Southwestern Energy (NYSE:SWN) PT Lowered to $9.00

Southwestern Energy (NYSE:SWN) had its price objective lowered by Scotiabank from $9.50 to $9.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “sector perform” rating on the energy company’s stock. Scotiabank’s target price suggests a potential upside of 41.96% from the company’s current price.

A number of other equities analysts also recently weighed in on SWN. Wolfe Research initiated coverage on Southwestern Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Mizuho boosted their target price on Southwestern Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Susquehanna decreased their price objective on Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a report on Monday. Stifel Nicolaus upped their price objective on shares of Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a report on Tuesday, April 23rd. Finally, StockNews.com started coverage on shares of Southwestern Energy in a research report on Sunday. They issued a “hold” rating on the stock. One research 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.27.

Southwestern Energy Stock Down 0.3 %

Shares of SWN traded down $0.02 on Tuesday, reaching $6.34. The company’s stock had a trading volume of 957,898 shares, compared to its average volume of 16,985,369. The stock has a market capitalization of $6.99 billion, a PE ratio of -3.65 and a beta of 1.17. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.01. Southwestern Energy has a twelve month low of $5.85 and a twelve month high of $7.80. The firm has a fifty day moving average of $6.62 and a 200-day moving average of $6.99.

Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. Southwestern Energy’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Equities analysts predict that Southwestern Energy will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Rise Advisors LLC purchased a new position in shares of Southwestern Energy during the 1st quarter valued at about $25,000. Parkside Financial Bank & Trust boosted its stake in shares of Southwestern Energy by 481.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock valued at $30,000 after purchasing an additional 3,854 shares in the last quarter. Pingora Partners LLC bought a new position in shares of Southwestern Energy during the 4th quarter valued at $30,000. Larson Financial Group LLC raised its position in Southwestern Energy by 4,752.1% in the 2nd quarter. Larson Financial Group LLC now owns 5,871 shares of the energy company’s stock worth $40,000 after purchasing an additional 5,750 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in Southwestern Energy in the first quarter worth $43,000. 86.97% of the stock is currently 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.