Jefferies Group Reiterates $10.00 Price Target for Southwestern Energy Co. (SWN)
Southwestern Energy Co. (NYSE:SWN) has been assigned a $10.00 price objective by investment analysts at Jefferies Group in a note issued to investors on Tuesday. The firm presently has a a “sell” rating on the energy company’s stock. Jefferies Group’s target price suggests a potential downside of 20.89% from the company’s previous close.
SWN has been the topic of several other research reports. GMP Securities began coverage on Southwestern Energy in a research note on Wednesday, September 28th. They set a “hold” rating and a $11.00 target price on the stock. Mizuho began coverage on Southwestern Energy in a report on Wednesday, October 5th. They set a “buy” rating and a $20.00 price target for the company. KLR Group raised their price target on Southwestern Energy from $13.00 to $15.00 and gave the company a “hold” rating in a report on Thursday, September 1st. Zacks Investment Research upgraded Southwestern Energy from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Monday, July 11th. Finally, Bank of America Corp. restated a “hold” rating on shares of Southwestern Energy in a report on Thursday, June 30th. Five research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $12.70.
Shares of Southwestern Energy (NYSE:SWN) traded up 0.040% during mid-day trading on Tuesday, reaching $12.645. The company’s stock had a trading volume of 8,497,970 shares. The company has a 50-day moving average price of $13.87 and a 200 day moving average price of $13.03. Southwestern Energy has a 52-week low of $5.00 and a 52-week high of $15.59. The company’s market cap is $4.90 billion.
Southwestern Energy (NYSE:SWN) last issued its 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 company had revenue of $522 million for the quarter, compared to the consensus estimate of $517.49 million. Southwestern Energy had a negative return on equity of 1.99% and a negative net margin of 220.65%. Equities analysts expect that Southwestern Energy will post $0.04 earnings per share for the current year.
In other Southwestern Energy news, Director Gregory D. Kerley sold 12,000 shares of the stock in a transaction that occurred on 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 owns 312,064 shares of the company’s stock, valued at $4,474,997.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.16% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC boosted its stake in Southwestern Energy by 21.4% in the first quarter. Riverhead Capital Management LLC now owns 251,091 shares of the energy company’s stock valued at $2,028,000 after buying an additional 44,324 shares in the last quarter. AXA boosted its stake in Southwestern Energy by 143.1% in the first quarter. AXA now owns 16,200 shares of the energy company’s stock valued at $131,000 after buying an additional 9,536 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in Southwestern Energy by 7.4% in the first quarter. Pictet Asset Management Ltd. now owns 206,773 shares of the energy company’s stock valued at $1,195,000 after buying an additional 14,200 shares in the last quarter. BP Capital Fund Advisors LLC boosted its stake in Southwestern Energy by 14.2% in the first quarter. BP Capital Fund Advisors LLC now owns 470,554 shares of the energy company’s stock valued at $3,797,000 after buying an additional 58,502 shares in the last quarter. Finally, Primecap Management Co. CA boosted its stake in Southwestern Energy by 2.2% in the first quarter. Primecap Management Co. CA now owns 5,725,525 shares of the energy company’s stock valued at $46,205,000 after buying an additional 122,200 shares in the last quarter. 98.77% of the stock is owned by institutional investors and hedge funds.
About Southwestern Energy
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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