A number of other equities analysts also recently weighed in on the stock. KeyCorp reaffirmed a hold rating on shares of Southwestern Energy in a research note on Sunday, September 3rd. Cowen reaffirmed a buy rating and issued a $9.00 target price on shares of Southwestern Energy in a research note on Tuesday, September 12th. Credit Suisse Group started coverage on shares of Southwestern Energy in a research note on Monday, December 11th. They issued a neutral rating and a $6.00 target price for the company. Scotiabank set a $8.00 price target on shares of Southwestern Energy and gave the stock a hold rating in a research note on Saturday, October 21st. Finally, Barclays dropped their price target on shares of Southwestern Energy from $6.00 to $5.00 and set an equal weight rating for the company in a research note on Wednesday, October 11th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $8.95.
Southwestern Energy (SWN) traded down $0.05 during trading hours on Wednesday, reaching $5.47. 40,680,000 shares of the company’s stock were exchanged, compared to its average volume of 21,650,000. The firm has a market capitalization of $2,800.00, a price-to-earnings ratio of 8.82 and a beta of 1.23. Southwestern Energy has a 52-week low of $4.90 and a 52-week high of $10.45. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.88 and a current ratio of 1.88.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings results on Thursday, October 26th. The energy company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). Southwestern Energy had a net margin of 16.31% and a return on equity of 23.99%. The firm had revenue of $737.00 million during the quarter, compared to analyst estimates of $773.99 million. During the same quarter last year, the firm earned $0.03 earnings per share. Southwestern Energy’s quarterly revenue was up 13.2% on a year-over-year basis. analysts expect that Southwestern Energy will post 0.43 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the business. Mariner Wealth Advisors LLC increased its stake in Southwestern Energy by 2.6% in the second quarter. Mariner Wealth Advisors LLC now owns 21,009 shares of the energy company’s stock valued at $128,000 after purchasing an additional 541 shares in the last quarter. MML Investors Services LLC boosted 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 valued at $109,000 after buying an additional 900 shares during the period. National Asset Management Inc. boosted its holdings in shares of Southwestern Energy by 2.8% in the second quarter. National Asset Management Inc. now owns 46,107 shares of the energy company’s stock valued at $281,000 after buying an additional 1,247 shares during the period. Eaton Vance Management boosted its holdings in shares of Southwestern Energy by 1.9% in the second quarter. Eaton Vance Management now owns 77,522 shares of the energy company’s stock valued at $471,000 after buying an additional 1,445 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Southwestern Energy by 6.6% in the second quarter. US Bancorp DE now owns 31,715 shares of the energy company’s stock valued at $193,000 after buying an additional 1,959 shares during the period. 88.52% of the stock is owned by hedge funds and other institutional investors.
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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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