Southwestern Energy Company (SWN) Received a $10.00 Target Price by Scotiabank Analysts

Southwestern Energy Company (SWN) Received a $10.00 Target Price by Scotiabank Analysts

Southwestern Energy Company (NYSE:SWN) has been given a $10.00 price objective by equities researchers at Scotiabank in a note issued to investors on Monday. The firm currently has a “hold” rating on the energy company’s stock. Scotiabank’s price objective indicates a potential upside of 29.87% from the stock’s current price.

Other research analysts have also issued research reports about the company. KLR Group reaffirmed a “buy” rating and set a $15.00 price target (up previously from $13.00) on shares of Southwestern Energy Company in a research report on Monday, February 27th. Zacks Investment Research raised Southwestern Energy Company from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Tuesday, February 7th. Citigroup Inc raised Southwestern Energy Company from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Wednesday, March 15th. Stifel Nicolaus started coverage on Southwestern Energy Company in a research report on Thursday, March 23rd. They set a “buy” rating and a $10.00 price target for the company. Finally, Barclays PLC raised Southwestern Energy Company from an “underweight” rating to an “equal weight” rating and set a $11.00 price target for the company in a research report on Monday, January 23rd. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.12.

Shares of Southwestern Energy Company (NYSE:SWN) traded up 1.30% during midday trading on Monday, reaching $7.80. The company’s stock had a trading volume of 8,841,142 shares. The stock’s market cap is $3.84 billion. Southwestern Energy Company has a 52-week low of $7.07 and a 52-week high of $15.59. The stock has a 50-day moving average price of $8.05 and a 200-day moving average price of $10.62.

Southwestern Energy Company (NYSE:SWN) last released its quarterly earnings results on Thursday, February 23rd. The energy company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $684 million for the quarter, compared to the consensus estimate of $645.55 million. Southwestern Energy Company had a negative net margin of 187.25% and a negative return on equity of 2.58%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.02) EPS. Equities research analysts anticipate that Southwestern Energy Company will post $0.71 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Patten Group Inc. increased its stake in shares of Southwestern Energy Company by 0.3% in the third quarter. Patten Group Inc. now owns 18,985 shares of the energy company’s stock valued at $259,000 after buying an additional 50 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in shares of Southwestern Energy Company by 0.5% in the third quarter. Gateway Investment Advisers LLC now owns 27,627 shares of the energy company’s stock valued at $382,000 after buying an additional 136 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Southwestern Energy Company by 4.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,680 shares of the energy company’s stock valued at $180,000 after buying an additional 650 shares in the last quarter. Berkshire Asset Management LLC PA increased its stake in shares of Southwestern Energy Company by 1.6% in the third quarter. Berkshire Asset Management LLC PA now owns 65,250 shares of the energy company’s stock valued at $903,000 after buying an additional 1,000 shares in the last quarter. Finally, Stephens Inc. AR increased its stake in shares of Southwestern Energy Company by 3.2% in the third quarter. Stephens Inc. AR now owns 35,091 shares of the energy company’s stock valued at $486,000 after buying an additional 1,090 shares in the last quarter. Institutional investors and hedge funds own 98.21% of the company’s stock.

Southwestern Energy Company 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.

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