StockNews.com Begins Coverage on Southwestern Energy (NYSE:SWN)

StockNews.com started coverage on shares of Southwestern Energy (NYSE:SWN) in a research report released on Saturday. The firm issued a hold rating on the energy company’s stock.

A number of other research analysts also recently issued reports on the company. Stifel Nicolaus upped their price target on Southwestern Energy from $6.60 to $7.60 and gave the company a hold rating in a report on Tuesday, April 23rd. Susquehanna dropped their price target on shares of Southwestern Energy from $8.00 to $7.00 and set a neutral rating on the stock in a report on Monday, July 22nd. 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. Wolfe Research began coverage on shares of Southwestern Energy in a research report on Thursday, July 18th. They issued a peer perform rating for the company. Finally, Piper Sandler reissued a neutral rating and issued a $7.00 target price (down from $8.00) on shares of Southwestern Energy in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $8.42.

Southwestern Energy Stock Down 1.6 %

SWN stock opened at $6.13 on Friday. The firm has a market capitalization of $6.76 billion, a PE ratio of -3.52 and a beta of 1.17. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.01. The stock has a 50-day simple moving average of $6.70 and a two-hundred day simple moving average of $7.00. Southwestern Energy has a twelve month low of $5.85 and a twelve month high of $7.80.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.12 billion. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The firm’s revenue was down 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. On average, equities analysts predict that Southwestern Energy will post 0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Southwestern Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SWN. Dimensional Fund Advisors LP lifted its holdings in shares of Southwestern Energy by 21.8% during the second quarter. Dimensional Fund Advisors LP now owns 48,926,369 shares of the energy company’s stock worth $329,276,000 after purchasing an additional 8,741,562 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Southwestern Energy by 14.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock valued at $298,381,000 after acquiring an additional 4,968,002 shares during the last quarter. Kopernik Global Investors LLC increased its holdings in Southwestern Energy by 0.7% during the 4th quarter. Kopernik Global Investors LLC now owns 21,007,377 shares of the energy company’s stock valued at $137,598,000 after acquiring an additional 143,007 shares in the last quarter. Magnetar Financial LLC raised its position in Southwestern Energy by 3,468.3% during the first quarter. Magnetar Financial LLC now owns 12,360,286 shares of the energy company’s stock worth $93,691,000 after acquiring an additional 12,013,898 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Southwestern Energy by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,444,522 shares of the energy company’s stock valued at $68,412,000 after purchasing an additional 203,452 shares in the last quarter. 86.97% of the stock is owned by institutional investors and hedge funds.

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.