Southwestern Energy (NYSE:SWN) Given New $7.60 Price Target at Stifel Nicolaus

Southwestern Energy (NYSE:SWN) had its target price raised by Stifel Nicolaus from $6.60 to $7.60 in a report published on Tuesday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the energy company’s stock.

Other equities analysts have also recently issued research reports about the stock. Piper Sandler reissued a neutral rating and set a $7.00 price objective (down previously from $8.00) on shares of Southwestern Energy in a research report on Friday, April 19th. Citigroup increased their price objective on shares of Southwestern Energy from $8.00 to $8.24 and gave the stock a buy rating in a research report on Friday, January 12th. Mizuho raised shares of Southwestern Energy from an underperform rating to a neutral rating and increased their price objective for the stock from $6.00 to $9.00 in a research report on Monday, February 26th. Susquehanna raised their price target on shares of Southwestern Energy from $7.00 to $7.50 and gave the company a neutral rating in a research report on Monday. Finally, UBS Group raised their price target on shares of Southwestern Energy from $6.00 to $6.25 and gave the company a neutral rating in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $8.14.

Southwestern Energy Stock Performance

Shares of Southwestern Energy stock opened at $7.65 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67. The business has a 50-day moving average price of $7.22 and a two-hundred day moving average price of $6.85. Southwestern Energy has a 1-year low of $4.57 and a 1-year high of $7.69. The company has a market cap of $8.43 billion, a P/E ratio of 5.43 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The business’s revenue was down 49.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. As a group, analysts anticipate that Southwestern Energy will post 0.57 EPS for the current year.

Hedge Funds Weigh In On Southwestern Energy

Several hedge funds have recently modified their holdings of SWN. CWM LLC lifted its position in shares of Southwestern Energy by 42.5% during the 3rd quarter. CWM LLC now owns 13,238 shares of the energy company’s stock worth $85,000 after buying an additional 3,950 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Southwestern Energy by 34.0% during the 3rd quarter. SG Americas Securities LLC now owns 54,040 shares of the energy company’s stock worth $349,000 after buying an additional 13,712 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Southwestern Energy during the 3rd quarter worth approximately $657,000. Covenant Partners LLC purchased a new stake in shares of Southwestern Energy during the 3rd quarter worth approximately $93,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Southwestern Energy by 118.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 75,479 shares of the energy company’s stock worth $487,000 after purchasing an additional 41,000 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.