Truist Financial Increases Southwestern Energy (NYSE:SWN) Price Target to $9.00

Southwestern Energy (NYSE:SWNGet Rating) had its target price upped by equities research analysts at Truist Financial from $5.00 to $9.00 in a note issued to investors on Thursday, The Fly reports. Truist Financial’s price objective indicates a potential upside of 9.36% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Piper Sandler upgraded Southwestern Energy from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $4.50 to $12.00 in a research report on Thursday. Bank of America raised shares of Southwestern Energy from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $5.00 to $9.00 in a research note on Tuesday, March 8th. Wells Fargo & Company downgraded Southwestern Energy from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $8.00 to $10.00 in a report on Monday, March 14th. StockNews.com began coverage on Southwestern Energy in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of Southwestern Energy in a research note on Wednesday, March 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.93.

Shares of NYSE:SWN remained flat at $$8.23 during midday trading on Thursday. The company had a trading volume of 233,142 shares, compared to its average volume of 29,487,350. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.46 and a current ratio of 0.46. The company’s fifty day moving average is $6.13 and its 200 day moving average is $5.28. The firm has a market capitalization of $9.19 billion, a PE ratio of -9.92 and a beta of 1.19. Southwestern Energy has a twelve month low of $3.81 and a twelve month high of $8.68.

Southwestern Energy (NYSE:SWNGet Rating) last announced its quarterly earnings results on Thursday, February 24th. The energy company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. Southwestern Energy had a positive return on equity of 117.50% and a negative net margin of 0.37%. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the business earned $0.18 earnings per share. The business’s revenue was up 278.3% compared to the same quarter last year. On average, analysts expect that Southwestern Energy will post 1.38 earnings per share for the current year.

A number of large investors have recently bought and sold shares of SWN. BlackRock Inc. boosted its position in Southwestern Energy by 53.1% during the 4th quarter. BlackRock Inc. now owns 155,044,357 shares of the energy company’s stock worth $722,508,000 after buying an additional 53,796,122 shares during the period. Ridgemont Partners Management LLC acquired a new stake in Southwestern Energy during the 4th quarter worth approximately $221,006,000. Allspring Global Investments Holdings LLC acquired a new stake in Southwestern Energy during the 4th quarter worth approximately $65,474,000. Lord Abbett & CO. LLC acquired a new stake in Southwestern Energy during the 3rd quarter worth approximately $66,588,000. Finally, State Street Corp boosted its position in Southwestern Energy by 21.1% during the 4th quarter. State Street Corp now owns 46,051,748 shares of the energy company’s stock worth $214,601,000 after buying an additional 8,032,824 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

About Southwestern Energy (Get Rating)

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.

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