Southwestern Energy (SWN) Receives Hold Rating from Piper Jaffray Companies

Southwestern Energy (NYSE:SWN)‘s stock had its “hold” rating reissued by stock analysts at Piper Jaffray Companies in a research note issued to investors on Tuesday. They presently have a $7.00 target price on the energy company’s stock. Piper Jaffray Companies’ price objective indicates a potential upside of 26.81% from the stock’s previous close.

Several other brokerages have also recently weighed in on SWN. KeyCorp reiterated a “hold” rating on shares of Southwestern Energy in a research note on Friday, November 10th. Mizuho cut shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 21st. BMO Capital Markets set a $9.00 price objective on shares of Southwestern Energy and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Robert W. Baird reiterated a “hold” rating and issued a $8.00 price objective on shares of Southwestern Energy in a research note on Tuesday, September 26th. Finally, Wolfe Research raised shares of Southwestern Energy from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $6.00 to $7.00 in a report on Wednesday, September 20th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company. Southwestern Energy has an average rating of “Hold” and an average target price of $8.95.

Shares of Southwestern Energy (NYSE:SWN) traded up $0.11 during trading hours on Tuesday, hitting $5.52. 41,347,814 shares of the stock traded hands, compared to its average volume of 20,710,000. Southwestern Energy has a 52-week low of $4.90 and a 52-week high of $10.45. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.66. The company has a market cap of $2,830.00, a PE ratio of 8.90 and a beta of 1.23.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, October 26th. The energy company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). Southwestern Energy had a return on equity of 10.70% and a net margin of 10.45%. The business had revenue of $737.00 million during the quarter, compared to the consensus estimate of $773.99 million. During the same quarter last year, the company earned $0.03 EPS. Southwestern Energy’s revenue for the quarter was up 13.2% on a year-over-year basis. equities analysts forecast that Southwestern Energy will post 0.44 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its holdings in Southwestern Energy by 26.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,038,414 shares of the energy company’s stock valued at $18,474,000 after buying an additional 635,222 shares in the last quarter. American Century Companies Inc. grew its holdings in Southwestern Energy by 17.4% during the 2nd quarter. American Century Companies Inc. now owns 96,399 shares of the energy company’s stock valued at $586,000 after buying an additional 14,262 shares in the last quarter. Utah Retirement Systems grew its holdings in Southwestern Energy by 3.2% during the 2nd quarter. Utah Retirement Systems now owns 92,356 shares of the energy company’s stock valued at $561,000 after buying an additional 2,900 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Southwestern Energy by 175.5% during the 2nd quarter. Principal Financial Group Inc. now owns 2,146,056 shares of the energy company’s stock valued at $13,049,000 after buying an additional 1,367,151 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Southwestern Energy by 99.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 73,828 shares of the energy company’s stock valued at $449,000 after buying an additional 36,890 shares in the last quarter. 88.52% of the stock is owned by institutional investors.

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Southwestern Energy Company Profile

Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.

Analyst Recommendations for Southwestern Energy (NYSE:SWN)

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