Piper Jaffray Companies Reiterates “$6.00” Price Target for Southwestern Energy Company (SWN)
Piper Jaffray Companies set a $6.00 target price on Southwestern Energy Company (NYSE:SWN) in a research note issued to investors on Thursday. The firm currently has a hold rating on the energy company’s stock.
Several other research analysts also recently weighed in on the company. Cowen and Company set a $9.00 target price on Southwestern Energy and gave the company a buy rating in a research note on Wednesday, July 19th. KeyCorp reiterated a hold rating on shares of Southwestern Energy in a research note on Sunday, September 3rd. Citigroup Inc. lowered their target price on Southwestern Energy from $9.00 to $8.00 and set a buy rating on the stock in a research note on Friday, July 21st. BidaskClub upgraded Southwestern Energy from a strong sell rating to a sell rating in a research note on Tuesday, June 27th. Finally, BMO Capital Markets reiterated a buy rating and issued a $8.00 target price on shares of Southwestern Energy in a research note on Tuesday, June 27th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the stock. Southwestern Energy currently has an average rating of Hold and an average price target of $11.33.
Shares of Southwestern Energy (NYSE SWN) traded down 1.47% during midday trading on Thursday, reaching $5.38. The company had a trading volume of 9,399,331 shares. Southwestern Energy has a 52-week low of $5.00 and a 52-week high of $12.85. The company’s 50 day moving average price is $5.84 and its 200 day moving average price is $6.23. The stock’s market capitalization is $2.68 billion.
Southwestern Energy (NYSE:SWN) last announced its 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). Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. The company had revenue of $811.00 million during the quarter, compared to analysts’ expectations of $810.00 million. During the same quarter last year, the business posted ($0.09) earnings per share. The company’s revenue for the quarter was up 55.4% compared to the same quarter last year. Equities research analysts expect that Southwestern Energy will post $0.49 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in SWN. Tudor Investment Corp ET AL acquired a new position in shares of Southwestern Energy in the first quarter worth $102,000. Zacks Investment Management acquired a new position in shares of Southwestern Energy in the second quarter worth $105,000. Cetera Investment Advisers acquired a new position in shares of Southwestern Energy in the second quarter worth $108,000. MML Investors Services LLC raised its holdings in shares of Southwestern Energy by 5.3% in the second quarter. MML Investors Services LLC now owns 17,941 shares of the energy company’s stock worth $109,000 after acquiring an additional 900 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Southwestern Energy in the first quarter worth $111,000. 89.51% of the stock is owned by institutional investors.
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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