Southwestern Energy (NYSE:SWN) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Southwestern Energy (NYSE:SWN) in a research report issued on Thursday. The brokerage set a “sell” rating on the energy company’s stock.

A number of other equities research analysts also recently issued reports on SWN. Susquehanna reduced their price objective on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a research note on Monday, August 19th. Piper Sandler reduced their price objective on shares of Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Scotiabank reduced their price objective on shares of Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 20th. UBS Group reduced their price objective on shares of Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. Finally, Wolfe Research assumed coverage on shares of Southwestern Energy in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.98.

Southwestern Energy Stock Performance

NYSE SWN opened at $7.11 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $7.84 billion, a P/E ratio of -4.09 and a beta of 1.12. Southwestern Energy has a 12-month low of $5.85 and a 12-month high of $7.80. The firm has a 50-day moving average price of $6.47 and a two-hundred day moving average price of $6.91.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.12 billion. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. Analysts anticipate that Southwestern Energy will post 0.56 earnings per share for the current year.

Institutional Investors Weigh In On Southwestern Energy

Hedge funds have recently made changes to their positions in the stock. Rise Advisors LLC bought a new position in Southwestern Energy in the 1st quarter valued at approximately $25,000. UMB Bank n.a. raised its holdings in Southwestern Energy by 340.6% in the 3rd quarter. UMB Bank n.a. now owns 3,450 shares of the energy company’s stock valued at $25,000 after buying an additional 2,667 shares during the last quarter. Paladin Wealth LLC bought a new position in Southwestern Energy in the 3rd quarter valued at approximately $38,000. Fidelis Capital Partners LLC bought a new position in Southwestern Energy in the 1st quarter valued at approximately $43,000. Finally, Larson Financial Group LLC raised its holdings in Southwestern Energy by 4,752.1% in the 2nd quarter. Larson Financial Group LLC now owns 5,871 shares of the energy company’s stock valued at $40,000 after buying an additional 5,750 shares during the last quarter. 86.97% of the stock is currently owned by institutional investors and hedge funds.

About Southwestern Energy

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.