Southwestern Energy Co. (SWN) Raised to Outperform at BMO Capital Markets
Southwestern Energy Co. (NYSE:SWN) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Monday. The brokerage presently has a $18.00 price objective on the energy company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 56.93% from the company’s current price. The analysts noted that the move was a valuation call.
SWN has been the topic of several other reports. GMP Securities started coverage on Southwestern Energy in a research note on Wednesday, September 28th. They issued a “hold” rating and a $11.00 target price on the stock. National Securities restated a “buy” rating on shares of Southwestern Energy in a research note on Monday, October 24th. Mizuho started coverage on Southwestern Energy in a research note on Wednesday, October 5th. They issued a “buy” rating and a $20.00 target price on the stock. KLR Group upgraded Southwestern Energy from a “hold” rating to an “accumulate” rating and set a $15.00 target price on the stock in a research note on Tuesday, October 18th. Finally, Zacks Investment Research lowered Southwestern Energy from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Five analysts have rated the stock with a sell rating, twenty have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $12.66.
Shares of Southwestern Energy (NYSE:SWN) opened at 11.47 on Monday. Southwestern Energy has a 12-month low of $5.00 and a 12-month high of $15.59. The stock’s 50 day moving average price is $11.22 and its 200 day moving average price is $13.00. The firm’s market capitalization is $5.61 billion.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, October 20th. The energy company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. The business had revenue of $651 million for the quarter. Southwestern Energy had a negative return on equity of 2.58% and a negative net margin of 187.25%. The company’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 EPS. Equities research analysts expect that Southwestern Energy will post ($0.01) earnings per share for the current year.
In related 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 value of $172,080.00. Following the sale, the director now owns 312,064 shares in the company, valued at approximately $4,474,997.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.16% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of SWN. Kernodle & Katon Asset Management Group LLC increased its stake in Southwestern Energy by 164.8% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 7,282 shares of the energy company’s stock valued at $101,000 after buying an additional 4,532 shares during the last quarter. Quantbot Technologies LP bought a new stake in Southwestern Energy during the second quarter valued at $106,000. Lazard Asset Management LLC bought a new stake in Southwestern Energy during the third quarter valued at $112,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake 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. Finally, Bourgeon Capital Management LLC bought a new stake in Southwestern Energy during the second quarter valued at $126,000. Institutional investors own 97.65% of the company’s stock.
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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