Southwestern Energy (NYSE:SWN) PT Raised to $6.30 at Wells Fargo & Company

Southwestern Energy (NYSE:SWN) had its target price lifted by investment analysts at Wells Fargo & Company from $6.20 to $6.30 in a research note issued on Friday, Marketbeat Ratings reports. The firm presently has an “underweight” rating on the energy company’s stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 7.01% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. StockNews.com initiated coverage on Southwestern Energy in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Stifel Nicolaus increased their target price on Southwestern Energy from $7.50 to $8.00 and gave the company a “buy” rating in a research report on Friday, August 11th. The Goldman Sachs Group boosted their price target on Southwestern Energy from $5.00 to $5.50 and gave the stock a “sell” rating in a research report on Wednesday, August 23rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $5.00 price objective on shares of Southwestern Energy in a research report on Wednesday, July 19th. Finally, UBS Group boosted their target price on shares of Southwestern Energy from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.29.

Southwestern Energy Stock Performance

Shares of Southwestern Energy stock opened at $6.78 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62. The stock’s fifty day moving average is $6.29 and its two-hundred day moving average is $5.51. Southwestern Energy has a 52 week low of $4.57 and a 52 week high of $8.27. The company has a market capitalization of $7.46 billion, a PE ratio of 1.36 and a beta of 1.38.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Friday, August 4th. The energy company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Southwestern Energy had a net margin of 48.82% and a return on equity of 23.55%. The firm’s quarterly revenue was down 69.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 EPS. As a group, analysts expect that Southwestern Energy will post 0.64 earnings per share for the current year.

Institutional Investors Weigh In On Southwestern Energy

Institutional investors and hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. raised its position in Southwestern Energy by 7.2% during the 1st quarter. D.A. Davidson & CO. now owns 24,715 shares of the energy company’s stock worth $177,000 after buying an additional 1,668 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Southwestern Energy by 12.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 17,512 shares of the energy company’s stock valued at $107,000 after purchasing an additional 1,994 shares during the period. CLARET ASSET MANAGEMENT Corp boosted its holdings in Southwestern Energy by 17.2% in the first quarter. CLARET ASSET MANAGEMENT Corp now owns 13,614 shares of the energy company’s stock valued at $68,000 after purchasing an additional 2,000 shares during the last quarter. Parallel Advisors LLC grew its position in Southwestern Energy by 50.8% during the 1st quarter. Parallel Advisors LLC now owns 6,653 shares of the energy company’s stock worth $33,000 after purchasing an additional 2,240 shares during the period. Finally, Orion Portfolio Solutions LLC raised its stake in shares of Southwestern Energy by 19.5% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 14,101 shares of the energy company’s stock valued at $85,000 after buying an additional 2,302 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

About Southwestern Energy

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.