Southwestern Energy (NYSE:SWN) Shares Gap Up After Analyst Upgrade

Southwestern Energy (NYSE:SWN) gapped up before the market opened on Tuesday after UBS Group raised their price target on the stock from $1.90 to $2.00. The stock had previously closed at $2.61, but opened at $2.53. UBS Group currently has a neutral rating on the stock. Southwestern Energy shares last traded at $2.44, with a volume of 3,783,633 shares changing hands.

A number of other research analysts have also recently issued reports on the stock. MKM Partners lifted their price objective on shares of Southwestern Energy from $2.00 to $3.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Citigroup boosted their price target on shares of Southwestern Energy from $2.00 to $3.00 and gave the stock a “neutral” rating in a report on Thursday, May 21st. TheStreet cut shares of Southwestern Energy from a “c” rating to a “d” rating in a report on Thursday, April 30th. Wells Fargo & Co restated an “underweight” rating and set a $3.50 price target on shares of Southwestern Energy in a report on Thursday, June 25th. Finally, SunTrust Banks boosted their price target on shares of Southwestern Energy from $1.00 to $3.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Six analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $2.93.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of Southwestern Energy by 29.8% in the first quarter. State Street Corp now owns 56,233,635 shares of the energy company’s stock valued at $95,035,000 after purchasing an additional 12,904,286 shares during the period. Disciplined Growth Investors Inc. MN raised its position in shares of Southwestern Energy by 58.2% in the first quarter. Disciplined Growth Investors Inc. MN now owns 26,519,679 shares of the energy company’s stock valued at $44,818,000 after purchasing an additional 9,756,747 shares during the period. Norges Bank bought a new stake in shares of Southwestern Energy in the fourth quarter valued at approximately $21,266,000. Kopernik Global Investors LLC raised its position in shares of Southwestern Energy by 39.8% in the first quarter. Kopernik Global Investors LLC now owns 27,801,608 shares of the energy company’s stock valued at $46,985,000 after purchasing an additional 7,908,826 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Southwestern Energy by 38.1% in the first quarter. Russell Investments Group Ltd. now owns 20,782,263 shares of the energy company’s stock valued at $35,101,000 after purchasing an additional 5,728,479 shares during the period.

The firm’s 50-day moving average price is $3.00 and its 200-day moving average price is $2.28. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.41. The company has a market cap of $1.30 billion, a P/E ratio of -1.07 and a beta of 1.56.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, April 30th. The energy company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. Southwestern Energy had a negative net margin of 47.35% and a positive return on equity of 8.56%. The company had revenue of $592.00 million for the quarter, compared to analyst estimates of $659.76 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was down 40.2% compared to the same quarter last year. As a group, analysts forecast that Southwestern Energy will post 0.25 earnings per share for the current year.

Southwestern Energy Company Profile (NYSE:SWN)

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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