Brokerages Set Southwestern Energy (NYSE:SWN) Price Target at $8.25

Southwestern Energy (NYSE:SWN) has been assigned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.25.

A number of brokerages have commented on SWN. Seaport Res Ptn downgraded shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st. Mizuho increased their price objective on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. StockNews.com began coverage on shares of Southwestern Energy in a research report on Wednesday. They issued a “hold” rating on the stock. Scotiabank downgraded shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the company from $9.00 to $9.50 in a research report on Thursday, April 11th. Finally, Susquehanna increased their price objective on shares of Southwestern Energy from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, May 16th.

Southwestern Energy Price Performance

Shares of SWN opened at $7.39 on Wednesday. Southwestern Energy has a fifty-two week low of $4.72 and a fifty-two week high of $7.80. The firm’s 50 day moving average price is $7.41 and its 200 day moving average price is $6.90. The company has a market cap of $8.15 billion, a P/E ratio of -4.25 and a beta of 1.15. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.83.

Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, May 2nd. The energy company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). Southwestern Energy had a positive return on equity of 9.00% and a negative net margin of 32.93%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company earned $0.31 earnings per share. Southwestern Energy’s quarterly revenue was down 33.1% on a year-over-year basis. On average, research analysts forecast that Southwestern Energy will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of Southwestern Energy

A number of large investors have recently bought and sold shares of SWN. Kimmeridge Energy Management Company LLC acquired a new stake in Southwestern Energy during the 4th quarter worth $120,352,000. Magnetar Financial LLC boosted its stake in Southwestern Energy by 3,468.3% during the 1st quarter. Magnetar Financial LLC now owns 12,360,286 shares of the energy company’s stock worth $93,691,000 after purchasing an additional 12,013,898 shares during the period. KRYGER CAPITAL Ltd acquired a new stake in Southwestern Energy during the 1st quarter worth $76,543,000. FMR LLC boosted its stake in Southwestern Energy by 32.3% during the 3rd quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock worth $256,613,000 after purchasing an additional 9,709,483 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Southwestern Energy by 14.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock worth $298,381,000 after purchasing an additional 4,968,002 shares during the period. Institutional investors and hedge funds own 86.97% of the company’s stock.

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.