Southwestern Energy (NYSE:SWN) Rating Increased to Neutral at UBS Group

UBS Group upgraded shares of Southwestern Energy (NYSE:SWN) from a sell rating to a neutral rating in a research note published on Wednesday, BenzingaRatingsTable reports. The firm currently has $1.90 price target on the energy company’s stock, down from their prior price target of $3.10.

SWN has been the subject of a number of other reports. Wolfe Research cut shares of Southwestern Energy from a peer perform rating to an underperform rating in a research report on Thursday, April 18th. Bank of America restated an underperform rating and set a $2.50 price objective (down from $3.00) on shares of Southwestern Energy in a research report on Wednesday, August 7th. Morgan Stanley set a $2.00 price objective on shares of Southwestern Energy and gave the stock a sell rating in a research report on Monday, June 24th. B. Riley restated a buy rating and set a $6.50 price objective (down from $7.30) on shares of Southwestern Energy in a research report on Friday, May 17th. Finally, Credit Suisse Group cut shares of Southwestern Energy from a neutral rating to an underperform rating and set a $2.83 price objective for the company. in a research report on Tuesday, July 9th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $4.20.

NYSE:SWN opened at $1.80 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.84 and a current ratio of 0.84. The company has a fifty day moving average of $2.39 and a two-hundred day moving average of $3.65. The stock has a market capitalization of $936.48 million, a PE ratio of 1.76, a P/E/G ratio of 0.33 and a beta of 1.02. Southwestern Energy has a fifty-two week low of $1.64 and a fifty-two week high of $6.23.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.01). The company had revenue of $667.00 million for the quarter, compared to analyst estimates of $851.21 million. Southwestern Energy had a return on equity of 19.16% and a net margin of 26.70%. The business’s revenue was down 18.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. Research analysts forecast that Southwestern Energy will post 0.59 earnings per share for the current year.

In other Southwestern Energy news, CFO Julian Mark Bott bought 25,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $1.90 per share, with a total value of $47,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 25,000 shares of the company’s stock, valued at $47,500. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William J. Way bought 100,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of $1.91 per share, with a total value of $191,000.00. Following the acquisition, the insider now directly owns 771,362 shares of the company’s stock, valued at $1,473,301.42. The disclosure for this purchase can be found here. 0.66% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings in shares of Southwestern Energy by 827.4% during the second quarter. Tower Research Capital LLC TRC now owns 7,883 shares of the energy company’s stock worth $25,000 after buying an additional 7,033 shares in the last quarter. Stevens Capital Management LP purchased a new stake in shares of Southwestern Energy in the first quarter valued at about $54,000. Cleararc Capital Inc. purchased a new stake in shares of Southwestern Energy in the first quarter valued at about $65,000. Wetherby Asset Management Inc. purchased a new stake in shares of Southwestern Energy in the second quarter valued at about $45,000. Finally, Van Hulzen Asset Management LLC purchased a new stake in shares of Southwestern Energy in the first quarter valued at about $67,000. 94.63% of the stock is owned by institutional investors and hedge funds.

About Southwestern Energy

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.

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Analyst Recommendations for Southwestern Energy (NYSE:SWN)

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