Susquehanna Boosts Southwestern Energy (NYSE:SWN) Price Target to $7.50

Southwestern Energy (NYSE:SWN) had its price objective increased by Susquehanna from $7.00 to $7.50 in a research report sent to investors on Monday morning, Benzinga reports. Susquehanna currently has a neutral rating on the energy company’s stock.

Several other research firms also recently weighed in on SWN. Scotiabank downgraded Southwestern Energy from a sector outperform rating to a sector perform rating and lifted their target price for the company from $9.00 to $9.50 in a research report on Thursday, April 11th. Piper Sandler reiterated a neutral rating and issued a $7.00 price objective (down previously from $8.00) on shares of Southwestern Energy in a research note on Friday, April 19th. Citigroup lifted their price objective on Southwestern Energy from $8.00 to $8.24 and gave the company a buy rating in a research note on Friday, January 12th. UBS Group lifted their price objective on Southwestern Energy from $6.00 to $6.25 and gave the company a neutral rating in a research note on Thursday, January 18th. Finally, Seaport Res Ptn cut Southwestern Energy from a buy rating to a neutral rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Southwestern Energy currently has an average rating of Hold and a consensus target price of $8.14.

Southwestern Energy Stock Up 0.8 %

Shares of NYSE:SWN opened at $7.65 on Monday. The business has a 50-day moving average price of $7.22 and a 200 day moving average price of $6.85. 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 company has a market capitalization of $8.43 billion, a price-to-earnings ratio of 5.43 and a beta of 1.12. Southwestern Energy has a 12-month low of $4.57 and a 12-month high of $7.69.

Southwestern Energy (NYSE:SWN) last issued 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 firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.29 billion. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The company’s quarterly revenue was down 49.9% on a year-over-year basis. During the same period last year, the company earned $0.26 EPS. Sell-side analysts expect that Southwestern Energy will post 0.6 EPS for the current year.

Institutional Investors Weigh In On Southwestern Energy

Several institutional investors have recently added to or reduced their stakes in the business. Kimmeridge Energy Management Company LLC purchased a new stake in Southwestern Energy in the fourth quarter valued at approximately $120,352,000. FMR LLC lifted its stake in Southwestern Energy by 32.3% in the third quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock valued at $256,613,000 after buying an additional 9,709,483 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Southwestern Energy by 11,994.8% in the third quarter. Mackenzie Financial Corp now owns 2,803,943 shares of the energy company’s stock valued at $17,132,000 after buying an additional 2,780,760 shares during the last quarter. Invesco Ltd. lifted its stake in Southwestern Energy by 13.7% in the third quarter. Invesco Ltd. now owns 22,735,475 shares of the energy company’s stock valued at $146,644,000 after buying an additional 2,744,656 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Southwestern Energy by 55.8% in the fourth quarter. Principal Financial Group Inc. now owns 6,330,974 shares of the energy company’s stock valued at $41,468,000 after purchasing an additional 2,268,429 shares during the period. Hedge funds and other 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.