Southwestern Energy (NYSE:SWN) Trading 0.5% Higher

Southwestern Energy (NYSE:SWNGet Rating)’s stock price traded up 0.5% on Thursday . The stock traded as high as $7.82 and last traded at $7.80. 573,951 shares traded hands during trading, a decline of 98% from the average session volume of 31,219,670 shares. The stock had previously closed at $7.76.

Several research firms recently commented on SWN. Raymond James lifted their price objective on Southwestern Energy from $9.00 to $10.50 and gave the stock an “outperform” rating in a report on Monday, April 25th. Benchmark raised Southwestern Energy from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Wednesday. Susquehanna Bancshares lifted their target price on Southwestern Energy from $7.00 to $9.00 and gave the company a “positive” rating in a research note on Monday, April 25th. Mizuho lifted their price objective on Southwestern Energy from $7.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, April 8th. Finally, Wells Fargo & Company downgraded Southwestern Energy from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $8.00 to $10.00 in a research note on Monday, March 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9.00.

The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 2.04. The company has a fifty day moving average of $7.96 and a two-hundred day moving average of $6.07. The stock has a market capitalization of $8.10 billion, a price-to-earnings ratio of -2.25 and a beta of 1.07.

Southwestern Energy (NYSE:SWNGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The energy company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Southwestern Energy had a positive return on equity of 203.77% and a negative net margin of 32.56%. The firm’s quarterly revenue was up 174.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. Equities analysts anticipate that Southwestern Energy will post 1.54 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC raised its position in shares of Southwestern Energy by 28.1% in the 1st quarter. Lindbrook Capital LLC now owns 5,723 shares of the energy company’s stock valued at $41,000 after purchasing an additional 1,254 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Southwestern Energy by 1.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,636 shares of the energy company’s stock worth $636,000 after buying an additional 1,483 shares during the last quarter. D.A. Davidson & CO. grew its stake in Southwestern Energy by 7.2% during the 1st quarter. D.A. Davidson & CO. now owns 24,715 shares of the energy company’s stock worth $177,000 after buying an additional 1,668 shares during the last quarter. Aaron Wealth Advisors LLC bought a new position in shares of Southwestern Energy in the first quarter worth $356,000. Finally, Brookfield Asset Management Inc. grew its stake in shares of Southwestern Energy by 1.9% in the third quarter. Brookfield Asset Management Inc. now owns 180,990 shares of the energy company’s stock worth $1,003,000 after purchasing an additional 3,371 shares in the last quarter. 85.77% of the stock is currently owned by hedge funds and other institutional investors.

About Southwestern Energy (NYSE:SWN)

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.

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