Southwestern Energy Co. (SWN) Stock Rating Upgraded by KLR Group
Southwestern Energy Co. (NYSE:SWN) was upgraded by research analysts at KLR Group from an “accumulate” rating to a “buy” rating in a report issued on Thursday. The firm presently has a $14.00 price target on the energy company’s stock. KLR Group’s price target points to a potential upside of 42.28% from the stock’s current price.
A number of other analysts have also commented on SWN. Nomura reaffirmed a “neutral” rating and set a $15.00 target price (up previously from $13.00) on shares of Southwestern Energy in a report on Monday, July 25th. BMO Capital Markets reissued a “hold” rating and issued a $18.00 price target on shares of Southwestern Energy in a report on Friday, July 29th. Citigroup Inc. boosted their price target on shares of Southwestern Energy from $8.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, August 8th. Howard Weil boosted their price target on shares of Southwestern Energy from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Monday, July 25th. Finally, Barclays PLC boosted their price target on shares of Southwestern Energy from $8.00 to $14.00 and gave the company an “underweight” rating in a report on Monday, July 25th. Five research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Southwestern Energy currently has a consensus rating of “Hold” and a consensus price target of $12.66.
Shares of Southwestern Energy (NYSE:SWN) opened at 9.84 on Thursday. The stock has a 50 day moving average price of $11.96 and a 200-day moving average price of $13.09. The stock’s market cap is $4.81 billion. Southwestern Energy has a 12-month low of $5.00 and a 12-month high of $15.59.
Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, October 20th. The energy company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.04. Southwestern Energy had a negative return on equity of 2.58% and a negative net margin of 187.25%. The business had revenue of $651 million for the quarter. During the same period in the previous year, the company earned $0.01 earnings per share. The business’s revenue for the quarter was down 13.1% on a year-over-year basis.
In other news, Director Gregory D. Kerley sold 12,000 shares of the company’s 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 directly owns 312,064 shares of the company’s stock, valued at approximately $4,474,997.76. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.16% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in SWN. Shell Asset Management Co. increased its position in shares of Southwestern Energy by 119.3% in the third quarter. Shell Asset Management Co. now owns 36,852 shares of the energy company’s stock valued at $510,000 after buying an additional 20,049 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of Southwestern Energy during the first quarter valued at $1,595,000. Geode Capital Management LLC increased its position in shares of Southwestern Energy by 3.9% in the first quarter. Geode Capital Management LLC now owns 3,175,453 shares of the energy company’s stock valued at $25,573,000 after buying an additional 117,987 shares during the last quarter. Seven Bridges Advisors LLC acquired a new position in shares of Southwestern Energy during the second quarter valued at $214,000. Finally, Babson Capital Management LLC acquired a new position in shares of Southwestern Energy during the first quarter valued at $1,106,000. 98.88% 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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