Southwestern Energy Co. (SWN) Upgraded by Robert W. Baird to “Outperform”
Robert W. Baird upgraded shares of Southwestern Energy Co. (NYSE:SWN) from a market perform rating to an outperform rating in a research report report published on Monday. Robert W. Baird currently has $18.00 price target on the energy company’s stock.
Other analysts have also issued reports about the stock. BMO Capital Markets upgraded shares of Southwestern Energy from a market perform rating to an outperform rating and set a $18.00 price target for the company in a research report on Monday. They noted that the move was a valuation call. Mizuho restated a buy rating and set a $20.00 price target on shares of Southwestern Energy in a research report on Wednesday, October 26th. KLR Group restated an accumulate rating and set a $14.00 price target (down from $15.00) on shares of Southwestern Energy in a research report on Wednesday, October 26th. Citigroup Inc. upped their price target on shares of Southwestern Energy from $8.00 to $14.00 and gave the company a neutral rating in a research report on Monday, August 8th. Finally, Jefferies Group reaffirmed a sell rating on shares of Southwestern Energy in a research note on Monday, August 1st. Five investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $13.03.
Shares of Southwestern Energy (NYSE:SWN) opened at 11.64 on Monday. The stock has a 50 day moving average price of $11.16 and a 200 day moving average price of $13.01. The firm’s market capitalization is $5.69 billion. Southwestern Energy has a 52 week low of $5.00 and a 52 week high of $15.59.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, October 20th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.04. Southwestern Energy had a negative net margin of 187.25% and a negative return on equity of 2.58%. The business had revenue of $651 million for the quarter. During the same period last year, the firm posted $0.01 EPS. The firm’s revenue for the quarter was down 13.1% on a year-over-year basis. Analysts forecast that Southwestern Energy will post ($0.01) EPS for the current year.
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In other news, Director Gregory D. Kerley sold 12,000 shares of the firm’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $14.34, for a total transaction of $172,080.00. Following the sale, the director now directly owns 312,064 shares in the company, valued at approximately $4,474,997.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.16% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new stake in shares of Southwestern Energy during the second quarter valued at approximately $5,389,000. Boston Common Asset Management LLC increased its stake in shares of Southwestern Energy by 12.8% in the second quarter. Boston Common Asset Management LLC now owns 53,630 shares of the energy company’s stock valued at $675,000 after buying an additional 6,070 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Southwestern Energy by 8.7% in the second quarter. Nordea Investment Management AB now owns 16,509 shares of the energy company’s stock valued at $208,000 after buying an additional 1,321 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Southwestern Energy during the second quarter valued at approximately $151,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Southwestern Energy by 18.0% in the second quarter. Nisa Investment Advisors LLC now owns 152,689 shares of the energy company’s stock valued at $1,921,000 after buying an additional 23,335 shares during the last quarter. Hedge funds and other institutional investors own 97.65% 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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