Southwestern Energy Company (SWN) Raised to Sell at BidaskClub
BidaskClub upgraded shares of Southwestern Energy Company (NYSE:SWN) from a strong sell rating to a sell rating in a research note issued to investors on Friday morning.
A number of other equities analysts have also commented on SWN. National Securities reaffirmed a buy rating and issued a $14.00 price target on shares of Southwestern Energy in a report on Monday, May 1st. Iberia Capital lifted their price objective on Southwestern Energy from $9.00 to $10.00 and gave the company a sector perform rating in a research note on Tuesday, May 2nd. Royal Bank Of Canada set a $10.00 price objective on Southwestern Energy and gave the company a hold rating in a research note on Saturday, June 10th. BMO Capital Markets reissued a buy rating and set a $8.00 price objective on shares of Southwestern Energy in a research note on Tuesday, June 27th. Finally, Scotiabank set a $9.00 price objective on Southwestern Energy and gave the company a hold rating in a research note on Saturday, July 1st. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $12.33.
Shares of Southwestern Energy (NYSE SWN) opened at 5.33 on Friday. The company’s market capitalization is $2.66 billion. Southwestern Energy has a 52-week low of $5.00 and a 52-week high of $15.59. The stock has a 50 day moving average price of $5.57 and a 200 day moving average price of $6.85.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.08. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The company had revenue of $811 million during the quarter, compared to the consensus estimate of $810 million. During the same period in the previous year, the business earned ($0.09) earnings per share. Southwestern Energy’s revenue was up 55.4% on a year-over-year basis. On average, analysts predict that Southwestern Energy will post $0.55 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of SWN. Cetera Investment Advisers bought a new stake in shares of Southwestern Energy during the second quarter worth approximately $108,000. Dynamic Technology Lab Private Ltd boosted its position in Southwestern Energy by 389.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 133,544 shares of the energy company’s stock valued at $812,000 after buying an additional 106,273 shares during the period. Public Employees Retirement System of Ohio boosted its position in Southwestern Energy by 51.3% in the second quarter. Public Employees Retirement System of Ohio now owns 988,072 shares of the energy company’s stock valued at $6,007,000 after buying an additional 335,203 shares during the period. Disciplined Growth Investors Inc. MN boosted its position in Southwestern Energy by 57.2% in the second quarter. Disciplined Growth Investors Inc. MN now owns 6,840,087 shares of the energy company’s stock valued at $41,588,000 after buying an additional 2,487,525 shares during the period. Finally, Koch Industries Inc. acquired a new position in Southwestern Energy during the second quarter valued at about $184,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.
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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