Southwestern Energy (NYSE:SWN) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Southwestern Energy (NYSE:SWN) in a research note released on Monday. The brokerage issued a hold rating on the energy company’s stock.

A number of other research analysts have also weighed in on the company. Piper Sandler reduced their target price on Southwestern Energy from $7.00 to $6.00 and set a neutral rating for the company in a report on Thursday, August 15th. Scotiabank reduced their price objective on shares of Southwestern Energy from $9.50 to $9.00 and set a sector perform rating for the company in a research note on Tuesday, August 20th. Mizuho upped their target price on shares of Southwestern Energy from $9.00 to $10.00 and gave the stock a neutral rating in a report on Monday, May 13th. Wolfe Research initiated coverage on shares of Southwestern Energy in a report on Thursday, July 18th. They issued a peer perform rating for the company. Finally, Susquehanna reduced their price target on shares of Southwestern Energy from $7.00 to $6.50 and set a neutral rating for the company in a research report on Monday, August 19th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Southwestern Energy presently has an average rating of Hold and a consensus target price of $8.50.

Southwestern Energy Stock Performance

Shares of SWN stock opened at $6.36 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of -3.66 and a beta of 1.17. Southwestern Energy has a 52 week low of $5.85 and a 52 week high of $7.80. The firm’s 50-day simple moving average is $6.51 and its two-hundred day simple moving average is $6.97.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.12 billion. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 EPS. As a group, equities analysts forecast that Southwestern Energy will post 0.61 earnings per share for the current year.

Institutional Investors Weigh In On Southwestern Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Maven Securities LTD purchased a new stake in shares of Southwestern Energy during the second quarter worth about $756,000. Kestra Investment Management LLC bought a new stake in shares of Southwestern Energy in the 2nd quarter worth about $170,000. Teachers Retirement System of The State of Kentucky raised its position in Southwestern Energy by 19.0% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 2,129,629 shares of the energy company’s stock valued at $14,332,000 after purchasing an additional 340,000 shares during the period. Water Island Capital LLC lifted its position in Southwestern Energy by 5.8% in the second quarter. Water Island Capital LLC now owns 193,851 shares of the energy company’s stock worth $1,305,000 after buying an additional 10,611 shares during the last quarter. Finally, Creative Planning grew its holdings in Southwestern Energy by 9.1% during the 2nd quarter. Creative Planning now owns 76,184 shares of the energy company’s stock valued at $513,000 after purchasing an additional 6,341 shares during the last quarter. Institutional investors own 86.97% of the company’s stock.

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.