Southwestern Energy (NYSE:SWN) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Southwestern Energy (NYSE:SWN) in a research note released on Thursday morning. The brokerage issued a sell rating on the energy company’s stock.

Several other research firms have also issued reports on SWN. UBS Group dropped their target price on Southwestern Energy from $7.50 to $7.00 and set a neutral rating on the stock in a report on Wednesday, September 18th. Wolfe Research initiated coverage on Southwestern Energy in a report on Thursday, July 18th. They issued a peer perform rating for the company. Scotiabank lowered their target price on shares of Southwestern Energy from $9.50 to $9.00 and set a sector perform rating on the stock in a report on Tuesday, August 20th. Susquehanna cut their price target 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. Finally, 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 research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $7.98.

Southwestern Energy Price Performance

NYSE SWN opened at $7.11 on Thursday. The firm’s 50 day moving average is $6.47 and its 200-day moving average is $6.90. 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 has a market capitalization of $7.84 billion, a PE ratio of -4.09 and a beta of 1.12. Southwestern Energy has a 12-month low of $5.85 and a 12-month high of $7.80.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.12 billion. During the same period in the previous year, the business earned $0.09 EPS. The company’s revenue was down 14.7% compared to the same quarter last year. Equities research analysts anticipate that Southwestern Energy will post 0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Southwestern Energy

A number of institutional investors have recently made changes to their positions in the company. Fruth Investment Management grew its stake in shares of Southwestern Energy by 14.4% in the first quarter. Fruth Investment Management now owns 12,236 shares of the energy company’s stock valued at $92,000 after acquiring an additional 1,536 shares in the last quarter. Joule Financial LLC raised its position in shares of Southwestern Energy by 3.4% in the second quarter. Joule Financial LLC now owns 55,421 shares of the energy company’s stock valued at $373,000 after buying an additional 1,806 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of Southwestern Energy by 2.1% in the second quarter. Confluence Investment Management LLC now owns 88,912 shares of the energy company’s stock valued at $598,000 after buying an additional 1,825 shares during the period. TD Asset Management Inc grew its position in Southwestern Energy by 0.4% during the second quarter. TD Asset Management Inc now owns 590,130 shares of the energy company’s stock worth $3,972,000 after buying an additional 2,130 shares in the last quarter. Finally, CWM LLC increased its stake in Southwestern Energy by 17.8% during the 1st quarter. CWM LLC now owns 15,136 shares of the energy company’s stock worth $115,000 after acquiring an additional 2,289 shares during the period. Institutional investors own 86.97% of the company’s stock.

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.