Southwestern Energy (NYSE:SWN) PT Raised to $7.50 at Susquehanna

Southwestern Energy (NYSE:SWN) had its price target raised by investment analysts at Susquehanna from $7.00 to $7.50 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the energy company’s stock. Susquehanna’s price objective would suggest a potential upside of 1.56% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the company. Seaport Res Ptn downgraded Southwestern Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st. Citigroup raised their price target on Southwestern Energy from $8.00 to $8.24 and gave the stock a “buy” rating in a research report on Friday, January 12th. Piper Sandler reiterated a “neutral” rating and set a $7.00 price objective (down previously from $8.00) on shares of Southwestern Energy in a research report on Friday, April 19th. Scotiabank lowered shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and raised their target price for the stock from $9.00 to $9.50 in a report on Thursday, April 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $6.60 price target (down from $8.50) on shares of Southwestern Energy in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.14.

Southwestern Energy Stock Down 0.2 %

NYSE SWN opened at $7.39 on Monday. The stock has a 50 day moving average price of $7.17 and a 200-day moving average price of $6.84. Southwestern Energy has a one year low of $4.57 and a one year high of $7.69. The company has a market capitalization of $8.13 billion, a P/E ratio of 5.24 and a beta of 1.12. 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 quarterly earnings data on Thursday, February 22nd. The energy company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The business’s revenue was down 49.9% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. As a group, equities analysts predict that Southwestern Energy will post 0.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Southwestern Energy

A number of institutional investors have recently modified their holdings of the stock. CWM LLC lifted its position in shares of Southwestern Energy by 42.5% in the 3rd quarter. CWM LLC now owns 13,238 shares of the energy company’s stock worth $85,000 after purchasing an additional 3,950 shares during the period. SG Americas Securities LLC lifted its holdings in Southwestern Energy by 34.0% during the third quarter. SG Americas Securities LLC now owns 54,040 shares of the energy company’s stock worth $349,000 after buying an additional 13,712 shares during the period. 1900 Wealth Management LLC bought a new position in Southwestern Energy in the third quarter worth about $1,061,000. Oak Thistle LLC acquired a new position in shares of Southwestern Energy during the third quarter valued at about $657,000. Finally, Covenant Partners LLC purchased a new stake in Southwestern Energy during the 3rd quarter valued at about $93,000. 86.97% of the stock is owned by hedge funds and other institutional investors.

About Southwestern Energy

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.