Southwestern Energy (NYSE:SWN) Price Target Increased to $7.60 by Analysts at Stifel Nicolaus

Southwestern Energy (NYSE:SWN) had its target price increased by Stifel Nicolaus from $6.60 to $7.60 in a research note released on Tuesday morning, Benzinga reports. They currently have a hold rating on the energy company’s stock.

Several other analysts have also issued reports on the stock. UBS Group boosted their target price 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. Scotiabank downgraded shares of Southwestern Energy from a sector outperform rating to a sector perform rating and lifted their price target for the company from $9.00 to $9.50 in a report on Thursday, April 11th. Citigroup lifted their price target on shares of Southwestern Energy from $8.00 to $8.24 and gave the company a buy rating in a report on Friday, January 12th. StockNews.com started coverage on shares of Southwestern Energy in a report on Saturday. They set a hold rating on the stock. Finally, Piper Sandler reaffirmed a neutral rating and set a $7.00 price target (down previously from $8.00) on shares of Southwestern Energy in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Southwestern Energy has an average rating of Hold and a consensus target price of $8.14.

Southwestern Energy Stock Performance

Shares of NYSE SWN opened at $7.39 on Tuesday. The firm has a 50 day moving average of $7.17 and a 200 day moving average of $6.84. 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 firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 5.24 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 announced its earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.29 billion. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The firm’s quarterly revenue was down 49.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 earnings per share. On average, research analysts anticipate that Southwestern Energy will post 0.57 earnings per share for the current year.

Institutional Trading of Southwestern Energy

Several hedge funds have recently modified their holdings of SWN. Rise Advisors LLC bought a new stake in Southwestern Energy in the first quarter worth $25,000. Parkside Financial Bank & Trust increased its holdings in shares of Southwestern Energy by 481.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock worth $30,000 after buying an additional 3,854 shares during the last quarter. Pingora Partners LLC purchased a new stake in shares of Southwestern Energy during the 4th quarter valued at about $30,000. Quantbot Technologies LP purchased a new stake in shares of Southwestern Energy during the 3rd quarter valued at about $39,000. Finally, Lindbrook Capital LLC raised its position in shares of Southwestern Energy by 30.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock valued at $44,000 after buying an additional 1,564 shares in the last quarter. 86.97% of the stock is owned by hedge funds and other 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.