Southwestern Energy (NYSE:SWN) Given “Neutral” Rating at Piper Sandler

Southwestern Energy (NYSE:SWN)‘s stock had its “neutral” rating reissued by research analysts at Piper Sandler in a research report issued to clients and investors on Friday, Marketbeat reports. They presently have a $7.00 price objective on the energy company’s stock, down from their previous price objective of $8.00. Piper Sandler’s price objective points to a potential downside of 3.98% from the company’s current price.

SWN has been the topic of a number of other reports. Stifel Nicolaus reissued a “hold” rating and issued a $6.60 target price (down from $8.50) on shares of Southwestern Energy in a research note on Tuesday, January 23rd. Scotiabank lowered shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and raised their target price for the stock from $9.00 to $9.50 in a research note on Thursday, April 11th. Susquehanna raised their target price on shares of Southwestern Energy from $6.50 to $7.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Citigroup raised their target price on shares of Southwestern Energy from $8.00 to $8.24 and gave the stock a “buy” rating in a research note on Friday, January 12th. Finally, Mizuho raised shares of Southwestern Energy from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $6.00 to $9.00 in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Southwestern Energy presently has an average rating of “Hold” and a consensus price target of $8.04.

Southwestern Energy Trading Up 0.1 %

SWN stock opened at $7.29 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67. Southwestern Energy has a 12-month low of $4.57 and a 12-month high of $7.69. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 5.17 and a beta of 1.12. The business’s 50-day moving average is $7.13 and its 200 day moving average is $6.82.

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

Institutional Trading of Southwestern Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fruth Investment Management raised its position in Southwestern Energy by 14.4% in the first quarter. Fruth Investment Management now owns 12,236 shares of the energy company’s stock valued at $92,000 after purchasing an additional 1,536 shares during the period. Norden Group LLC purchased a new stake in Southwestern Energy in the first quarter valued at approximately $318,000. State of Michigan Retirement System raised its position in Southwestern Energy by 2.3% in the first quarter. State of Michigan Retirement System now owns 270,500 shares of the energy company’s stock valued at $2,050,000 after purchasing an additional 6,200 shares during the period. Fifth Third Wealth Advisors LLC raised its position in Southwestern Energy by 28.2% in the first quarter. Fifth Third Wealth Advisors LLC now owns 18,510 shares of the energy company’s stock valued at $140,000 after purchasing an additional 4,075 shares during the period. Finally, Southland Equity Partners LLC purchased a new stake in Southwestern Energy in the first quarter valued at approximately $216,000. Hedge funds and other institutional investors 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.