Susquehanna Boosts Southwestern Energy (NYSE:SWN) Price Target to $7.50

Southwestern Energy (NYSE:SWN) had its price objective lifted by Susquehanna from $7.00 to $7.50 in a research report report published on Monday, Benzinga reports. Susquehanna currently has a neutral rating on the energy company’s stock.

A number of other analysts have also recently issued reports on SWN. Piper Sandler reissued 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 cut Southwestern Energy from a sector outperform rating to a sector perform rating and lifted their price objective for the company from $9.00 to $9.50 in a research report on Thursday, April 11th. Seaport Res Ptn cut Southwestern Energy from a buy rating to a neutral rating in a research report on Wednesday, January 31st. UBS Group boosted their price target on Southwestern Energy from $6.00 to $6.25 and gave the stock a neutral rating in a research report on Thursday, January 18th. Finally, Mizuho raised Southwestern Energy from an underperform rating to a neutral rating and boosted their price target for the stock from $6.00 to $9.00 in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $8.14.

Southwestern Energy Stock Performance

Shares of Southwestern Energy stock opened at $7.65 on Monday. The stock has a market cap of $8.43 billion, a PE ratio of 5.43 and a beta of 1.12. The business has a fifty day simple moving average of $7.22 and a 200-day simple moving average of $6.85. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.67. Southwestern Energy has a 12 month low of $4.57 and a 12 month high of $7.69.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The business’s revenue for the quarter was down 49.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share. On average, sell-side analysts anticipate that Southwestern Energy will post 0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Southwestern Energy

A number of institutional investors have recently made changes to their positions in SWN. Rise Advisors LLC bought a new position in Southwestern Energy during the first quarter valued at about $25,000. Parkside Financial Bank & Trust increased its stake in Southwestern Energy by 481.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock valued at $30,000 after acquiring an additional 3,854 shares during the period. Pingora Partners LLC bought a new position in Southwestern Energy during the fourth quarter valued at about $30,000. Quantbot Technologies LP bought a new position in Southwestern Energy during the third quarter valued at about $39,000. Finally, Lindbrook Capital LLC increased its stake in Southwestern Energy by 30.2% during the fourth quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock valued at $44,000 after acquiring an additional 1,564 shares during the period. 86.97% of the stock is currently owned by 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.