Southwestern Energy (NYSE:SWN) Given New $8.50 Price Target at Morgan Stanley

Southwestern Energy (NYSE:SWNGet Rating) had its target price hoisted by research analysts at Morgan Stanley from $6.00 to $8.50 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the energy company’s stock. Morgan Stanley’s target price would suggest a potential upside of 8.97% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. StockNews.com assumed coverage on Southwestern Energy in a research note on Thursday, March 31st. They set a “hold” rating for the company. Wells Fargo & Company cut Southwestern Energy from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $8.00 to $10.00 in a research note on Monday, March 14th. Piper Sandler upgraded Southwestern Energy from a “neutral” rating to an “overweight” rating and increased their price target for the company from $4.50 to $12.00 in a research note on Thursday. Mizuho increased their price target on Southwestern Energy from $7.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, April 8th. Finally, Bank of America upgraded Southwestern Energy from an “underperform” rating to a “neutral” rating and increased their price target for the company from $5.00 to $9.00 in a research note on Tuesday, March 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Southwestern Energy has a consensus rating of “Hold” and a consensus target price of $8.11.

NYSE:SWN traded up $0.01 during trading hours on Friday, reaching $7.80. 325,051 shares of the company were exchanged, compared to its average volume of 29,591,980. The business has a 50 day moving average of $6.13 and a 200 day moving average of $5.28. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.46 and a quick ratio of 0.46. Southwestern Energy has a 1-year low of $3.81 and a 1-year high of $8.68. The company has a market capitalization of $8.71 billion, a P/E ratio of -9.40 and a beta of 1.19.

Southwestern Energy (NYSE:SWNGet Rating) last released its earnings results on Thursday, February 24th. The energy company reported $0.31 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the company earned $0.18 earnings per share. The company’s quarterly revenue was up 278.3% on a year-over-year basis. As a group, equities research analysts anticipate that Southwestern Energy will post 1.38 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. PCG Wealth Advisors LLC acquired a new stake in shares of Southwestern Energy in the 1st quarter valued at about $89,000. Strs Ohio lifted its position in Southwestern Energy by 27.3% in the 1st quarter. Strs Ohio now owns 121,700 shares of the energy company’s stock valued at $872,000 after acquiring an additional 26,100 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Southwestern Energy by 8.1% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 411,831 shares of the energy company’s stock valued at $2,953,000 after acquiring an additional 30,715 shares in the last quarter. Inspire Investing LLC bought a new position in Southwestern Energy in the 1st quarter valued at about $234,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Southwestern Energy by 1.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,636 shares of the energy company’s stock valued at $636,000 after acquiring an additional 1,483 shares in the last quarter. Institutional investors 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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