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

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

Other research analysts also recently issued reports about the stock. Scotiabank decreased their price target on shares of Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 20th. Susquehanna cut their target price on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a research note on Monday, August 19th. Wolfe Research assumed coverage on shares of Southwestern Energy in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Piper Sandler cut their target price on shares of Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Finally, UBS Group dropped their price objective on shares of Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Southwestern Energy presently has a consensus rating of “Hold” and an average target price of $7.98.

Southwestern Energy Stock Performance

NYSE:SWN opened at $7.11 on Friday. The company’s 50 day moving average price is $6.70 and its 200-day moving average price is $6.86. Southwestern Energy has a 52 week low of $5.85 and a 52 week high of $7.80. 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 market cap of $7.84 billion, a price-to-earnings ratio of -4.09 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 earnings per share. On average, equities research analysts forecast that Southwestern Energy will post 0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Southwestern Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SWN. State of Michigan Retirement System raised its holdings in shares of Southwestern Energy by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 270,500 shares of the energy company’s stock valued at $2,050,000 after purchasing an additional 6,200 shares in the last quarter. Norden Group LLC purchased a new stake in shares of Southwestern Energy during the first quarter worth about $318,000. Fruth Investment Management boosted its position in Southwestern Energy by 14.4% in the first quarter. Fruth Investment Management now owns 12,236 shares of the energy company’s stock valued at $92,000 after buying an additional 1,536 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Southwestern Energy in the first quarter valued at approximately $146,000. Finally, Montgomery Investment Management Inc. purchased a new stake in Southwestern Energy in the first quarter valued at approximately $152,000. Institutional investors 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.