Southwestern Energy (SWN) Receives New Coverage from Analysts at Credit Suisse Group

Stock analysts at Credit Suisse Group initiated coverage on shares of Southwestern Energy (NYSE:SWN) in a report issued on Monday. The brokerage set a “neutral” rating and a $6.00 price target on the energy company’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 3.27% from the company’s previous close.

A number of other brokerages have also recently commented on SWN. KeyCorp restated a “hold” rating on shares of Southwestern Energy in a research note on Friday, November 10th. Mizuho cut Southwestern Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 21st. BMO Capital Markets set a $9.00 price objective on Southwestern Energy and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Robert W. Baird restated a “hold” rating and set a $8.00 price objective on shares of Southwestern Energy in a research note on Tuesday, September 26th. Finally, Wolfe Research upgraded Southwestern Energy from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $6.00 to $7.00 in a research note on Wednesday, September 20th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $8.95.

Southwestern Energy (SWN) traded up $0.32 during mid-day trading on Monday, reaching $5.81. The company’s stock had a trading volume of 26,995,200 shares, compared to its average volume of 17,596,191. The stock has a market capitalization of $2,813.22, a P/E ratio of 13.73 and a beta of 1.23. Southwestern Energy has a 1 year low of $4.90 and a 1 year high of $12.64. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.88 and a current ratio of 1.88.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, October 26th. The energy company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). The company had revenue of $737.00 million for the quarter, compared to analyst estimates of $773.99 million. Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 EPS. equities analysts predict that Southwestern Energy will post 0.45 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in SWN. Capstone Asset Management Co. raised its stake in Southwestern Energy by 30.4% during the second quarter. Capstone Asset Management Co. now owns 40,209 shares of the energy company’s stock valued at $244,000 after buying an additional 9,363 shares in the last quarter. US Bancorp DE raised its stake in Southwestern Energy by 6.6% during the second quarter. US Bancorp DE now owns 31,715 shares of the energy company’s stock valued at $193,000 after buying an additional 1,959 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in Southwestern Energy by 0.4% during the second quarter. Public Employees Retirement Association of Colorado now owns 92,056 shares of the energy company’s stock valued at $560,000 after buying an additional 341 shares in the last quarter. NGAM Advisors L.P. raised its stake in Southwestern Energy by 391.3% during the second quarter. NGAM Advisors L.P. now owns 210,526 shares of the energy company’s stock valued at $1,280,000 after buying an additional 167,677 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in Southwestern Energy by 11.0% during the second quarter. Great West Life Assurance Co. Can now owns 314,536 shares of the energy company’s stock valued at $1,909,000 after buying an additional 31,240 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

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Southwestern Energy Company Profile

Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.

Analyst Recommendations for Southwestern Energy (NYSE:SWN)

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