Southwestern Energy Company (SWN) Raised to Market Perform at Wolfe Research

Wolfe Research upgraded shares of Southwestern Energy Company (NYSE:SWN) from an underperform rating to a market perform rating in a research note issued to investors on Wednesday. Wolfe Research currently has $7.00 price objective on the energy company’s stock, up from their previous price objective of $6.00.

Other research analysts have also recently issued reports about the company. Royal Bank Of Canada set a $10.00 price target on Southwestern Energy and gave the company a hold rating in a research note on Saturday, June 10th. Scotiabank set a $9.00 price target on Southwestern Energy and gave the company a hold rating in a research note on Saturday, July 1st. BidaskClub cut Southwestern Energy from a sell rating to a strong sell rating in a research note on Thursday, July 27th. Zacks Investment Research cut Southwestern Energy from a hold rating to a sell rating in a research note on Thursday, July 27th. Finally, Stifel Nicolaus reiterated a buy rating on shares of Southwestern Energy in a research note on Thursday, September 14th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $12.00.

Southwestern Energy (NYSE SWN) opened at 6.02 on Wednesday. The company’s 50 day moving average price is $5.44 and its 200 day moving average price is $6.50. The company’s market cap is $3.00 billion. Southwestern Energy has a 52-week low of $5.00 and a 52-week high of $14.98.

Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.08). Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The business had revenue of $811.00 million for the quarter, compared to the consensus estimate of $810.00 million. During the same quarter in the previous year, the company earned ($0.09) earnings per share. The firm’s revenue for the quarter was up 55.4% on a year-over-year basis. Equities research analysts anticipate that Southwestern Energy will post $0.54 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Brookfield Asset Management Inc. acquired a new stake in shares of Southwestern Energy in the 2nd quarter valued at about $3,040,000. Cetera Investment Advisers bought a new position in Southwestern Energy in the 2nd quarter valued at about $108,000. Dynamic Technology Lab Private Ltd lifted its position in Southwestern Energy by 389.7% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 133,544 shares of the energy company’s stock valued at $812,000 after acquiring an additional 106,273 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Southwestern Energy by 51.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 988,072 shares of the energy company’s stock valued at $6,007,000 after acquiring an additional 335,203 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its position in Southwestern Energy by 57.2% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 6,840,087 shares of the energy company’s stock valued at $41,588,000 after acquiring an additional 2,487,525 shares in the last quarter. Institutional investors own 89.50% of the company’s stock.

Southwestern Energy Company Profile

Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.

Analyst Recommendations for Southwestern Energy (NYSE:SWN)

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