Southwestern Energy (NYSE:SWN) Raised to Peer Perform at Wolfe Research

Wolfe Research upgraded shares of Southwestern Energy (NYSE:SWN) from an underperform rating to a peer perform rating in a report published on Thursday, The Fly reports.

SWN has been the subject of a number of other reports. Evercore ISI set a $6.00 price target on Southwestern Energy and gave the stock a hold rating in a research report on Wednesday, August 7th. UBS Group upgraded Southwestern Energy from a sell rating to a neutral rating and lowered their price target for the stock from $3.10 to $1.90 in a research report on Wednesday, August 14th. Morgan Stanley set a $2.00 price target on Southwestern Energy and gave the stock a sell rating in a research report on Monday, June 24th. Mitsubishi UFJ Financial Group lowered their price target on Southwestern Energy to $3.50 and set a neutral rating for the company in a research report on Monday, August 12th. Finally, Credit Suisse Group downgraded Southwestern Energy from a neutral rating to an underperform rating and set a $2.83 price target for the company. in a research report on Tuesday, July 9th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $3.92.

Shares of SWN opened at $2.09 on Thursday. The company has a market cap of $1.10 billion, a PE ratio of 2.05, a P/E/G ratio of 0.40 and a beta of 1.09. The business has a fifty day moving average of $1.90 and a 200 day moving average of $3.27. Southwestern Energy has a 52-week low of $1.56 and a 52-week high of $6.23. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.74.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $667.00 million during the quarter, compared to the consensus estimate of $851.21 million. Southwestern Energy had a return on equity of 19.16% and a net margin of 26.70%. The firm’s quarterly revenue was down 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 earnings per share. As a group, research analysts anticipate that Southwestern Energy will post 0.56 earnings per share for the current fiscal year.

In other Southwestern Energy news, insider William J. Way bought 100,000 shares of Southwestern Energy stock in a transaction on Friday, August 9th. The shares were acquired at an average price of $1.91 per share, for a total transaction of $191,000.00. Following the completion of the purchase, the insider now directly owns 771,362 shares in the company, valued at approximately $1,473,301.42. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Julian Mark Bott bought 25,000 shares of Southwestern Energy stock in a transaction on Friday, August 9th. The stock was acquired at an average price of $1.90 per share, for a total transaction of $47,500.00. Following the purchase, the chief financial officer now owns 25,000 shares of the company’s stock, valued at $47,500. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 126,250 shares of company stock worth $240,638. Insiders own 0.66% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SWN. Tower Research Capital LLC TRC increased its stake in Southwestern Energy by 827.4% in the second quarter. Tower Research Capital LLC TRC now owns 7,883 shares of the energy company’s stock worth $25,000 after purchasing an additional 7,033 shares during the period. Wetherby Asset Management Inc. purchased a new stake in Southwestern Energy in the second quarter worth $45,000. Signaturefd LLC increased its stake in Southwestern Energy by 325.7% in the second quarter. Signaturefd LLC now owns 16,593 shares of the energy company’s stock worth $52,000 after purchasing an additional 12,695 shares during the period. Eidelman Virant Capital purchased a new stake in Southwestern Energy in the second quarter worth $63,000. Finally, Magnus Financial Group LLC increased its stake in Southwestern Energy by 62.1% in the second quarter. Magnus Financial Group LLC now owns 20,260 shares of the energy company’s stock worth $64,000 after purchasing an additional 7,760 shares during the period.

About Southwestern Energy

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.

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Analyst Recommendations for Southwestern Energy (NYSE:SWN)

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