StockNews.com Begins Coverage on Southwestern Energy (NYSE:SWN)

StockNews.com initiated coverage on shares of Southwestern Energy (NYSE:SWN) in a report released on Saturday. The firm set a “hold” rating on the energy company’s stock.

A number of other equities analysts have also commented on SWN. Piper Sandler reaffirmed a “neutral” rating and set a $7.00 target price (down from $8.00) on shares of Southwestern Energy in a research report on Friday. Seaport Res Ptn downgraded Southwestern Energy from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. Scotiabank cut Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and upped their target price for the stock from $9.00 to $9.50 in a report on Thursday, April 11th. Citigroup raised their price target on Southwestern Energy from $8.00 to $8.24 and gave the company a “buy” rating in a research note on Friday, January 12th. Finally, UBS Group upped their price objective on shares of Southwestern Energy from $6.00 to $6.25 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.04.

Southwestern Energy Stock Performance

Shares of Southwestern Energy stock opened at $7.29 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.67. The stock’s fifty day moving average is $7.13 and its two-hundred day moving average is $6.82. Southwestern Energy has a 52 week low of $4.57 and a 52 week high of $7.69. The company has a market capitalization of $8.03 billion, a PE ratio of 5.17 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The business’s revenue for the quarter was down 49.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. As a group, analysts expect that Southwestern Energy will post 0.61 earnings per share for the current year.

Institutional Trading of Southwestern Energy

A number of institutional investors have recently made changes to their positions in SWN. Fruth Investment Management boosted its holdings in Southwestern Energy by 14.4% in the first quarter. Fruth Investment Management now owns 12,236 shares of the energy company’s stock worth $92,000 after acquiring an additional 1,536 shares in the last quarter. Norden Group LLC acquired a new stake in Southwestern Energy in the 1st quarter worth approximately $318,000. State of Michigan Retirement System boosted its stake in Southwestern Energy by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 270,500 shares of the energy company’s stock worth $2,050,000 after purchasing an additional 6,200 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in Southwestern Energy by 28.2% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 18,510 shares of the energy company’s stock worth $140,000 after purchasing an additional 4,075 shares during the last quarter. Finally, Southland Equity Partners LLC acquired a new position in Southwestern Energy during the 1st quarter valued at approximately $216,000. Institutional investors and hedge funds own 86.97% of the company’s stock.

Southwestern Energy Company Profile

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.