Southwestern Energy (NYSE:SWN) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Southwestern Energy (NYSE:SWN) in a report issued on Friday. The brokerage issued a hold rating on the energy company’s stock.

SWN has been the topic of a number of other reports. Piper Sandler reaffirmed a neutral rating and set a $7.00 price objective (down from $8.00) on shares of Southwestern Energy in a research report on Friday, April 19th. Mizuho raised their price target on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a neutral rating in a report on Monday, May 13th. Stifel Nicolaus boosted their price objective on shares of Southwestern Energy from $6.60 to $7.60 and gave the company a hold rating in a report on Tuesday, April 23rd. Wolfe Research began coverage on shares of Southwestern Energy in a report on Thursday, July 18th. They issued a peer perform rating on the stock. Finally, Scotiabank cut Southwestern Energy from a sector outperform rating to a sector perform rating and increased their price target for the company from $9.00 to $9.50 in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $8.42.

Southwestern Energy Stock Down 3.6 %

NYSE:SWN opened at $6.10 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $6.73 billion, a P/E ratio of -3.51 and a beta of 1.17. Southwestern Energy has a fifty-two week low of $5.93 and a fifty-two week high of $7.80. The firm has a 50-day simple moving average of $6.88 and a two-hundred day simple moving average of $7.01.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 9.68%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. Analysts predict that Southwestern Energy will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of Southwestern Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rise Advisors LLC bought a new position in Southwestern Energy in the 1st quarter worth $25,000. Pingora Partners LLC bought a new position in shares of Southwestern Energy in the fourth quarter worth about $30,000. Parkside Financial Bank & Trust grew its position in shares of Southwestern Energy by 481.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock worth $30,000 after purchasing an additional 3,854 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in Southwestern Energy during the 1st quarter valued at approximately $43,000. Finally, Larson Financial Group LLC lifted its holdings in Southwestern Energy by 4,752.1% in the 2nd quarter. Larson Financial Group LLC now owns 5,871 shares of the energy company’s stock worth $40,000 after purchasing an additional 5,750 shares in the last quarter. 86.97% of the stock is owned by hedge funds and other institutional investors.

About Southwestern Energy

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.