Piper Sandler Reaffirms “Neutral” Rating for Southwestern Energy (NYSE:SWN)

Southwestern Energy (NYSE:SWN)‘s stock had its “neutral” rating reaffirmed by investment analysts at Piper Sandler in a research report issued to clients and investors on Friday, Marketbeat reports. They presently have a $7.00 price target on the energy company’s stock, down from their previous price target of $8.00. Piper Sandler’s price objective suggests a potential downside of 3.78% from the company’s current price.

A number of other brokerages also recently commented on SWN. Citigroup lifted their target price on Southwestern Energy from $8.00 to $8.24 and gave the company a “buy” rating in a research note on Friday, January 12th. StockNews.com began coverage on Southwestern Energy in a research report on Friday, April 12th. They set a “hold” rating for the company. Stifel Nicolaus reiterated a “hold” rating and set a $6.60 price objective (down from $8.50) on shares of Southwestern Energy in a research report on Tuesday, January 23rd. Scotiabank cut Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and boosted their target price for the stock from $9.00 to $9.50 in a report on Thursday, April 11th. Finally, Seaport Res Ptn cut Southwestern Energy from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Southwestern Energy has a consensus rating of “Hold” and a consensus price target of $8.04.

Southwestern Energy Stock Up 0.1 %

NYSE:SWN opened at $7.28 on Friday. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 5.16 and a beta of 1.12. Southwestern Energy has a one year low of $4.57 and a one year high of $7.69. The stock has a 50-day simple moving average of $7.12 and a 200 day simple moving average of $6.81. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.82 and a current ratio of 0.82.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, February 22nd. The energy company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $0.26 earnings per share. Southwestern Energy’s quarterly revenue was down 49.9% compared to the same quarter last year. Sell-side analysts predict that Southwestern Energy will post 0.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Southwestern Energy

A number of large investors have recently bought and sold shares of SWN. Price T Rowe Associates Inc. MD lifted its position in Southwestern Energy by 4,550.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,735,368 shares of the energy company’s stock worth $108,678,000 after acquiring an additional 21,268,002 shares during the last quarter. Kimmeridge Energy Management Company LLC acquired a new position in Southwestern Energy during the 4th quarter worth $120,352,000. Invesco Ltd. lifted its position in Southwestern Energy by 269.1% during the 1st quarter. Invesco Ltd. now owns 13,958,070 shares of the energy company’s stock worth $100,079,000 after acquiring an additional 10,175,992 shares during the last quarter. State Street Corp lifted its position in Southwestern Energy by 21.5% during the 1st quarter. State Street Corp now owns 55,933,972 shares of the energy company’s stock worth $401,047,000 after acquiring an additional 9,882,224 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Southwestern Energy by 61.6% during the 1st quarter. Renaissance Technologies LLC now owns 25,513,925 shares of the energy company’s stock worth $127,570,000 after acquiring an additional 9,729,900 shares during the last quarter. 86.97% 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, West Virginia, Ohio, and Louisiana.