions in the stock. Bank of Nova Scotia acquired a new position in shares of Southwestern Energy in the fourth quarter worth approximately $4,434,000. Price T Rowe Associates Inc. MD lifted its position 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 purchasing an additional 4,968,002 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Southwestern Energy by 7.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 29,332,203 shares of the energy company’s stock valued at $192,133,000 after purchasing an additional 1,924,108 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Southwestern Energy by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,444,522 shares of the energy company’s stock worth $68,412,000 after buying an additional 203,452 shares during the period. Finally, Annex Advisory Services LLC raised its stake in Southwestern Energy by 18.8% during the fourth quarter. Annex Advisory Services LLC now owns 977,353 shares of the energy company’s stock worth $6,402,000 after buying an additional 154,496 shares during the last quarter. Institutional investors own 86.97% of the company’s stock.

Southwestern Energy Stock Performance

NYSE SWN opened at $6.13 on Friday. The firm’s 50 day simple moving average is $6.45 and its 200 day simple moving average is $6.96. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.01. Southwestern Energy has a 1 year low of $5.85 and a 1 year high of $7.80.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the business posted $0.09 EPS. The company’s revenue was down 14.7% compared to the same quarter last year. On average, equities analysts expect that Southwestern Energy will post 0.61 earnings per share for the current fiscal year.

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.