Southwestern Energy (NYSE:SWN) Given “Neutral” Rating at Piper Sandler

Piper Sandler reissued their neutral rating on shares of Southwestern Energy (NYSE:SWN) in a report published on Friday morning, MarketBeat Ratings reports. The firm currently has a $7.00 price target on the energy company’s stock, down from their previous price target of $8.00.

SWN has been the subject of several other research reports. Citigroup increased their target price on shares of Southwestern Energy from $8.00 to $8.24 and gave the stock a buy rating in a report on Friday, January 12th. Mizuho upgraded shares of Southwestern Energy from an underperform rating to a neutral rating and increased their price target for the company from $6.00 to $9.00 in a research note on Monday, February 26th. Scotiabank cut shares of Southwestern Energy from a sector outperform rating to a sector perform rating and increased their price target for the company from $9.00 to $9.50 in a research note on Thursday, April 11th. StockNews.com began coverage on shares of Southwestern Energy in a research note on Friday, April 12th. They issued a hold rating for the company. Finally, Susquehanna increased their price target on shares of Southwestern Energy from $6.50 to $7.00 and gave the company a neutral rating in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of $8.04.

Southwestern Energy Stock Performance

Shares of SWN opened at $7.29 on Friday. Southwestern Energy has a 12 month low of $4.57 and a 12 month high of $7.69. The firm has a fifty day simple moving average of $7.13 and a 200 day simple moving average of $6.82. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 5.17 and a beta of 1.12. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67.

Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, February 22nd. The energy company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The firm’s revenue was down 49.9% on a year-over-year basis. Research analysts forecast that Southwestern Energy will post 0.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Southwestern Energy

Several large investors have recently modified their holdings of SWN. Price T Rowe Associates Inc. MD raised its position in shares of Southwestern Energy by 4,550.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,735,368 shares of the energy company’s stock valued at $108,678,000 after purchasing an additional 21,268,002 shares during the period. Kimmeridge Energy Management Company LLC bought a new position in Southwestern Energy during the fourth quarter worth about $120,352,000. Invesco Ltd. increased its position in Southwestern Energy by 269.1% during the first quarter. Invesco Ltd. now owns 13,958,070 shares of the energy company’s stock worth $100,079,000 after acquiring an additional 10,175,992 shares during the period. State Street Corp increased its position in Southwestern Energy by 21.5% during the first quarter. State Street Corp now owns 55,933,972 shares of the energy company’s stock worth $401,047,000 after acquiring an additional 9,882,224 shares during the period. Finally, Renaissance Technologies LLC increased its position in Southwestern Energy by 61.6% during the first quarter. Renaissance Technologies LLC now owns 25,513,925 shares of the energy company’s stock worth $127,570,000 after acquiring an additional 9,729,900 shares during the period. 86.97% of the stock is owned by institutional investors.

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.