Southwestern Energy (NYSE:SWN) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Southwestern Energy (NYSE:SWN) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the energy company’s stock.

Several other brokerages have also recently weighed in 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 target price on shares of Southwestern Energy from $6.50 to $7.00 and gave the stock a neutral rating in a research report on Monday, March 4th. Piper Sandler reaffirmed 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. Mizuho raised shares of Southwestern Energy from an underperform rating to a neutral rating and raised their target price for the stock from $6.00 to $9.00 in a research report on Monday, February 26th. Finally, Scotiabank cut shares of Southwestern Energy from a sector outperform rating to a sector perform rating and raised their target price for the stock from $9.00 to $9.50 in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Southwestern Energy presently has a consensus rating of Hold and a consensus price target of $8.14.

Southwestern Energy Trading Down 0.2 %

Shares of SWN opened at $7.39 on Friday. The stock has a market capitalization of $8.13 billion, a P/E ratio of 5.24 and a beta of 1.12. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.67. The firm has a fifty day simple moving average of $7.17 and a two-hundred day simple moving average of $6.84. Southwestern Energy has a twelve month low of $4.57 and a twelve month high of $7.69.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The firm’s revenue for the quarter was down 49.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 EPS. On average, research analysts anticipate that Southwestern Energy will post 0.61 EPS for the current year.

Hedge Funds Weigh In On Southwestern Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Louisiana State Employees Retirement System purchased a new position in shares of Southwestern Energy in the fourth quarter worth approximately $2,027,000. Los Angeles Capital Management LLC lifted its holdings in Southwestern Energy by 5,710.7% during the third quarter. Los Angeles Capital Management LLC now owns 683,045 shares of the energy company’s stock valued at $4,406,000 after purchasing an additional 671,290 shares in the last quarter. Kimmeridge Energy Management Company LLC bought a new position in shares of Southwestern Energy in the fourth quarter worth approximately $120,352,000. American Century Companies Inc. increased its stake in shares of Southwestern Energy by 27.9% in the third quarter. American Century Companies Inc. now owns 1,073,641 shares of the energy company’s stock worth $6,925,000 after purchasing an additional 234,132 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of Southwestern Energy by 16.0% in the third quarter. Schroder Investment Management Group now owns 2,180,461 shares of the energy company’s stock worth $14,064,000 after purchasing an additional 300,574 shares in the last quarter. Hedge funds and other institutional investors own 86.97% of the company’s stock.

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.