Southwestern Energy (NYSE:SWN) Downgraded by Mizuho to Neutral

Mizuho downgraded shares of Southwestern Energy (NYSE:SWNGet Rating) from a buy rating to a neutral rating in a research note published on Tuesday, Briefing.com reports. They currently have $9.00 price objective on the energy company’s stock, down from their prior price objective of $11.00.

Several other equities research analysts have also recently commented on SWN. The Goldman Sachs Group cut their price target on shares of Southwestern Energy from $8.50 to $7.50 and set a neutral rating on the stock in a research report on Thursday, December 29th. Truist Financial raised shares of Southwestern Energy from a hold rating to a buy rating and upped their target price for the company from $7.00 to $11.00 in a report on Monday, October 3rd. Jefferies Financial Group initiated coverage on shares of Southwestern Energy in a report on Wednesday, October 19th. They issued a buy rating and a $11.00 target price on the stock. Citigroup cut shares of Southwestern Energy from a buy rating to a neutral rating and dropped their target price for the company from $10.00 to $6.50 in a report on Wednesday, December 7th. Finally, Morgan Stanley dropped their target price on shares of Southwestern Energy to $7.00 in a report on Wednesday, December 14th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $10.03.

Southwestern Energy Trading Down 2.7 %

SWN opened at $5.68 on Tuesday. The stock has a market capitalization of $6.33 billion, a P/E ratio of 4.18 and a beta of 1.27. Southwestern Energy has a 12 month low of $3.81 and a 12 month high of $9.87. The firm’s fifty day simple moving average is $6.38 and its 200 day simple moving average is $6.70. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 3.43.

Southwestern Energy (NYSE:SWNGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The energy company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. Southwestern Energy had a net margin of 8.98% and a return on equity of 122.25%. The firm had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the firm posted $0.24 EPS. The company’s revenue for the quarter was up 184.2% on a year-over-year basis. As a group, research analysts anticipate that Southwestern Energy will post 1.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Southwestern Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in SWN. Raymond James & Associates lifted its stake in Southwestern Energy by 14.9% in the 1st quarter. Raymond James & Associates now owns 156,725 shares of the energy company’s stock valued at $1,124,000 after purchasing an additional 20,272 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Southwestern Energy by 133.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 139,901 shares of the energy company’s stock valued at $1,003,000 after purchasing an additional 80,088 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Southwestern Energy by 47.5% during the first quarter. American Century Companies Inc. now owns 236,458 shares of the energy company’s stock valued at $1,695,000 after acquiring an additional 76,127 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Southwestern Energy by 184.8% during the first quarter. HighTower Advisors LLC now owns 78,456 shares of the energy company’s stock valued at $565,000 after acquiring an additional 50,904 shares during the last quarter. Finally, Cetera Advisor Networks LLC raised its stake in shares of Southwestern Energy by 9.5% during the first quarter. Cetera Advisor Networks LLC now owns 46,886 shares of the energy company’s stock valued at $336,000 after acquiring an additional 4,051 shares during the last quarter. Institutional investors own 82.26% 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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