GMP Securities assumed coverage on shares of Southwestern Energy Co. (NYSE:SWN) in a report published on Wednesday. The firm issued a hold rating and a $11.00 price target on the energy company’s stock.
A number of other research analysts have also recently commented on the company. Vetr cut Southwestern Energy from a buy rating to a hold rating and set a $13.31 price target for the company. in a research note on Tuesday, June 14th. Barclays PLC reiterated an underweight rating and issued a $8.00 price target (up from $7.00) on shares of Southwestern Energy in a research note on Friday, July 1st. Nomura reiterated a neutral rating and issued a $15.00 price target (up from $13.00) on shares of Southwestern Energy in a research note on Monday, July 25th. BMO Capital Markets reiterated a hold rating and issued a $18.00 price target on shares of Southwestern Energy in a research note on Friday, July 29th. Finally, Citigroup Inc. increased their price target on Southwestern Energy from $8.00 to $14.00 and gave the company a neutral rating in a research note on Monday, August 8th. Five investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Hold and an average price target of $12.38.
Southwestern Energy (NYSE:SWN) last released its earnings results on Friday, July 22nd. The energy company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. Southwestern Energy had a negative return on equity of 1.99% and a negative net margin of 220.65%. The firm earned $522 million during the quarter, compared to analysts’ expectations of $517.49 million.
In related news, Director Gregory D. Kerley sold 12,000 shares of Southwestern Energy stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $14.34, for a total value of $172,080.00. Following the completion of the transaction, the director now directly owns 312,064 shares in the company, valued at approximately $4,474,997.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.16% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in Southwestern Energy during the second quarter worth approximately $106,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Southwestern Energy by 131.7% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,500 shares of the energy company’s stock worth $120,000 after buying an additional 5,400 shares during the period. Bourgeon Capital Management LLC purchased a new position in Southwestern Energy during the second quarter worth approximately $126,000. Brant Point Investment Management LLC purchased a new position in Southwestern Energy during the second quarter worth approximately $126,000. Finally, First Citizens Bank & Trust Co. purchased a new position in Southwestern Energy during the second quarter worth approximately $140,000. Institutional investors and hedge funds own 98.78% of the company’s stock.
Southwestern Energy Company Profile
Southwestern Energy Company is an independent 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 are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.
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