Southwestern Energy (NYSE:SWN) Given Consensus Recommendation of “Hold” by Brokerages

Southwestern Energy (NYSE:SWN) has earned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $8.50.

Several research firms have recently weighed in on SWN. StockNews.com began coverage on shares of Southwestern Energy in a research report on Tuesday. They issued a “hold” rating on the stock. Mizuho boosted their target price on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Scotiabank lowered their price target on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 20th. Wolfe Research initiated coverage on Southwestern Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Piper Sandler decreased their price objective on Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th.

Institutional Trading of Southwestern Energy

Several large investors have recently added to or reduced their stakes in SWN. Brown Financial Advisors bought a new position in shares of Southwestern Energy in the 2nd quarter valued at approximately $292,000. Maven Securities LTD bought a new stake in shares of Southwestern Energy in the second quarter valued at about $756,000. Kestra Investment Management LLC acquired a new stake in shares of Southwestern Energy during the 2nd quarter worth approximately $170,000. Teachers Retirement System of The State of Kentucky boosted its stake in Southwestern Energy by 19.0% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 2,129,629 shares of the energy company’s stock worth $14,332,000 after buying an additional 340,000 shares in the last quarter. Finally, Water Island Capital LLC increased its stake in Southwestern Energy by 5.8% in the second quarter. Water Island Capital LLC now owns 193,851 shares of the energy company’s stock valued at $1,305,000 after acquiring an additional 10,611 shares during the period. 86.97% of the stock is owned by institutional investors.

Southwestern Energy Stock Performance

SWN opened at $6.18 on Friday. The business has a 50 day moving average price of $6.48 and a two-hundred day moving average price of $6.97. Southwestern Energy has a 1-year low of $5.85 and a 1-year high of $7.80. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of -3.55 and a beta of 1.12. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.53 and a quick ratio of 0.53.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. Research analysts predict that Southwestern Energy will post 0.61 EPS for the current fiscal year.

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.