UBS Group Increases Southwestern Energy (NYSE:SWN) Price Target to $2.00

Southwestern Energy (NYSE:SWN) had its target price increased by UBS Group from $1.90 to $2.00 in a research note issued to investors on Monday, BenzingaRatingsTable reports. The brokerage currently has a “neutral” rating on the energy company’s stock. UBS Group’s price target points to a potential downside of 20.95% from the stock’s previous close.

A number of other research firms have also recently commented on SWN. Wells Fargo & Co restated an “underweight” rating and issued a $3.50 price objective on shares of Southwestern Energy in a research report on Thursday, June 25th. ValuEngine lowered shares of Southwestern Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. SunTrust Banks upped their target price on shares of Southwestern Energy from $1.00 to $3.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Stifel Nicolaus upped their target price on shares of Southwestern Energy from $1.50 to $1.60 and gave the stock a “hold” rating in a research note on Monday, April 20th. Finally, MKM Partners upped their target price on shares of Southwestern Energy from $2.00 to $3.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Six investment analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $2.93.

SWN opened at $2.53 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.41. Southwestern Energy has a 12 month low of $1.06 and a 12 month high of $3.90. The company has a fifty day simple moving average of $2.98 and a 200 day simple moving average of $2.28. The stock has a market cap of $1.30 billion, a P/E ratio of -1.10 and a beta of 1.56.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, April 30th. The energy company reported $0.10 EPS for the quarter, beating the Zacks’ 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 business had revenue of $592.00 million during the quarter, compared to analysts’ expectations of $659.76 million. During the same quarter in the prior year, the company earned $0.27 EPS. The firm’s quarterly revenue was down 40.2% on a year-over-year basis. On average, equities research analysts expect that Southwestern Energy will post 0.25 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of SWN. Victory Capital Management Inc. lifted its stake in Southwestern Energy by 85.3% in the 4th quarter. Victory Capital Management Inc. now owns 255,274 shares of the energy company’s stock valued at $401,000 after purchasing an additional 117,491 shares during the last quarter. Swiss National Bank raised its holdings in Southwestern Energy by 1.9% in the 4th quarter. Swiss National Bank now owns 1,036,300 shares of the energy company’s stock valued at $2,508,000 after acquiring an additional 18,900 shares during the period. PNC Financial Services Group Inc. raised its holdings in Southwestern Energy by 10.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 92,884 shares of the energy company’s stock valued at $225,000 after acquiring an additional 8,802 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Southwestern Energy by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,340,775 shares of the energy company’s stock valued at $8,085,000 after acquiring an additional 69,627 shares during the period. Finally, Comerica Bank raised its holdings in Southwestern Energy by 64.2% in the 4th quarter. Comerica Bank now owns 509,002 shares of the energy company’s stock valued at $794,000 after acquiring an additional 199,086 shares during the period.

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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