Southwestern Energy (NYSE:SWN) Downgraded by Scotiabank

Scotiabank lowered shares of Southwestern Energy (NYSE:SWN) from a sector outperform rating to a sector perform rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. Scotiabank currently has $9.50 price target on the energy company’s stock, up from their prior price target of $9.00.

Other equities analysts have also issued reports about the stock. Seaport Res Ptn lowered shares of Southwestern Energy from a buy rating to a neutral rating in a research report on Wednesday, January 31st. Stifel Nicolaus reaffirmed a hold rating and set a $6.60 target price (down from $8.50) on shares of Southwestern Energy in a report on Tuesday, January 23rd. Susquehanna lifted their target price on shares of Southwestern Energy from $6.50 to $7.00 and gave the company a neutral rating in a report on Monday, March 4th. StockNews.com initiated coverage on shares of Southwestern Energy in a report on Thursday, April 4th. They set a hold rating for the company. Finally, Mizuho raised shares of Southwestern Energy from an underperform rating to a neutral rating and lifted their target price for the company from $6.00 to $9.00 in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Southwestern Energy presently has an average rating of Hold and an average price target of $8.11.

Southwestern Energy Stock Performance

SWN opened at $7.42 on Thursday. Southwestern Energy has a 12-month low of $4.57 and a 12-month high of $7.69. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $8.17 billion, a PE ratio of 5.26 and a beta of 1.12. The firm has a 50 day moving average of $7.05 and a two-hundred day moving average of $6.79.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm posted $0.26 EPS. Southwestern Energy’s revenue for the quarter was down 49.9% compared to the same quarter last year. On average, analysts anticipate that Southwestern Energy will post 0.62 EPS for the current year.

Institutional Investors Weigh In On Southwestern Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in SWN. Rise Advisors LLC acquired a new position in shares of Southwestern Energy during the 1st quarter valued at about $25,000. Pingora Partners LLC acquired a new position in shares of Southwestern Energy during the 4th quarter valued at about $30,000. Parkside Financial Bank & Trust boosted its position in shares of Southwestern Energy by 481.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock valued at $30,000 after acquiring an additional 3,854 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Southwestern Energy by 390.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,400 shares of the energy company’s stock valued at $35,000 after acquiring an additional 4,300 shares during the last quarter. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Southwestern Energy during the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 86.97% of the company’s stock.

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.