Southwestern Energy (NYSE:SWN) has been given an average rating of “Hold” by the twenty-six analysts that are covering the company, MarketBeat reports. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $8.83.
Several research firms recently weighed in on SWN. Piper Jaffray Companies cut their price target on shares of Southwestern Energy from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday, September 18th. BMO Capital Markets set a $9.00 price target on shares of Southwestern Energy and gave the stock a “buy” rating in a report on Tuesday, November 14th. Cowen set a $9.00 price target on shares of Southwestern Energy and gave the stock a “buy” rating in a report on Wednesday, October 18th. Credit Suisse Group began coverage on shares of Southwestern Energy in a research note on Monday, December 11th. They issued a “neutral” rating and a $6.00 target price on the stock. Finally, Robert W. Baird reiterated a “hold” rating and issued a $8.00 target price on shares of Southwestern Energy in a research note on Tuesday, September 26th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Shell Asset Management Co. bought a new stake in shares of Southwestern Energy in the third quarter valued at approximately $1,880,000. Brookfield Asset Management Inc. bought a new stake in shares of Southwestern Energy in the second quarter valued at approximately $3,040,000. Ameriprise Financial Inc. raised its position in shares of Southwestern Energy by 85.6% in the second quarter. Ameriprise Financial Inc. now owns 1,570,697 shares of the energy company’s stock valued at $9,550,000 after purchasing an additional 724,639 shares during the period. Bridgewater Associates LP raised its position in shares of Southwestern Energy by 117.5% in the second quarter. Bridgewater Associates LP now owns 8,234,921 shares of the energy company’s stock valued at $50,068,000 after purchasing an additional 4,449,396 shares during the period. Finally, Icon Advisers Inc. Co. raised its position in shares of Southwestern Energy by 19.9% in the second quarter. Icon Advisers Inc. Co. now owns 903,900 shares of the energy company’s stock valued at $5,496,000 after purchasing an additional 150,200 shares during the period. 88.52% of the stock is currently owned by institutional investors.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings results on Thursday, October 26th. The energy company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The firm had revenue of $737.00 million for the quarter, compared to analysts’ expectations of $773.99 million. During the same quarter last year, the firm posted $0.03 earnings per share. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. analysts predict that Southwestern Energy will post 0.44 EPS for the current year.
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.
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