Cowen and Company Reaffirms Buy Rating for Southwestern Energy Company (NYSE:SWN)
Southwestern Energy Company (NYSE:SWN)‘s stock had its “buy” rating restated by analysts at Cowen and Company in a research report issued on Wednesday. They currently have a $9.00 price objective on the energy company’s stock. Cowen and Company’s price objective would suggest a potential upside of 54.11% from the stock’s previous close.
A number of other brokerages have also issued reports on SWN. Jefferies Group LLC reaffirmed a “hold” rating and set a $8.00 target price on shares of Southwestern Energy in a research report on Tuesday, April 4th. Scotiabank set a $10.00 target price on Southwestern Energy and gave the stock a “hold” rating in a research report on Monday, March 27th. Iberia Capital boosted their target price on Southwestern Energy from $9.00 to $10.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 2nd. National Securities reaffirmed a “buy” rating and set a $14.00 target price on shares of Southwestern Energy in a research report on Monday, May 1st. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $9.00 target price (down from $10.00) on shares of Southwestern Energy in a research report on Saturday, April 22nd. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the stock. Southwestern Energy presently has a consensus rating of “Hold” and an average target price of $13.09.
Southwestern Energy (SWN) traded up 4.880% during mid-day trading on Wednesday, reaching $6.125. The company had a trading volume of 13,848,263 shares. The stock’s 50-day moving average is $5.95 and its 200 day moving average is $7.62. The firm’s market capitalization is $3.03 billion. Southwestern Energy has a 12 month low of $5.46 and a 12 month high of $15.59.
Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, April 27th. The energy company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $846 million for the quarter, compared to analyst estimates of $765.03 million. Southwestern Energy had a positive return on equity of 17.89% and a negative net margin of 43.91%. Southwestern Energy’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.08) earnings per share. On average, analysts predict that Southwestern Energy will post $0.66 earnings per share for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the company. Cleararc Capital Inc. increased its stake in Southwestern Energy by 2.2% in the first quarter. Cleararc Capital Inc. now owns 12,185 shares of the energy company’s stock valued at $100,000 after buying an additional 261 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Southwestern Energy by 4.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,680 shares of the energy company’s stock valued at $180,000 after buying an additional 650 shares during the last quarter. Advantus Capital Management Inc increased its stake in shares of Southwestern Energy by 1.8% in the first quarter. Advantus Capital Management Inc now owns 50,051 shares of the energy company’s stock valued at $409,000 after buying an additional 863 shares during the last quarter. Comerica Bank increased its stake in shares of Southwestern Energy by 0.8% in the first quarter. Comerica Bank now owns 152,631 shares of the energy company’s stock valued at $1,171,000 after buying an additional 1,149 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of Southwestern Energy by 1.4% in the first quarter. Meeder Asset Management Inc. now owns 82,875 shares of the energy company’s stock valued at $677,000 after buying an additional 1,159 shares during the last quarter. Institutional investors own 93.32% of the company’s stock.
Southwestern Energy Company Profile
Southwestern Energy Company is an 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 in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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