Southwestern Energy (NYSE:SWN) Hits New 1-Year Low Following Analyst Downgrade

Southwestern Energy (NYSE:SWN – Get Rating)’s stock price hit a new 52-week low during trading on Monday after BMO Capital Markets lowered their price target on the stock from $7.00 to $6.00. The company traded as low as $4.77 and last traded at $4.77, with a volume of 133624 shares trading hands. The stock had previously closed at $4.94.

SWN has been the topic of a number of other reports. Morgan Stanley dropped their target price on Southwestern Energy from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 24th. TheStreet upgraded Southwestern Energy from a “d+” rating to a “c” rating in a research report on Friday, February 24th. The Goldman Sachs Group dropped their target price on Southwestern Energy from $7.50 to $6.50 and set a “neutral” rating on the stock in a report on Wednesday, January 25th. Wells Fargo & Company started coverage on Southwestern Energy in a report on Tuesday, January 24th. They issued an “equal weight” rating on the stock. Finally, Benchmark downgraded shares of Southwestern Energy from a “buy” rating to a “hold” rating in a research note on Monday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $8.91.

Hedge Funds Weigh In On Southwestern Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SWN. Raymond James & Associates raised its holdings in shares of 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 buying an additional 20,272 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Southwestern Energy by 133.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 139,901 shares of the energy company’s stock worth $1,003,000 after acquiring an additional 80,088 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Southwestern Energy by 47.5% during the 1st quarter. American Century Companies Inc. now owns 236,458 shares of the energy company’s stock worth $1,695,000 after acquiring an additional 76,127 shares in the last quarter. HighTower Advisors LLC raised its stake in Southwestern Energy by 184.8% during the 1st 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 1st quarter. Cetera Advisor Networks LLC now owns 46,886 shares of the energy company’s stock worth $336,000 after buying an additional 4,051 shares in the last quarter. Institutional investors and hedge funds own 82.26% of the company’s stock.

Southwestern Energy Stock Down 2.6 %

The stock has a market capitalization of $5.29 billion, a PE ratio of 2.86 and a beta of 1.28. The firm has a 50 day moving average of $5.46 and a two-hundred day moving average of $6.29. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.02.

Southwestern Energy (NYSE:SWN – Get Rating) last released its quarterly earnings data on Friday, February 24th. The energy company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Southwestern Energy had a net margin of 12.32% and a return on equity of 87.78%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the business earned $0.31 earnings per share. Equities research analysts anticipate that Southwestern Energy will post 1.02 earnings per share for the current year.

Southwestern Energy Company Profile

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Southwestern Energy Co is a holding company, which engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs). It operates through the Exploration and Production (E&P), and Marketing segments. The E&P segment includes operations in northeast Pennsylvania, West Virginia, and southwest Pennsylvania, The Marketing segment deals in the marketing and transportation of natural gas, oil and NGLs primarily produced in E&P.