Southwestern Energy (NYSE:SWN) Price Target Cut to $7.00 by Analysts at UBS Group

Southwestern Energy (NYSE:SWN) had its price objective reduced by UBS Group from $7.50 to $7.00 in a research note published on Wednesday, Benzinga reports. They currently have a neutral rating on the energy company’s stock.

Several other equities analysts have also recently weighed in on SWN. Wolfe Research initiated coverage on Southwestern Energy in a report on Thursday, July 18th. They set a peer perform rating on the stock. Scotiabank dropped their target price on Southwestern Energy from $9.50 to $9.00 and set a sector perform rating on the stock in a research report on Tuesday, August 20th. StockNews.com initiated coverage on Southwestern Energy in a research report on Wednesday, September 11th. They issued a sell rating on the stock. Piper Sandler dropped their target price on Southwestern Energy from $7.00 to $6.00 and set a neutral rating on the stock in a research report on Thursday, August 15th. Finally, Susquehanna dropped their target price on Southwestern Energy from $7.00 to $6.50 and set a neutral rating on the stock in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Southwestern Energy currently has an average rating of Hold and a consensus target price of $8.56.

Southwestern Energy Trading Up 2.4 %

NYSE:SWN opened at $6.72 on Wednesday. Southwestern Energy has a fifty-two week low of $5.85 and a fifty-two week high of $7.80. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $7.41 billion, a PE ratio of -3.86 and a beta of 1.12. The business’s 50-day simple moving average is $6.32 and its 200-day simple moving average is $6.91.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the business posted $0.09 EPS. Southwestern Energy’s revenue for the quarter was down 14.7% on a year-over-year basis. Sell-side analysts expect that Southwestern Energy will post 0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bank of Nova Scotia acquired a new position in shares of Southwestern Energy during the 4th quarter worth approximately $4,434,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Southwestern Energy by 14.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock worth $298,381,000 after acquiring an additional 4,968,002 shares during the last quarter. Annex Advisory Services LLC increased its holdings in shares of Southwestern Energy by 18.8% during the 4th quarter. Annex Advisory Services LLC now owns 977,353 shares of the energy company’s stock worth $6,402,000 after acquiring an additional 154,496 shares during the last quarter. Symmetry Investments LP bought a new stake in Southwestern Energy in the 4th quarter valued at $997,000. Finally, Asia Research & Capital Management Ltd bought a new stake in Southwestern Energy in the 4th quarter valued at $2,442,000. 86.97% of the stock is owned by institutional investors and hedge funds.

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.