Southwestern Energy (NYSE:SWN) Cut to Sector Perform at Scotiabank

Scotiabank cut shares of Southwestern Energy (NYSE:SWN) from a sector outperform rating to a sector perform rating in a research note issued to investors on Thursday morning, Marketbeat reports. Scotiabank currently has $9.50 target price on the energy company’s stock, up from their prior target price of $9.00.

A number of other brokerages have also recently issued reports on SWN. Seaport Res Ptn cut shares of Southwestern Energy from a buy rating to a neutral rating in a research report on Wednesday, January 31st. Susquehanna raised their price objective on shares of Southwestern Energy from $6.50 to $7.00 and gave the company a neutral rating in a research note on Monday, March 4th. Mizuho upgraded shares of Southwestern Energy from an underperform rating to a neutral rating and raised their price objective for the company from $6.00 to $9.00 in a research note on Monday, February 26th. Stifel Nicolaus restated a hold rating and set a $6.60 price objective (down from $8.50) on shares of Southwestern Energy in a research note on Tuesday, January 23rd. Finally, Citigroup raised their price objective on shares of Southwestern Energy from $8.00 to $8.24 and gave the company a buy rating in a research note on Friday, January 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Southwestern Energy currently has a consensus rating of Hold and an average target price of $8.11.

Southwestern Energy Trading Up 0.4 %

Shares of NYSE SWN opened at $7.42 on Thursday. Southwestern Energy has a 1 year low of $4.57 and a 1 year high of $7.69. The stock has a market cap of $8.17 billion, a P/E ratio of 5.26 and a beta of 1.12. The firm has a 50-day moving average of $7.05 and a 200 day moving average of $6.79. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.82 and a quick ratio of 0.82.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the company posted $0.26 EPS. Southwestern Energy’s revenue was down 49.9% on a year-over-year basis. As a group, sell-side analysts expect that Southwestern Energy will post 0.62 EPS for the current fiscal year.

Institutional Trading of Southwestern Energy

A number of large investors have recently made changes to their positions in SWN. Rise Advisors LLC purchased a new position in shares of Southwestern Energy in the first quarter worth approximately $25,000. Parkside Financial Bank & Trust boosted its holdings in shares of Southwestern Energy by 481.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock worth $30,000 after buying an additional 3,854 shares during the last quarter. Pingora Partners LLC purchased a new position in shares of Southwestern Energy in the fourth quarter worth approximately $30,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of Southwestern Energy in the fourth quarter worth approximately $34,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Southwestern Energy by 390.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,400 shares of the energy company’s stock worth $35,000 after buying an additional 4,300 shares during the last quarter. 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.