Southwestern Energy Company (SWN) PT Set at $8.00 by Piper Jaffray Companies
Piper Jaffray Companies set a $8.00 price target on Southwestern Energy Company (NYSE:SWN) in a research note issued to investors on Thursday morning. The firm currently has a hold rating on the energy company’s stock.
A number of other brokerages have also recently commented on SWN. Royal Bank Of Canada set a $8.00 target price on shares of Southwestern Energy and gave the company a hold rating in a report on Tuesday, August 8th. Scotiabank set a $8.00 target price on shares of Southwestern Energy and gave the company a hold rating in a report on Monday, August 7th. BidaskClub upgraded shares of Southwestern Energy from a strong sell rating to a sell rating in a report on Thursday, August 3rd. Zacks Investment Research cut shares of Southwestern Energy from a hold rating to a sell rating in a report on Thursday, July 27th. Finally, Citigroup Inc. dropped their target price on shares of Southwestern Energy from $9.00 to $8.00 and set a buy rating on the stock in a report on Friday, July 21st. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. Southwestern Energy currently has a consensus rating of Hold and a consensus price target of $12.33.
Shares of Southwestern Energy (SWN) opened at 5.33 on Thursday. The company’s 50 day moving average is $5.57 and its 200-day moving average is $6.85. The firm’s market capitalization is $2.66 billion. Southwestern Energy has a one year low of $5.00 and a one year high of $15.59.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.08. The company had revenue of $811 million during the quarter, compared to the consensus estimate of $810 million. Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. The business’s revenue was up 55.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.09) EPS. Equities analysts expect that Southwestern Energy will post $0.55 EPS for the current year.
A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Southwestern Energy by 2,582.8% in the first quarter. BlackRock Inc. now owns 31,270,589 shares of the energy company’s stock worth $255,479,000 after buying an additional 30,105,011 shares during the period. Point72 Asset Management L.P. raised its stake in Southwestern Energy by 939.0% in the first quarter. Point72 Asset Management L.P. now owns 9,696,227 shares of the energy company’s stock valued at $79,218,000 after buying an additional 8,762,957 shares during the last quarter. Vanguard Group Inc. raised its stake in Southwestern Energy by 12.1% in the first quarter. Vanguard Group Inc. now owns 59,247,162 shares of the energy company’s stock valued at $484,049,000 after buying an additional 6,388,987 shares during the last quarter. FMR LLC raised its stake in Southwestern Energy by 36.5% in the first quarter. FMR LLC now owns 22,332,221 shares of the energy company’s stock valued at $182,454,000 after buying an additional 5,969,258 shares during the last quarter. Finally, Bridgewater Associates LP raised its stake in Southwestern Energy by 117.5% in the second quarter. Bridgewater Associates LP now owns 8,234,921 shares of the energy company’s stock valued at $50,068,000 after buying an additional 4,449,396 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.
About Southwestern Energy
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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