Several other equities analysts have also issued reports on SWN. Vetr lowered Southwestern Energy from a buy rating to a hold rating and set a $13.31 price target on the stock. in a research note on Tuesday, June 14th. Barclays PLC reiterated an underweight rating and issued a $8.00 price target (up previously 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 previously 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. lifted 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 equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Hold and an average price target of $12.66.
Shares of Southwestern Energy (NYSE:SWN) traded up 1.22% during trading on Wednesday, reaching $14.08. The company had a trading volume of 5,367,688 shares. The company has a 50 day moving average of $14.04 and a 200-day moving average of $12.71. Southwestern Energy has a 52-week low of $5.00 and a 52-week high of $15.59. The firm’s market capitalization is $5.46 billion.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Friday, July 22nd. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $522 million for the quarter, compared to analyst estimates of $517.49 million. Equities analysts expect that Southwestern Energy will post $0.05 earnings per share for the current year.
In other Southwestern Energy news, Director Gregory D. Kerley sold 12,000 shares of the stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $14.34, for a total transaction of $172,080.00. Following the sale, the director now owns 312,064 shares in the company, valued at $4,474,997.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.16% of the company’s stock.
Several large investors have recently bought and sold shares of SWN. Capital Research Global Investors increased its stake in Southwestern Energy by 25.7% in the second quarter. Capital Research Global Investors now owns 55,881,426 shares of the energy company’s stock valued at $702,988,000 after buying an additional 11,428,991 shares in the last quarter. Vanguard Group Inc. increased its stake in Southwestern Energy by 23.2% in the second quarter. Vanguard Group Inc. now owns 43,459,895 shares of the energy company’s stock valued at $546,724,000 after buying an additional 8,190,765 shares in the last quarter. Bank of Montreal Can bought a new stake in Southwestern Energy during the second quarter valued at about $91,593,000. Senator Investment Group LP bought a new stake in Southwestern Energy during the second quarter valued at about $88,060,000. Finally, Point72 Asset Management L.P. bought a new stake in Southwestern Energy during the second quarter valued at about $59,398,000. Hedge funds and other institutional investors own 98.78% of the company’s stock.
About Southwestern Energy
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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