Southwestern Energy (NYSE:SWN) Upgraded to Outperform at Wolfe Research

Southwestern Energy (NYSE:SWN) was upgraded by Wolfe Research from a “peer perform” rating to an “outperform” rating in a report issued on Thursday, Analyst Ratings Network reports. The brokerage currently has a $7.00 price target on the energy company’s stock, up from their prior price target of $5.00. Wolfe Research’s price objective would suggest a potential upside of 41.99% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley lifted their price target on shares of Southwestern Energy from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Friday, June 18th. Johnson Rice downgraded shares of Southwestern Energy from a “buy” rating to an “accumulate” rating and lifted their price target for the company from $6.75 to $7.50 in a research note on Tuesday, June 8th. Mizuho raised shares of Southwestern Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $6.00 to $7.00 in a research note on Tuesday, July 13th. Finally, Raymond James reaffirmed an “underperform” rating on shares of Southwestern Energy in a research note on Thursday, April 29th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $4.90.

Shares of NYSE SWN opened at $4.93 on Thursday. Southwestern Energy has a twelve month low of $2.18 and a twelve month high of $5.85. The company has a debt-to-equity ratio of 4.80, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market capitalization of $3.34 billion, a P/E ratio of -1.83 and a beta of 1.49. The business’s fifty day moving average price is $5.32.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, April 29th. The energy company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. Southwestern Energy had a negative net margin of 53.26% and a positive return on equity of 63.06%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $923.52 million. During the same period in the previous year, the firm posted $0.10 earnings per share. As a group, analysts anticipate that Southwestern Energy will post 1.07 earnings per share for the current year.

In other news, Director Gregory D. Kerley sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 14th. The shares were sold at an average price of $5.00, for a total value of $250,000.00. Following the sale, the director now owns 362,836 shares of the company’s stock, valued at $1,814,180. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gregory D. Kerley sold 45,322 shares of the business’s stock in a transaction that occurred on Friday, May 7th. The shares were sold at an average price of $4.75, for a total transaction of $215,279.50. Following the completion of the sale, the director now directly owns 417,514 shares in the company, valued at approximately $1,983,191.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 250,000 shares of company stock worth $1,158,047. Corporate insiders own 0.66% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in Southwestern Energy by 5.9% during the 1st quarter. BlackRock Inc. now owns 105,942,579 shares of the energy company’s stock worth $492,632,000 after acquiring an additional 5,925,663 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in Southwestern Energy during the 1st quarter worth approximately $20,215,000. D. E. Shaw & Co. Inc. increased its holdings in Southwestern Energy by 163.4% during the 1st quarter. D. E. Shaw & Co. Inc. now owns 5,993,048 shares of the energy company’s stock worth $27,867,000 after acquiring an additional 3,717,506 shares during the period. Arctis Global LLC increased its holdings in Southwestern Energy by 209.5% during the 1st quarter. Arctis Global LLC now owns 3,915,319 shares of the energy company’s stock worth $18,206,000 after acquiring an additional 2,650,425 shares during the period. Finally, UBS Group AG increased its holdings in Southwestern Energy by 283.5% during the 1st quarter. UBS Group AG now owns 2,427,535 shares of the energy company’s stock worth $11,288,000 after acquiring an additional 1,794,546 shares during the period. 89.02% of the stock is currently owned by institutional investors.

Southwestern Energy Company Profile

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments: Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, Ohio, and West Virginia.

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Analyst Recommendations for Southwestern Energy (NYSE:SWN)

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