Southwestern Energy (NYSE:SWN) Lowered to Hold at Benchmark

Benchmark downgraded shares of Southwestern Energy (NYSE:SWN – Get Rating) from a buy rating to a hold rating in a report released on Monday, MarketBeat Ratings reports.

Several other analysts have also issued reports on the company. Jefferies Financial Group initiated coverage on Southwestern Energy in a report on Wednesday, October 19th. They set a buy rating and a $11.00 price target for the company. Citigroup lowered Southwestern Energy from a buy rating to a neutral rating and cut their price target for the company from $10.00 to $6.50 in a report on Wednesday, December 7th. Raymond James cut their price target on Southwestern Energy from $10.50 to $9.00 and set an outperform rating for the company in a report on Monday, October 24th. Mizuho downgraded Southwestern Energy from a buy rating to a neutral rating and lowered their price objective for the company from $11.00 to $9.00 in a research report on Tuesday, January 10th. Finally, Morgan Stanley lowered their price objective on Southwestern Energy to $7.00 in a research report on Wednesday, December 14th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $10.03.

Southwestern Energy Stock Performance

Shares of SWN opened at $5.91 on Monday. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.37 and a quick ratio of 0.37. Southwestern Energy has a one year low of $3.81 and a one year high of $9.87. The firm has a market capitalization of $6.59 billion, a P/E ratio of 4.35 and a beta of 1.27. The business has a fifty day moving average of $6.20 and a 200 day moving average of $6.66.

Southwestern Energy (NYSE:SWN – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The energy company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. Southwestern Energy had a return on equity of 122.25% and a net margin of 8.98%. The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. Southwestern Energy’s revenue for the quarter was up 184.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Southwestern Energy will post 1.34 EPS for the current year.

Institutional Investors Weigh In On Southwestern Energy

Hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in Southwestern Energy by 9.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 15,216,476 shares of the energy company’s stock valued at $89,016,000 after purchasing an additional 1,338,319 shares during the period. Crossmark Global Holdings Inc. raised its position in Southwestern Energy by 9.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 82,450 shares of the energy company’s stock valued at $483,000 after purchasing an additional 6,880 shares during the period. CCG Wealth Management LLC purchased a new stake in Southwestern Energy during the fourth quarter valued at approximately $68,000. Rothschild Investment Corp IL purchased a new stake in Southwestern Energy during the fourth quarter valued at approximately $266,000. Finally, Maryland State Retirement & Pension System purchased a new stake in Southwestern Energy during the fourth quarter valued at approximately $501,000. 82.26% of the stock is currently owned by hedge funds and other institutional investors.

Southwestern Energy Company Profile

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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.