Southwestern Energy Co. (SWN) Receives New Coverage from Analysts at GMP Securities
GMP Securities initiated coverage on shares of Southwestern Energy Co. (NYSE:SWN) in a report released on Wednesday morning. The firm issued a hold rating and a $11.00 target price on the energy company’s stock.
Other analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Southwestern Energy from a hold rating to a buy rating and set a $16.00 target price on the stock in a report on Tuesday, July 26th. KLR Group increased their target price on shares of Southwestern Energy from $13.00 to $14.00 and gave the stock a hold rating in a report on Monday, June 13th. Jefferies Group reissued a sell rating on shares of Southwestern Energy in a report on Thursday, June 30th. Nomura reissued a hold rating and set a $13.00 target price on shares of Southwestern Energy in a report on Tuesday, July 5th. Finally, Tudor Pickering raised shares of Southwestern Energy from a hold rating to a buy rating in a report on Wednesday, June 29th. Five research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Southwestern Energy currently has an average rating of Hold and a consensus target price of $12.38.
Shares of Southwestern Energy (NYSE:SWN) traded down 0.45% during mid-day trading on Wednesday, hitting $13.36. 3,644,780 shares of the company traded hands. The firm has a 50-day moving average price of $14.06 and a 200 day moving average price of $12.49. Southwestern Energy has a 52-week low of $5.00 and a 52-week high of $15.59. The firm’s market cap is $5.18 billion.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Friday, July 22nd. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $522 million for the quarter, compared to analysts’ expectations of $517.49 million. Southwestern Energy had a negative net margin of 220.65% and a negative return on equity of 1.99%. Equities research analysts anticipate that Southwestern Energy will post $0.05 EPS for the current fiscal year.
In other news, Director Gregory D. Kerley sold 12,000 shares of the business’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $14.34, for a total transaction of $172,080.00. Following the completion of the transaction, the director now directly owns 312,064 shares in the company, valued at approximately $4,474,997.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.16% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Capital Research Global Investors raised its position in shares of Southwestern Energy by 25.7% in the second quarter. Capital Research Global Investors now owns 55,881,426 shares of the energy company’s stock valued at $702,988,000 after buying an additional 11,428,991 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Southwestern Energy by 23.2% in the second quarter. Vanguard Group Inc. now owns 43,459,895 shares of the energy company’s stock valued at $546,724,000 after buying an additional 8,190,765 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Southwestern Energy during the second quarter valued at about $91,593,000. Norges Bank acquired a new position in shares of Southwestern Energy during the fourth quarter valued at about $51,387,000. Finally, Senator Investment Group LP acquired a new position in shares of Southwestern Energy during the second quarter valued at about $88,060,000. Institutional investors own 98.78% of the company’s stock.
Southwestern Energy Company Profile
Southwestern Energy Company is an independent energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.
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