Southwestern Energy Co. (SWN) Raised to “Accumulate” at KLR Group
Southwestern Energy Co. (NYSE:SWN) was upgraded by stock analysts at KLR Group from a “hold” rating to an “accumulate” rating in a research report issued to clients and investors on Tuesday.
SWN has been the subject of a number of other reports. Barclays PLC restated an “underweight” rating and set a $8.00 price objective (up from $7.00) on shares of Southwestern Energy in a research note on Friday, July 1st. BMO Capital Markets restated a “hold” rating and set a $18.00 price objective on shares of Southwestern Energy in a research note on Friday, July 29th. Nomura restated a “neutral” rating and set a $15.00 price objective (up from $13.00) on shares of Southwestern Energy in a research note on Monday, July 25th. National Securities upgraded shares of Southwestern Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $17.00 in a research note on Monday, July 25th. Finally, Zacks Investment Research upgraded shares of Southwestern Energy from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Monday, July 11th. Five analysts have rated the stock with a sell rating, twenty-two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.66.
Southwestern Energy (NYSE:SWN) traded up 0.64% during mid-day trading on Tuesday, reaching $12.55. The company’s stock had a trading volume of 1,304,272 shares. The firm has a 50 day moving average price of $13.91 and a 200-day moving average price of $13.03. The company’s market capitalization is $4.87 billion. Southwestern Energy has a 1-year low of $5.00 and a 1-year high of $15.59.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Friday, July 22nd. The energy company reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.01. Southwestern Energy had a negative net margin of 220.65% and a negative return on equity of 1.99%. The company earned $522 million during the quarter, compared to the consensus estimate of $517.49 million. On average, equities analysts predict that Southwestern Energy will post $0.04 EPS for the current fiscal year.
In related news, Director Gregory D. Kerley sold 12,000 shares of the business’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $14.34, for a total value of $172,080.00. Following the transaction, the director now owns 312,064 shares in the company, valued at $4,474,997.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.16% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in SWN. Quantbot Technologies LP purchased a new position in Southwestern Energy during the second quarter valued at about $106,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Southwestern Energy by 131.7% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,500 shares of the energy company’s stock valued at $120,000 after buying an additional 5,400 shares during the last quarter. Bourgeon Capital Management LLC purchased a new position in Southwestern Energy during the second quarter valued at about $126,000. Brant Point Investment Management LLC purchased a new position in Southwestern Energy during the second quarter valued at about $126,000. Finally, First Citizens Bank & Trust Co. purchased a new position in Southwestern Energy during the second quarter valued at about $140,000. Institutional investors and hedge funds own 98.77% 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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