Southwestern Energy (NYSE:SWN) Price Target Increased to $7.60 by Analysts at Stifel Nicolaus

Southwestern Energy (NYSE:SWN) had its target price boosted by investment analysts at Stifel Nicolaus from $6.60 to $7.60 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the energy company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 0.07% from the stock’s previous close.

Several other brokerages also recently issued reports on SWN. Scotiabank downgraded Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and lifted their price objective for the company from $9.00 to $9.50 in a research report on Thursday, April 11th. StockNews.com assumed coverage on Southwestern Energy in a research report on Saturday, April 20th. They set a “hold” rating for the company. Citigroup boosted their target price on Southwestern Energy from $8.00 to $8.24 and gave the stock a “buy” rating in a research report on Friday, January 12th. Susquehanna boosted their target price on Southwestern Energy from $7.00 to $7.50 and gave the stock a “neutral” rating in a research report on Monday. Finally, Seaport Res Ptn downgraded Southwestern Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.14.

Southwestern Energy Price Performance

Southwestern Energy stock opened at $7.60 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $8.37 billion, a PE ratio of 5.39 and a beta of 1.12. Southwestern Energy has a one year low of $4.57 and a one year high of $7.69. The business has a 50 day simple moving average of $7.20 and a 200 day simple moving average of $6.85.

Southwestern Energy (NYSE:SWN) last posted 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 return on equity of 11.74% and a net margin of 23.87%. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company earned $0.26 EPS. Southwestern Energy’s revenue was down 49.9% on a year-over-year basis. On average, sell-side analysts forecast that Southwestern Energy will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Southwestern Energy

A number of institutional investors have recently made changes to their positions in SWN. Kimmeridge Energy Management Company LLC acquired a new stake in shares of Southwestern Energy during the fourth quarter worth $120,352,000. FMR LLC grew its stake in Southwestern Energy by 32.3% in the third quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock valued at $256,613,000 after acquiring an additional 9,709,483 shares during the period. Mackenzie Financial Corp grew its stake in Southwestern Energy by 11,994.8% in the third quarter. Mackenzie Financial Corp now owns 2,803,943 shares of the energy company’s stock valued at $17,132,000 after acquiring an additional 2,780,760 shares during the period. Invesco Ltd. grew its stake in Southwestern Energy by 13.7% in the third quarter. Invesco Ltd. now owns 22,735,475 shares of the energy company’s stock valued at $146,644,000 after acquiring an additional 2,744,656 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Southwestern Energy by 55.8% in the fourth quarter. Principal Financial Group Inc. now owns 6,330,974 shares of the energy company’s stock valued at $41,468,000 after acquiring an additional 2,268,429 shares during the period. 86.97% of the stock is owned by institutional investors and hedge funds.

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.