Southwestern Energy (NYSE:SWN) Rating Reiterated by Piper Sandler

Piper Sandler reaffirmed their neutral rating on shares of Southwestern Energy (NYSE:SWN) in a report issued on Friday, Marketbeat Ratings reports. The firm currently has a $7.00 price objective on the energy company’s stock, down from their previous price objective of $8.00.

Several other research analysts have also recently weighed in on SWN. Susquehanna boosted their price objective on Southwestern Energy from $6.50 to $7.00 and gave the stock a neutral rating in a research report on Monday, March 4th. Scotiabank cut Southwestern Energy from a sector outperform rating to a sector perform rating and upped their price target for the company from $9.00 to $9.50 in a research report on Thursday, April 11th. Mizuho raised Southwestern Energy from an underperform rating to a neutral rating and upped their price target for the company from $6.00 to $9.00 in a research report on Monday, February 26th. Seaport Res Ptn cut Southwestern Energy from a buy rating to a neutral rating in a research report on Wednesday, January 31st. Finally, UBS Group upped their price target on Southwestern Energy from $6.00 to $6.25 and gave the company a neutral rating in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Southwestern Energy presently has a consensus rating of Hold and a consensus price target of $8.07.

Southwestern Energy Trading Up 1.6 %

Shares of Southwestern Energy stock opened at $7.41 on Friday. The stock has a fifty day simple moving average of $7.15 and a 200 day simple moving average of $6.83. Southwestern Energy has a 12-month low of $4.57 and a 12-month high of $7.69. The company has a market capitalization of $8.16 billion, a P/E ratio of 5.26 and a beta of 1.12. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. Southwestern Energy’s revenue was down 49.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Southwestern Energy will post 0.61 earnings per share for the current fiscal year.

Institutional Trading of Southwestern Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC raised its stake in shares of Southwestern Energy by 32.3% during the 3rd quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock valued at $256,613,000 after purchasing an additional 9,709,483 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Southwestern Energy by 7.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 29,332,203 shares of the energy company’s stock valued at $192,133,000 after purchasing an additional 1,924,108 shares during the period. Invesco Ltd. raised its stake in shares of Southwestern Energy by 13.7% during the 3rd quarter. Invesco Ltd. now owns 22,735,475 shares of the energy company’s stock valued at $146,644,000 after purchasing an additional 2,744,656 shares during the period. Kopernik Global Investors LLC raised its stake in shares of Southwestern Energy by 0.7% during the 4th quarter. Kopernik Global Investors LLC now owns 21,007,377 shares of the energy company’s stock valued at $137,598,000 after purchasing an additional 143,007 shares during the period. Finally, Kimmeridge Energy Management Company LLC bought a new position in Southwestern Energy in the 4th quarter worth about $120,352,000. 86.97% of the stock is currently owned by institutional investors.

Southwestern Energy Company Profile

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.