Northland Securities assumed coverage on shares of Southwestern Energy (NYSE:SWN) in a research note published on Monday, Benzinga reports. The firm issued a market perform rating and a $2.00 price target on the energy company’s stock.
A number of other analysts have also recently commented on SWN. UBS Group upped their price objective on Southwestern Energy from $1.90 to $2.00 and gave the company a neutral rating in a research report on Monday, June 29th. Citigroup boosted their price target on Southwestern Energy from $2.00 to $3.00 and gave the company a neutral rating in a report on Thursday, May 21st. Mizuho initiated coverage on Southwestern Energy in a report on Wednesday, July 22nd. They set a neutral rating and a $4.00 price target for the company. Morgan Stanley boosted their price target on Southwestern Energy from $1.50 to $2.25 and gave the company an underweight rating in a report on Friday, August 21st. Finally, Wells Fargo & Company raised Southwestern Energy from an underweight rating to an equal weight rating and set a $4.50 price target for the company in a report on Thursday, August 13th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $2.92.
Southwestern Energy stock opened at $2.45 on Monday. The stock has a market cap of $1.48 billion, a PE ratio of -0.58 and a beta of 1.52. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.88 and a current ratio of 0.88. Southwestern Energy has a one year low of $1.06 and a one year high of $3.90. The stock has a fifty day moving average of $2.72 and a 200 day moving average of $2.57.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SWN. Transcend Wealth Collective LLC bought a new position in shares of Southwestern Energy in the first quarter worth about $25,000. Ballentine Partners LLC bought a new position in shares of Southwestern Energy in the second quarter worth about $28,000. Pinnacle Wealth Planning Services Inc. bought a new position in shares of Southwestern Energy in the first quarter worth about $29,000. Nomura Asset Management Co. Ltd. bought a new position in shares of Southwestern Energy in the first quarter worth about $34,000. Finally, Pictet Asset Management Ltd. bought a new position in shares of Southwestern Energy in the first quarter worth about $36,000. 87.89% of the stock is owned by hedge funds and other institutional investors.
Southwestern Energy Company Profile
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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